Category: Wheat

Volume: Algeria’s OAIC purchased about 200,000 tons of milling wheat in its May 20 tender. Pricing: Purchase prices ranged between $284 and $292 per ton on a C&F basis, with origin left flexible. Logistics: Discharge is limited to Mostaganem and/or Tenes, with delivery set for July–September 2024. Shipment Timing: Wheat from South America or Australia…

Slightly Bullish EU Wheat: Lower German wheat output year-on-year may offer modest support to European wheat prices. Bearish Black Sea Wheat: Any EU deficit could redirect demand toward competitive Black Sea feed wheat origins. Neutral to Slightly Bearish Oilseeds: Higher German rapeseed output may pressure regional oilseed and meal markets. Weather-Driven Upside Revision: Recent favorable…

Neutral corn impact: NOFI secures 68,000 tons of corn at $278.49/ton C&F with open origin, keeping Black Sea corn opportunities intact. Bearish Russian wheat: Wheat tender explicitly excludes Russian origin, curbing Black Sea wheat export potential from Russia. Tighter wheat pricing: Feed wheat bought at $292.99/ton C&F, about $14.50/ton above corn, reflecting standard feed grain…

Kazhydromet projects winter wheat yields near long-term averages across major producing regions, implying stable output expectations. Above-normal yields are forecast for Shardara and Kazygurt districts in Turkestan region, offering localized production strength. Market impact is neutral to slightly bearish for Black Sea wheat prices as average Kazakh yields reduce supply uncertainty. Traders are awaiting the…

South Korea secures 130,000 tons of feed wheat via private deals with Cofco, bypassing traditional tender procedures. Price signals around $290/ton C&F set a reference level for Asian feed wheat values with September delivery. Russian wheat explicitly excluded alongside China, Pakistan, Argentina, and Denmark, underscoring ongoing access challenges for Black Sea exporters. Neutral-to-bearish implications for…

Prices Edge Higher: Ukrainian Class 3 milling wheat rose by USD 1-3/ton week-on-week across key export hubs. Global Supply Tightening: USDA downgrades to major exporters’ wheat output supported firmer Ukrainian export bids. Farmer Selling Still Weak: Producers continue to hold stocks, viewing wheat as undervalued versus corn and waiting for better prices. Sentiment Slightly Bullish:…

Export outlook: Russia’s 2026/27 wheat export potential is preliminarily forecast at 46.5 million tons, up from 44.5 million tons in the current season. Carryover support: Larger-than-expected carryover stocks from sluggish current-season exports are set to boost next year’s export capacity. Currency impact: A weak ruble and unfavorable price conditions are constraining current export activity. Price…

Bullish: Russian wheat exports surged 60% in early May, driven by strong demand from North Africa, especially Egypt and Libya. Bearish: Turkey cut wheat imports by 38%, signaling potential demand risk or increased competition from other Black Sea suppliers. Bullish: New export channels opened for Russian corn and barley, with Iran emerging as a key…

Neutral/Bullish: Kazakhstan’s wheat reserves slipped below 10 million tons to 9.36 million tons, tightening regional supply ahead of new crop and supporting a slightly firmer price tone. Supportive: Limited feed wheat stocks at 475,000 tons may underpin regional feed grain demand, while higher barley and corn reserves provide some buffer against overall supply risks. Regional…

Progress: Kyrgyzstan has completed 90.7% of its spring wheat sowing, the fastest among major grain crops. Scale: Overall spring grain planting has reached 79% of the 519,300-hectare target, with total 2026 agricultural land at 1.25 million hectares. Conditions: Land preparation is 73,900 hectares ahead of last year, signaling favorable fieldwork and potential for higher output.…