Markets focus on rain and exports

[CRM AgriCommodities]

Markets focus on rain and exports Wheat / Barley Algeria's OAIC purchased ~700KT of milling wheat at ~$275, reflecting a rally in international markets, the reported prices were much higher than the previous tender. Weekly US net sales of 367.5KT for 2020/2021 were down 31% from the previous week and 23% from the prior 4-week average. Exports of 192.1KT were down 62% from the previous week and 67% from the prior 4-week average. More rainfall is being forecast for Russia and into the US. However, additional rainfall will be required for soil moisture to be replenished. Corn / Maize Weekly US net sales of 1.832MT for 2020/2021 were up noticeably from the previous week and up 21% from the prior 4-week average. Exports of 898KT were up 10% from the previous week and 7% from the prior 4-week average. Exports of 2.517MT were up 8% from the previous week and 49% from the prior 4-week average. Oilseeds & Oil Weekly US net sales of 2.226MT for 2020/2021 were down 14% from the previous week and 18% from the prior 4-week average. Exports of 2.517MT were up 8% from the previous week and 49% from the prior 4-week average. Latest insights and opinions Barley and Malting Barley Strategies EU Rapeseed Market Outlook Weekly Market Opinions Brexit and Wheat Prices - Analysing the Risks and Rewards All Research and Opinions Click here for a Graintab Trial​ ​ ​ ​ Signup to Graintab - All CRM Agri Members have access, get in touch if you require credentials.