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Feb 01, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

wheat crop

IKAR consultancy lowers Russia 2021 wheat crop forecast
Markets

IKAR consultancy lowers Russia 2021 wheat crop forecast

  • Russia competes with the European Union for the rank of the world's largest wheat exporter.
  • More than 700,000 hectares, about 18% of the region's total area, will be up for potential replanting, though IKAR said it expected the actual resowed area to be smaller.
Published 22 Apr, 2021 06:17pm
Ukraine spring grain sowing 20pc complete
Markets

Ukraine spring grain sowing 20pc complete

  • The overall grain area is likely to total 15.5 million hectares this year, including 7.6 million hectares of spring grains, the ministry has said.
  • Farms have sown 1.06 million hectares of barley, 177,200 hectares of peas, 124,160 hectares of wheat and 134,640 hectares of oats as of April 15.
Published 17 Apr, 2021 05:53pm
APK-Inform sees Ukraine 2021/22 grain harvest, exports rising
Markets

APK-Inform sees Ukraine 2021/22 grain harvest, exports rising

  • The consultancy said in a report that the harvest could include 27.6 million tonnes of wheat, 7.97 million tonnes of barley and 35.71 million tonnes of corn. It said a higher output would allow Ukraine to increase grain exports to 54.2 million tonnes in 2021/22 season from 45.6 million tonnes in 2020/21.
Published 17 Apr, 2021 05:48pm
Britain's wheat imports set season low in February
Markets

Britain's wheat imports set season low in February

  • Wheat imports for the month totalled 94,956 tonnes, down from 106,531 tonnes in January and the lowest monthly total so far for the 2020/21 season, which runs from July to June.
  • A slowdown had been expected following the expiration of a transitional trade agreement between Britain and the European Union at the end of 2020.
Published 13 Apr, 2021 07:41pm
EU 2020/21 soft wheat exports 20.81 million tonnes by April 11
Markets

EU 2020/21 soft wheat exports 20.81 million tonnes by April 11

*That was down from 27.56 million tonnes cleared by the same week last season, the data showed. * Since Jan. 1, the European Commission's data has covered the EU's 27 countries only, whereas previous figures up to Dec. 31 covered both the EU-27 and Britain.
Published 12 Apr, 2021 09:06pm
EU wheat exports slacken as importers juggle with Russian supply
Markets

EU wheat exports slacken as importers juggle with Russian supply

  • Brisk sales of EU wheat earlier in the July-June season, including large volumes of French wheat for China and German wheat for Algeria, had fuelled talk of tight stocks after a smaller harvest last summer.
  • Russia's decision to tax wheat exports from mid-February, to help cool local prices, was then expected to bring further demand for EU wheat, but prospects have instead dimmed.
Published 09 Apr, 2021 09:04pm
Sovecon raises forecast for Russia's 2021 wheat crop
Markets

Sovecon raises forecast for Russia's 2021 wheat crop

  • Conditions in the south - Russia's largest wheat producing area - were improved by healthy precipitation, Sovecon said. Russia is one of the world's largest exporters of wheat.
  • Wheat in the southern part of Russia entered last winter in the worst shape in a decade. However, the 2021 weather was favourable for the region, and crop conditions improved dramatically in recent months.
Published 09 Apr, 2021 08:49pm
Wheat up 5-8 cents, corn up 3-5 cents, soy steady-up 2 cents
Markets

Wheat up 5-8 cents, corn up 3-5 cents, soy steady-up 2 cents

  • Benchmark CBOT May soft red winter wheat rose above its 100-day moving average for the first time since March 24 during the overnight trading session. Technical resistance was noted at the contract's 30-day moving average.
  • CBOT May soft red winter wheat was last up 5-1/2 cents at $6.34-1/4 per bushel. K.C. May hard red winter wheat was last up 5-3/4 cents at $5.82-1/4.
Published 09 Apr, 2021 07:25pm
French cereal conditions good ahead of cold spell
Markets

French cereal conditions good ahead of cold spell

  • That was well above a score of 62% a year ago, when crops had suffered from torrential rain.
  • The winter barley rating increased to 85% good/excellent from 84% the previous week while the spring barley score also gained one point, to 92%.
Published 09 Apr, 2021 05:03pm
Sovecon lowers forecast for Russian 2020/21 wheat exports by 0.2mn tonnes
Markets

Sovecon lowers forecast for Russian 2020/21 wheat exports by 0.2mn tonnes

  • Russia doubled its wheat export tax to 50 euros ($59) per tonne last month in an attempt to curb high food price inflation amid the coronavirus pandemic. The tax was at 25 euro/tonne on Feb. 15-28.
  • The current low pace of wheat exports brought the estimate down, as did the fall in export prices in March, Sovecon, one of the leading agriculture consultancies in Moscow, said in a note.
Published 02 Apr, 2021 07:55pm
Morocco grain traders see strong harvest, lower soft wheat imports
Markets

Morocco grain traders see strong harvest, lower soft wheat imports

  • The central bank has already raised its economic growth projection from earlier forecasts based on a predicted cereals harvest of 9.5 million tonnes, well up from 3.2 million tonnes last year.
  • "Cereals output is expected to exceed 10 million tonnes this season, which means less imports," he said.
Published 01 Apr, 2021 05:21pm
France's wheat exports boosted by Morocco, China buys barley
Markets

France's wheat exports boosted by Morocco, China buys barley

  • Soft wheat exports to destinations outside the EU-27 and Britain totalled 937,700 tonnes in March, the ninth month of the 2020/21 season, an initial estimate based on Refinitiv loading data showed.
  • Morocco was the leading destination, accounting for 348,400 tonnes, nearly three times the volume shipped there in February.
Published 01 Apr, 2021 05:20pm