Grains Market Clipps 7.23.2021

Middle East and North African wheat discharges usually fall in June and July, before rebounding sharply in August. That pattern has held again this year, with 908,865 Mt offloaded so far this month. That is equal to a rate of 41,158 Mt/d, and is down from 38,870 Mt/d discharged in June. It is also slightly …

Grains Market Clipps 7.20.2021

Corn and soybean prices on the CBOT have steadied at higher levels in the last couple days, as signs of improving US crops took some steam out of recent rallies. Corn ratings were generally higher across Indiana, Illinois and Pennsylvania, while soybeans improved in Illinois, Kansas and Nebraska. If this translates into higher exports later …

Grains Market Clipps 7.16.2021

Ukrainian wheat exports are currently on a pace of 12,983 Mt/d this month, which is down a sharp 61% from June’s 33,621 Mt/d. The decline is counter to the trend in each of the last two years, where exports rose by nearly 800%. Russian exports show a similar trend, with this month’s loadings down 61% …

Grains Market Clipps 7.13.2021

Following a US corn planting season that progressed faster-than-normal, the development of the crop has lost some ground recently. Only around 26% of the crop is silking, which is below the five-year average of 30%. The corn condition shows 65% good-to-excellent compared to 69% a year ago. The next worry for the market is drought …

Grains Market Clipps 7.7.2021

Soybean exports from Brazil fell to 255,113 Mt/d in June from 398,945 Mt/d in May. Both levels were sharply below the same periods a year earlier, with exports in June 2020 at 411,596 Mt/d. Some farmers were said to be holding back exports while awaiting higher prices, but prices have been sideways or lower since …

Grains Market Clipps 6.28.2021

US corn loadings are 50% lower so far this month than in May, and currently at 106,521 Mt/d. Loadings normally decline after a peak sometime between March and May, as the new crop is planted and developed. This month’s drop is slightly larger than average, with June loadings falling 14% in 2020, 56% in 2019 …

Grains Market Clipps 6.24.2021

Russian wheat exports are up sharply so far this month, at 49,193 Mt/d. Volumes are increasing on the prospect of an improving crop and better weather conditions. Russian exports were 8,540 Mt/d in the same month a year ago and 15,779 Mt/d in June 2019. Meanwhile, the US wheat crop condition is deteriorating, with 49% …

Grains Market Clipps 6.23.2021

Brazilian soybean loadings are 316,814 Mt/d so far this month, down from 391,891 Mt/d in May and 411,596 a year ago. Some farmers are holding back stocks, which is hampering exports and causing some crushers to import beans. Brazilian imports this month stand at 2,400 Mt/d, and are the first since February. Less than favorable …

Grains Market Clipps 6.16.2021

Russian wheat export prices have fallen slightly recently, based on an improved outlook for the upcoming harvest. That could help to boost the normal surge in wheat loadings, which usually takes place in July. Russian loadings are 11,191 Mt/d so far this month, which is up from 6,575 Mt/d in May. Last year, loadings surged …

Grains Market Clipps 6.15.2021

At the half-way point of the month, wheat discharges in the Middle East and North Africa regions are 39,154 Mt/d so far, which is -10% from a year ago. Egypt offloaded 9,674 Mt/d to date, which is down from 15,408 Mt/d in June last year. Some countries are discharging more than last year, however, including …