Monday saw US markets shut, other markets were little changed.
MATIF wheat March 2023 contract down €1.25/t to €287.50/t;- Winnipeg canola March 2023 contract up C$0.90/t to $840.90/t;
- MATIF rapeseed February 2023 contract down €3/t to €563.75/t;
- ASX Mar 2023 wheat contract up A$2/t to $376/t;
- ASX Mar 2023 barley contract unchanged at A$315/t;
- AUD dollar eased to US$0.695.
International
The quality of Ukraine’s corn crop has been hit by poor weather conditions, Agriculture Minister Mykola Solskyi said on Monday. “It is much worse this year, because… we have entered into a lengthy, stretched winter harvest, which is rather difficult,” Solskyi told a news conference. “There are large swings in temperature, which… is firstly difficult for farmers to work in, secondly it harms quality.” Estimating potential losses due to the weather, he said: “Depending on the farmer, it might be a loss from a few percent to 10 or 15pc.”
Ukraine’s Ag. Ministry reports that as at 11 Jan, cumulative 2022-23 (Jul/Jun) grain exports totalled 24.1Mt (33.8Mt previous year), including wheat at 8.7Mt (16.2Mt previous year), barley at 1.7Mt (5.3Mt previous year) and maize at 13.5Mt (11.9Mt previous year).
Russia’s 2022 grain crop reached 153.8Mt, including 104.43Mt wheat, Interfax reported, citing the state statistics agency Rosstat.
Algeria’s OAIC (state grains agency) seeks 50,000t milling wheat from optional origins in international tender for March shipment.
Australia
Local markets started off the week a touch firmer through trade markets and relatively unchanged through the grower cash market. As harvest across the country is nearing the finish line, grain continues to flow and dribble into the market to keep buyers happy for their short term needs.
Graincorp received 438 000 tonnes this week taking the total to 10.8Mt. The update noted that harvest activity is now mostly complete in Qld and NSW, though receivals are expected to trickle in for another few weeks. Harvest activity continues steadily across all regions of Vic, particularly around the Wimmera, Central, southern Mallee and north east regions. Record receivals have been recorded in Natimuk and Nhill, in the Wimmera, and at Donald, in the southern Mallee.
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