Summary: Today, Egypt’s GASC bought 480,000 MT of wheat with most of that coming from non-Russian origins. This is GASC’s largest purchase in over 5 months. GASC did purchase two cargoes of Russian wheat, but bought another 6 cargoes from Romania, Ukraine, and France. Shipment was for Mar 15-30. The average FOB price paid today…
Highlight: The last two weeks of February trend drier/cooler South/West Europe. Northern Europe chill persists. Charts of the day: The January 2021 Europe/Western Russia climate. Discussion: West and southern Europe observed excessive precipitation in January. Ukraine and southwestern Russia also received above normal precipitation. Southeast Europe and the Black Sea region were warmer than normal.…
Highlight: Northwest Eurasia chill shifts slowly southward. Charts of the day: The January 2021 Europe/Western Russia climate. Discussion: West and southern Europe observed excessive precipitation in January. Ukraine and southwestern Russia also received above normal precipitation. Southeast Europe and the Black Sea region were warmer than normal. However several cold areas dominated including Spain/France, Norway/Sweden…
Highlight: Argentina trending drier, steadily hotter. Charts of the day: January 2021 temperature/precipitation anomalies. Discussion: The preliminary January 2021 climate analysis across South America reveals suppressed mid-summer heat for much of Argentina particularly southern sections while the anomalous hot target was northeast Brazil. Dryness was observed in south-central and northeast Brazil while wettest anomalies occurred…
Summary: Last week Brazil exported 220,000 MT of corn. Argentine exports were 418,000 MT. Ukraine shipped 319,000 MT. US exports were 1,105,000 MT. As of Jan 29, Brazil’s total corn export “commitments” for the local marketing year were 35.40 MMT vs 38.50 MMT last year. Commitments have accounted for 101.1% of projected total annual exports. Ship lineup data…
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