Price: €11.00
Member Price: €0.00

Grains and oilseeds: China on shopping spree

November 10, 2023 at 12:17 PM , Der AUDITOR
Play report as audio

BBRUSSELS. EU wheat imports have surged and El Niño spells trouble for Brazil’s corn output. China has embarked on a shopping spree for soybeans and Canada’s canola exports have approached a record.

EU wheat imports surge

Wheat has gained considerably as France and Black Sea countries won bids in Algeria’s tender over 550,000-580,000 mt. Prices ranged at USD 266/mt C&F. Another issue is that a cargo ship operating under a Liberian flag was hit by a rocket, possibly from Russia, in the Black Sea corridor on route to the port of Odesa. Rain is also impacting winter wheat sowing in France, which is lagging 10% behind the five-year average at 62%.

Although the supply glut from Russia is still adding pressure to the European market, which will be t

View related articles

Go to the News Overview
Grains
Apr 25, 2025
BRUSSELS. Rain has improved conditions for wheat. Ukraine’s corn exports have slumped by 20%. US soybeans are holding up surprisingly well. With the euro hitting a three-and-a-half-year high against the US dollar rapeseed quotations have tumbled.
Oilseeds
Apr 24, 2025
OTTAWA/ASTANA. Russia is once again banning flaxseed imports from Kazakhstan. Traders report delays in deliveries from the origin. Canadian farmers could expand their sowing this year.
Oilseeds
Apr 24, 2025
OLOMOUC. Although the official cultivation forecast is still pending, it can currently be assumed that sowing in the Czech Republic will be higher than last year. However, the low rainfall in recent months could reduce yields.
Oilseeds
Apr 23, 2025
SOFIA/BUENOS AIRES. Larger acreages and higher yields are ensuring good crop results in Argentina. In Ukraine, sowing is progressing much more slowly than last year.