Russian Grain Markets: 29 October – 2 November 2012 Grain Market Interventions The intervention fund put up 64,935 MT of grains for exchange trading on 6 November, including 54,135 MT of third grade wheat and 10,800 MT of fourth grade wheat. Export Update From the beginning of MY 2012/13 to 1 November 2012, Russia exported 10.3 MMT of grain, according to Pavel Skurikhin, president of the Grain Producers' Union. Specifically, there were 8.2 MMT of wheat exports, 1.4 MMT of barley exports and 514,000 MT of corn exports. Grain exports in October amounted to 2.3 MMT, which were sold mainly to Egypt, Turkey, Iran and Saudi Arabia. Geographically:
3rd grade soft milling wheat prices continued to fall in Siberia and Ural. Prices in Europ...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
