Market News on Grains

Grains

Jun 8, 2020

Wheat: bakeries try to absorb additional costs with "Corona-Cent"

FRANKFURT. The wheat markets started the new week slightly weaker. Profit-taking on the futures exchanges and rainy weather on the Black Sea and parts of Western Europe were reasons for this. The US wheat harvest is likely to have progressed considerably further due to good weather. Via a "Corona-Cent", the Kaiserslautern bakery Barbarossa in Rhineland-Palatinate in Germany is letting consumers participate in increased additional costs.

Grains

Jun 2, 2020

Wheat: France started the week with low prices

FRANKFURT. The wheat markets declined internationally. In the USA, the harvest began in optimal weather conditions. The climate of talks between Washington and Beijing was exacerbated by the conflict over the Hong Kong Special Administrative Region. Bakeries hope for an increase in sales with the beginning of the holiday season.

Grains

May 28, 2020

Wheat: retail sales still at risk

FRANKFURT. The wheat markets tends to be weaker due to rain, after at least some minor precipitation fell in parts of Western Europe, which should brighten the crop outlook a little. Heavy precipitation is predicted for the Black Sea region, but there have already been rainfalls in the critical "dry zones" in the eastern parts of the Ukraine and southern Russia. The HDE warned that declining retail sales, which could reach 10 to 15% of total retail sales over the year, continue to cause concern.

Grains

May 27, 2020

Corn: India is hit by plague of locusts

PARIS. Corn trended sideways on the Chicago futures exchanges and slightly down in Paris. In the USA, the trade agreement with China is apparently losing importance. The US government is allegedly supporting the withdrawal of US companies in Hong Kong and China back to the USA. In India, farmers are struggling with the consequences of Cyclone Amphan and an incipient plague of locusts. In the south of France and Germany, in Poland, Romania and on the Black Sea, corn cultivation benefited from rainfall, which suggests good crops in Western and Eastern Europe for the time being.

Grains

May 13, 2020

WASDE report: wheat, corn, soy - all crops are increasing

WASHINGTON. The USDA announced the new forecasts for the old and upcoming world crops of wheat, corn and soybeans in the WASDE report.

Grains

May 11, 2020

Corn: China finally buys corn in the USA

PARIS. The corn market was slightly firmer in the USA, but remained virtually unchanged in Western Europe and the Black Sea. New corn purchases by China stimulated the market. The WASDE report is likely to show higher US corn inventories. US President Donald Trump announced that the US would buy dairy, meat and other products worth USD 3 billion to support US farmers. Rain improves corn growth conditions in Western Europe.

Grains

May 7, 2020

Wheat: trade association demands corona cheques

FRANKFURT. The wheat futures markets held on to the rising price trend, while the cash market largely ignored the price gains. Rain could cause the markets to cool down over the weekend, but that is not yet certain. Western Europe is heading for a smaller wheat crop. The German Retail Association (HDE) is demanding corona cheques from the state to revive the domestic economy.

Grains

May 4, 2020

Corn: IGC forecast with many uncertainties

PARIS. The corn market continues its weaker trend. France's corn sowing is 70% complete. Since 27 April, the EU has put customs duties of EUR 5.27 per metric tonne tonne on imports of rye, corn and sorghum. The IGC expects a corn crop of 388.8 million metric tonnes in the USA.

Grains

Apr 28, 2020

Wheat: rainfall causes markets to calm down

FRANKFURT. The wheat markets are showing clear signs of weakness. According to the trade, demand for flour has continued to decline. Concerns about rising insolvencies of bakeries, especially in cities, are being addressed because the companies are suffering heavy losses in sales due to the shutdown. The weather forecasts remain rainy in Western and Eastern Europe until Sunday.

Grains

Apr 27, 2020

Corn: crude oil threatens forced shutdown

PARIS. The corn market in the USA again showed a clear downward trend, with only slight price fixing tendencies on the Black Sea. Bad news came from the U.S. ethanol and slaughterhouse sector, with ADM forced to close some ethanol plants and Tyson Foods forced to close Parco slaughterhouse. If OPEC does not cut crude oil production, an additional 20% of global oil production is threatened with forced shutdown. Ukraine has announced that it will limit corn exports.

Grains

Apr 21, 2020

Corn: Waterloo on the crude oil market

PARIS. The Chicago corn market is sliding deeper and deeper into the red. The crude oil market experienced a Waterloo yesterday for the WTI variety. Pressure is coming from the US meat market, and after Smithfield Foods and Cargill, JBS has now announced further closures of production sites. Dark clouds are also gathering on the Western European meat market.

Grains

Apr 20, 2020

Wheat: boosting the market with export quotas

FRANKFURT. The wheat market grew noticeably in the USA and Western Europe. This was mainly due to statements by Russia and the Ukraine that exports would be suspended as soon as export quotas or export targets were exhausted. This stimulated higher wheat export expectations in the USA.

Grains

Apr 15, 2020

Corn: between the flanks of the crude oil and meat markets

PARIS. The corn market is currently experiencing a test of strength, the market has been caught in the flanks of a drop in the price of crude oil as yet unheard of and, in addition, a slump in meat consumption in North America and China as a result of the Covid-19 pandemic, which is reducing demand for animal feed. Another topic is the progress of corn sowing this year.

Grains

Apr 7, 2020

Corn: quarantine clauses

PARIS. The US corn market is resisting the vehement price pressure from crude oil. However, US corn inventories are also expected to rise. In Western Europe, demand remained very stable, as confirmed by higher corn prices in France. In the Lower Rhine region, corn prices fell temporarily, which compound feed producers are likely to use for purchases, the trade said. Corn importers, too, are likely to supplement the contract terms with clauses on substitute delivery to ensure greater security of supply in the event of quarantines caused by the coronavirus.

Grains

Apr 6, 2020

Wheat: Brazil's mills on import course

FRANKFURT. The wheat markets in the USA began this with significant price increases, while the price level in Western Europe and on the Black Sea remained at last week's level. Brazil is unable to cover its import enquiries from Argentina for logistical reasons and is therefore looking for goods in other countries. Wheat exports in Western Europe flattened out somewhat and uncertainty about the further course of the market remains high. The industry must prepare for longer restrictions due to the Covid19 pandemic.

Grains

Mar 30, 2020

Corn: Saudi Arabia puts heavy pressure on the crude oil market

PARIS. The US corn market is under heavy pressure because Saudi Arabia has increased its crude oil production in order to take revenge on Russia for Moscow's failure to respond to the demand for a crude oil cutback. The US ethanol industry is in the red and US farmers are sitting on unsold corn. In the EU, a higher euro exchange rate improves the import chances for corn.

Grains

Mar 25, 2020

Buckwheat: export stop only lasts for a short time

MOSCOW. In order to prevent the spread of coronavirus infection to the Russian Federation, the Russian agricultural supervisory authority has closed the borders for the export of cereals, including buckwheat, for 10 days, starting on 20 March. However, these restrictions were discarded after only a few days.

Grains

Mar 24, 2020

Wheat: irrational stockpiling of toast and pasta

FRANKFURT The wheat markets in the USA, Western Europe and on the Black Sea increased again by 2.5%. In the USA and Western Europe, stockpilings continue to increase, although agricultural ministries do not expect any food shortages. In Germany, irrational stockpilings are pushing logistics to the limits of capacity.

Grains

Mar 23, 2020

Corn: fake news about export stop in Ukraine

PARIS. The EU corn market is moving upwards as the wheat market continues to put pressure on it. Feed mills increase stocks to ensure supply availability. Ukraine does not restrict agricultural exports under any circumstances. In the USA, China's wheat and corn purchases were seen as a comeback to its trade relations. The low price of crude oil is putting such a strain on the US ethanol market that ethanol plants have to close.

Grains

Mar 19, 2020

Wheat: shutdown puts logistics in trouble

FRANKFURT. The wheat markets are growing internationally and analysts expect strongly restricted economic activities around the globe. Wheat is not becoming scarce, but rather logistics could face major problems due to the rampant pandemic. For this reason, the industry is increasing its inventories in order to be able to compensate for transport delays or even loss of goods. Stockpiling of flour and China's presence for wheat imports from France and Ukraine are pushing the market. Russia is becoming competitive again due to the fall of the ruble.

Grains

Mar 16, 2020

Corn: disaster mode in Western Europe

PARIS. The corn markets continued to collapse in the USA and also in Western Europe. More and more countries are declaring national emergencies and disasters, and fears of a global recession are growing. In the food sector, retailers, shipping companies and industry are trying to maintain supply chains, which is likely to put logistics to a tough test. Avian influenza subtype H5 has been detected in laying hens in Saxony.

Grains

Mar 11, 2020

Corn: consumers are buying more canned goods

PARIS. The corn markets were able to recover slightly due to an increase in crude oil prices, which are supporting the market via ethanol. The purchasing behavior of consumers, who tend to buy canned food and avoid fresh products due to the risk of a coronavirus infection, which is also increasingly affecting butchers' shops, is causing concern. This could affect the feed market as well.

Grains

Mar 10, 2020

Wheat: Italy under state of emergency

FRANKFURT. The wheat markets are under pressure due to massive crashes on the stock and commodity exchanges, the failed OPEC Plus negotiations and the continuing spread of the coronavirus. As a result, the currencies in crude oil supplier countries such as Russia are coming under pressure. Italy's nationwide state of emergency due to Covid-19 shows how the situation could also deteriorate in Western Europe.

Grains

Mar 6, 2020

Wheat: markets tend to be weak

FRANKFURT. The wheat markets are tending to be weak due to concerns about the spread of the coronavirus epidemic. Traders expect temporary drops in demand, either for logistical or economic reasons. Higher wheat crops in the coming season in Russia, India and Australia also indicate lower prices.

Grains

Mar 4, 2020

Corn: USA lowers key interest rate

PARIS. The corn market recovered slightly in the USA and Western Europe, but the Black Sea market continued to decline. Yesterday, the US central bank cut the key interest rate by 0.5 percentage points, to which stock and commodity markets initially reacted with price rises. Recently these turned negative again, the interest rate cut was interpreted as meaning that the consequences of the coronavirus could hit the economy even worse than expected.

Grains

Mar 3, 2020

Wheat: Morocco and Ethiopia announce new tenders

FRANKFURT. The wheat markets showed further downward corrections. The focus was set on the new crop, with significantly higher expectations in India and also Australia following the poor crop of last year. The price decline in Russia also put pressure on wheat prices in Paris. Nevertheless, there were new wheat tenders from Morocco and Ethiopia.

Grains

Feb 28, 2020

Cereals and oilseeds: "Prices will continue to decline"

FRANKFURT. In the past few days, cereals and oilseeds have experienced downright price slumps on the stock markets. The effects of the Covid-19 epidemic are, however, also affecting smaller commodities.

Grains

Feb 27, 2020

Corn: exports from the Ukraine decline

PARIS. The corn market declined in the USA, Western Europe and the Black Sea region. The spread of the coronavirus caused sales fears, although the effects on the market remained difficult to assess. Argentina's government will raise the export tax on wheat, corn and soy, which could lead to firmer impulses on the market. Ukrainian corn exports fell by 24% in February.

Grains

Feb 26, 2020

Buckwheat: no shipments from China

WARSAW/FRANKFURT. According to reports there are currently no buckwheat exports from China. Other exporting countries, which have so far received less attention, are now moving into focus.

Grains

Feb 25, 2020

Wheat: stock market losses due to possible coronavirus pandemic

FRANKFURT. The wheat markets showed a further decline in prices internationally. The spread of the coronavirus outside of China in South Korea, Iran and Italy resulted in massive losses on the stock markets. Germany and Poland were awarded the Saudi Arabian wheat tender.

Grains

Feb 24, 2020

Corn: concern about corona virus increases

PARIS. The corn market tended to be weaker in the USA, the market in Western Europe remained stable for the time being, and on the Black Sea exports to China and Southeast Asia appear to be slumping. The spread of the corona virus is more advanced than the WHO admits. The epidemic led to a cooling of the stock and commodity markets. Beijing has also stopped imports of poultry and poultry products from Germany.

Grains

Feb 20, 2020

Wheat: new tenders from Taiwan and Jordan

FRANKFURT. The wheat markets in the USA and Western Europe registered losses again, only on the Black Sea did wheat pick up slightly. Moscow expects a 3 to 5% higher wheat crop in the summer, and also corrected export expectations downwards by 1 million metric tonnes.

Grains

Feb 17, 2020

Corn: market waits for low-cost offers from Brazil

PARIS. The corn market declined slightly in Chicago and Paris. In the USA, the stock exchanges remained closed due to President's Day. The question remained whether China will stick to its import commitments in the Phase 1 deal or whether it would rather play for time. China bought larger quantities of corn in the Ukraine.

Grains

Feb 13, 2020

Corn: trade in France benefits from less import pressure

PARIS. The corn market gained on the futures exchanges in the USA and Western Europe. On the physical market, corn prices remained rather depressed, even though corn imports from third countries into the EU decreased visibly. As Ukrainian corn is increasingly being shipped to China, this will ease the pressure on the French market to Spain and Italy. Corn is more attractive to feed manufacturers than wheat.

Grains

Feb 11, 2020

Wheat: Egypt announces new tender

FRANKFURT. The wheat market was weaker in the USA and on the Black Sea, but firmer in Western Europe. Egypt announced a new wheat tender, with wheat from the Black Sea Region potentially becoming more competitive again, but France and Romania are benefiting from an even weaker euro exchange rate. With the WASDE report, the USDA could lower the high export forecast for Russian wheat.

Grains

Feb 11, 2020

Millet: production doubles in the Ukraine

KIEV/FRANKFURT: APK-Inform estimates the 2019 production in the Ukraine at 159,000 metric tonnes. Production has in others words doubled over 2018. Consequently...

Grains

Feb 6, 2020

Rye: production is at risk in Russia

MOSCOW. Production declined to a ten-year low in Russia last year. Curiously, however, rye flour production is on the rise.

Grains

Feb 5, 2020

Wheat: Chinese central bank provides financial support

FRANKFURT. Wheat prices rose in the USA, Western Europe and the Black Sea region. China's central bank pumped a good EUR 220 billion into the domestic financial system to stabilize the country and mitigate the consequences of the coronavirus epidemic. France is loading large quantities of wheat for export despite the strikes.

Grains

Feb 3, 2020

Corn: pressure from South America

PARIS. Prices for corn continued to decline in Chicago and Paris. The spread of the corona virus in China and other parts of Asia and a cooling global economy are depressing the market. In the USA, hardly anyone expects China to be able to fulfil its commitments in the Phase 1 deal soon. The Ukraine is reducing high price demands. France's cash market is trending weaker.

Grains

Jan 30, 2020

Wheat: Black Sea market declines significantly

FRANKFURT. The wheat market declined worldwide. Due to the spread of the coronavirus in China and other Asian countries, the trade fears low export orders to these countries. Especially the price decline on the Black Sea caused a sensation, rain forecasts with better yield expectations put the market under pressure. France is risking its competitiveness in North Africa by continuing strikes. The price trend in France and Germany has been rather weak recently.

Grains

Jan 28, 2020

Corn: coronavirus and economic slowdown depress market

PARIS. The corn market declined, except in the Black Sea Region. Fears of a global economic slowdown and the risks due to the coronavirus in China and other contries in Asia clouded the market. Due to rainfall in northern Argentina and central Brazil, the development of corn is progressing well. EU corn imports fell back.

Grains

Jan 28, 2020

Wheat: slight pressure on sales in Western Europe

FRANKFURT. The wheat market was only slightly firmer in the USA. In Paris and the Black Sea Region, prices declined. However, fears of a global economic slowdown and the risks associated with the coronavirus in China and other Asian countries clouded the market.

Grains

Jan 23, 2020

Wheat: Argentina delays repayment of foreign debt

FRANKFURT. The wheat market was slightly weaker in Chicago and Paris and firmer in the Black Sea Region. Argentina is failing to repay its foreign debt, which has caused great uncertainty among exporters. The ongoing strikes in France are increasingly endangering the export and baking industries. France is awarded the Algerian tender for a large share.

Grains

Jan 21, 2020

Corn: EU imports decline again

PARIS. The corn market declined in the USA and also in Western Europe. More rainfall in South America has resulted in better growing conditions for corn. The sowing of the safrinha maize crop, however, was slightly delayed. The EU imported less corn from third-world countries.

Grains

Jan 20, 2020

Wheat: France and Germany profit from North Africa

FRANKFURT. The wheat market showed a slight recovery trend after a former price decline. Increasing demand for exports in France and Germany caused share prices to rise. Tunisia is buying EU wheat and Algeria has issued a new tender. The change in leadership in Moscow could lead to a more aggressive export policy in Russia.

Grains

Jan 16, 2020

Corn: escalating strikes in France

PARIS. In the USA, the market reacted to the Phase 1 deal with sharp price losses. It is true that the export values for corn and ethanol are set out in detail in the contract, but Beijing retains the option to decide on imports of US agricultural goods to China according to market conditions. Weekly exports of US corn were higher than last week.

Grains

Jan 14, 2020

Corn: Brazil's trade expects higher saffrinha crop

PARIS. The corn market caught up slightly in the USA, but remained almost unchanged in Western Europe. In Brazil, retailers are expecting a higher saffrinha crop because domestic prices have risen significantly. Ukrainian corn has lost competitiveness due to the rising UAH. In France, relatively low price offers ensure good demand, even though rail strikes and increased freight rates of forwarding companies make shipments to Germany and Spain more expensive.

Grains

Jan 13, 2020

Wheat: USDA expects EU wheat exports to increase significantly

FRANKFURT. The wheat markets tends to be slightly weaker. The new WASDE report showed mixed results, especially the higher EU wheat crop and the further increase in EU wheat exports surprised the market players.

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