Warm winter contributes to the improvement of winter crops, but the risk of crop failure remains high due to lack of precipitation. Experts warn about the unstable situation and possible threats to the harvest. It is important to increase the amount of rainfall to compensate for the drought.
Winter crops, Stern - Incubator
Current information on the topic Winter crops, Stern - Incubator
"Record grain sales at the exchange: 2665 tons of wheat were sold at an average price of 17921 rubles per ton."
On January 27, 2025, on Russian grain exchanges, 11 wheat contracts totaling 2665 tons were sold. The average price was 17921 rubles per ton (US$182.38 per ton).
Several deals for the delivery of wheat by various means of transport were concluded during the trading.
Rosselkhoznadzor issued a certificate for the shipment of wheat to Egypt on the Wadi Safaga vessel, as reported by "The Moscow Times".
The Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) issued a certificate for the vessel Wadi Safaga with wheat for GASC at the request from Egypt, as reported by "The Moscow Times".
In addition, TD RIF received certificates for two ships with wheat. Wadi Safaga has already departed from the port. All the information was provided by Reuters.
Grain prices update: corn on CBOT declined, wheat on CBOT and KCBT also decreased, remained steady on MGE, oats rose, rice increased.
Grain quotes on exchanges on 24.11.23: corn on CBOT decreased by 5.50 ¢ to 463.25 ¢/bsh, SRW wheat on CBOT dropped by 7.00 ¢ to 548.75 ¢/bsh, HRW wheat on KCBT decreased by 12.50 ¢ to 602.00 ¢/bsh, HRS wheat on MGE decreased by 14.00 ¢ to 696.75 ¢/bsh, oats on CBOT increased by 3.50 ¢ to 373.00 ¢/bsh, rough rice on CBOT increased by 0.27 usd/cwt to 17.57 usd/cwt.
"EPK" company plans to supply 26 million tons of grain to Iran by 2035 to increase trade turnover and food security.
Company "EPT" plans to supply 26 million tons of grain to Iran from 2024 to 2035, with the possibility of increasing the volume to 55 million tons. The agreement is signed with the Iranian company IranianEurasia.
The project aims to increase trade turnover and develop the "North-South" transportation corridor.
Construction of 350 new grain storage facilities in Algeria: increasing imports from Russia and improving food security.
Algeria is building 350 new grain storage facilities to increase grain imports, particularly from Russia. The country plans to increase its grain storage capacity from 3.4 to 9 million tons. Experts highlight the advantages of Russian grain due to its quality and price, unlike French grain, whose shipments have decreased by 85%.
Russian grain exchanges: 8 wheat selling contracts were concluded on January 17, 2025.
On January 17, 2025, on the Russian grain exchanges, 8 contracts for the sale of wheat were concluded. The total volume of sales was 2875 tons at an average price of 17887 rubles per ton.
Prices for wheat are fluctuating, TD "Reef" has stopped exports, possibly under pressure. Rosselkhoznadzor is redistributing quotas.
World wheat prices had different trends: soft wheat on CBOT rose, hard wheat on KCBT and MGE fell; corn prices increased, while rice prices dropped. Grain export quotas are being redistributed due to violations. The state fund purchased 881.6 thousand tons of grain, and the area under hard wheat will increase.
The Ministry of Industry and Trade has appealed to the Federal Antimonopoly Service (FAS) with a request for the indexing of prices for fertilizers in Russia. Here are the details and prospects of the upcoming changes.
The Ministry of Industry and Trade of Russia has contacted the Federal Antimonopoly Service of Russia with a request to index prices for fertilizers. Manufacturers have proposed a 15% price increase starting from January 2025. The "frozen" prices will be in effect until May 2025.
Grain prices on exchanges: corn on the CBOT is falling, SRW wheat is rising, HRW is also in the green, while oats and rough rice are decreasing.
Grain prices: corn on CBOT - 458.00 ¢/bsh; SRW on CBOT - 697.50 ¢/bsh; HRW on KCBT - 701.50 ¢/bsh; HRS on MGE - 738.75 ¢/bsh; oats on CBOT - 362.00 ¢/bsh; long grain rough rice on CBOT - 18.72 usd/cwt.
"Corn, wheat, and oats prices are rising, while rice prices are falling on the CBOT and KCBT exchanges, as of 01.07.24."
Grain prices on 01.07.24: corn on CBOT rose to 398.25 ¢/bsh, soft red winter wheat (SRW) - to 569.25 ¢/bsh, hard red winter wheat (HRW) - to 602.75 ¢/bsh, hard red spring wheat (HRS) - to 628.00 ¢/bsh, oats - to 316.00 ¢/bsh, rough rice on CBOT decreased to 16.95 usd/cwt.
Rosselkhoznadzor has expressed concern about the violation of restrictions on the import of Kazakh grain products.
Rosselkhoznadzor has expressed concern over the violation of temporary restrictions on the import of Kazakh wheat into Russia. Cases of grain products being imported without direct transshipment have been registered, posing a risk of spreading harmful organisms. Compliance with quarantine and phytosanitary requirements is required.