Grain: global production estimates sharply revised

November 27, 2020 at 10:44 AM , Der AUDITOR
Play report as audio

CHICAGO/PARIS. New export and production estimates have been issued for wheat and corn in the Black Sea Region and the EU along with revised IGC production estimates. Attention is shifting more and more towards 2021.

Capped Black Sea wheat exports set to reduce pressure

Due to Thanksgiving the US market is providing little impetus. Egypt's GASC authority has bought 175,000 mt of wheat in Russia at USD 262/mt CFR. Russian exporters are trying their best to step up shipments due to concerns that export quotas and export tariffs will be introduced. Russia has exported 20.7m mt of wheat so far. Export supplies are estimated at 40.8m mt. The country has found new buyers in Saudi Arabia, Morocco and Jordan and Sudan. Shipments to the EU have also been stepped up. Ukraine has exported

View related articles

Go to the News Overview
Grains
Apr 1, 2025
KYIV/DALIAN. Low demand is causing buckwheat prices in the Chinese market to fall again. In Ukraine, the acreage is expected to be lower than originally anticipated.
Grains
Apr 1, 2025
KYIV/DALIAN. Farmers in Ukraine have started sowing the spring crop. However, the millet acreage is expected to be even smaller than previously assumed.
Grains
Mar 5, 2025
DALIAN/KYIV. Chinese market players are keeping an eye on sowing for the coming crop. In Ukraine, lower acreages are expected from the outset.
Grains
Mar 4, 2025
DALIAN/MOSCOW. Low demand is putting pressure on prices on the Chinese market. Meanwhile, Russia has achieved significantly lower millet production in the current 2024/2025 season than in the previous year.