Grain Highlights 05.08.2023
The Ukrainian Grain Association has increased its forecast for the production of grain and oil crops in Ukraine in 2023 by 7.8 million tons to 76.8 million tons. The Ukrainian Grain Association has increased its forecast for the production of grain and oil crops in Ukraine in 2023 by 7.8 million tons to 76.8 million […]
Grain Highlights 02.08.2023
According to StoneX’s forecast, the soybean production in Brazil will reach a record 163.5 million tons in 2023/24 (compared to 157.7 million tons in 2022/23). During the period of 01.07 – 01.08.2023, Ukraine exported 2.341 million tons of grain (1.742 million tons more compared to the same period last year, and 63,000 tons in the […]
Grain Highlights 01.08.2023
According to the Oil World forecast for 2023/24, Russia’s export of vegetable oils is expected to reach a record 6.38 million tons. According to the Oil World forecast for 2023/24, Russia’s export of vegetable oils is expected to reach a record 6.38 million tons. Sunseed oil will experience a record export of 4.37 million tons […]
Grain Highlights 31.07.2023
According to the latest Safras&Mercado forecast, soybean exports from Brazil will reach a record 99 million tons in 2024, compared to 95 million tons in 2023 and 78.7 million tons in 2022. According to preliminary estimates, Russia exported 4.54 million tons of wheat in July (+150% compared to July 2022). The total grain export reached […]
Western Canada dock workers union rejects labor contract
Dock workers in Western Canada have rejected a proposed labor contract that would have ended a dispute that has already impacted trade and could have more economic repercussions by disrupting operations at the country’s busiest ports. The International Longshore and Warehouse Union, representing about 7,500 dock workers, had been negotiating a new contract with the […]
Swire Shipping appoints SSA Terminals for ports of Seattle, Long Beach and Oakland
Swire Shipping, a leading provider of sustainable and innovative shipping and logistics solutions, is pleased to announce the appointment of SSA Terminals as its container terminal operator for the ports of Seattle, Long Beach, and Oakland. The multi-year agreement complements Swire Shipping’s continued investment into the North American market, enhancing the capabilities of its recently […]
Grain Highlights 30.07.2023
The European Commission has lowered its forecast for wheat production in the EU in 2023 by 2.5 million tons to 126.4 million tons. The corn production is expected to reach 63 million tons (63.7 million tons previously forecasted), and barley production is estimated at 48.7 million tons (previously 49.7 million tons). During the week of […]
Capesize rebound propels Baltic index to best week in over a month
The Baltic Exchange’s main sea freight index rose on Friday and logged its best week in five, helped mostly by a rebound in the capesize segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, edged up 13 points to 1,110. It posted a weekly gain […]
Grain Highlights 29.07.2023
According to data from Conab as of July 22, 2023, the second corn production in Brazil has been harvested on 48% of the areas (+9% for the week). In June, Russia exported 176,000 tons of soybeans, 125,000 tons of flax, 14,000 tons of rapeseed, and 2,000 tons of sunseed. China was the largest customer for […]
Grain Highlights 28.07.2023
The European Commission has stated that the EU will provide assistance for the export of the entire possible quantity of Ukrainian grain during 2023/24. A monthly export of 4 million tons of grain is required. In the southern parts of Russia, about 19% of the harvested wheat is of the third class, 18% is of […]