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Contents tagged with Grain Market Daily
11 February 2022
The global wheat supply and demand picture remains tight for 2021/22.
9 February 2022
Some market drivers over the last month have been due to South American weather.
8 February 2022
With focus on reduced South American supplies, expectation is for increased US demand as a result. China is the world’s largest soyabean importer, with primary use to crush and feed their pig herd. For 2021/22 marketing year, Chinese soyabean imports are forecast at 100.0Mt (USDA).
4 February 2022
Yesterday, the euro gained considerable strength against the US dollar, with a recorded close of €1=$1.1438 (Refinitiv). This was a rise of 1.2% from the previous day.
2 February 2022
Oilseed rape (OSR) prices have reached historic highs this marketing year (2021/22). With stocks reduced and markets volatile focus turns to new crop.
1 February 2022
Yesterday, two private forecasters sharply cut their estimates of Brazilian soyabean production, which could have implications for rapeseed markets.
28 January 2022
Yesterday, the Indonesian government announced plans to curb the exports of palm oil. This move would see 20% of the vegetable oil mandated to be sold domestically, thereby limiting volumes available to global markets.
26 January 2022
One of the factors supporting prices yesterday, was poor US crop condition scores. Although there is still a lot of crop development between now and harvest. These crop condition scores build sentiment into the market as speculations are made on potential yields.
25 January 2022
A relatively mild winter continues to be kind to winter crops across Europe and the Black Sea. But, this also continues to leave crops more exposed to frost damage if temperatures drop.
21 January 2022
The Chicago May-22 soyabean contract had its biggest jump of the season yesterday, up $12.40/t to $527.04/t (£387.05/t), boosting rapeseed prices.
19 January 2022
Last week saw the release of updated GB animal feed production numbers (to Nov-21). Focusing on the four main cereals, (wheat, barley, oats, and maize) animal feed usage season to date (Jul-Nov) is up 2% year-on-year at 2.16Mt.
18 January 2022
After the USDA world agricultural supply and demand estimates (WASDE) released last week, the global soyabean balance looks very tight. This tight picture can be expected to support the wider oilseed complex, including rapeseed prices, this season.