As oil tanks, Saudi Arabia’s next effort to boost prices may be targeting US oil inventory data

Hellenic Shipping News| June 16, 2017 The unrelenting slide in crude prices is pressuring Saudi Arabia and other major oil producers, and their next tactic may be to try to reduce the highly visible U.S. oil inventories.U.S. weekly inventory data is perhaps the most frequent and visible source of oil storage data, showing U.S. inventories [...]

June 16th, 2017|International|

Japan offers to buy 162,286 tons food wheat via tend

Commodity India|June 13, 2017 Japan's Ministry of Agriculture is seeking to buy a total of 162,286 tons of food-quality wheat from the United States, Canada and Australia in a regular tender that will close late on Thursday. Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second-most important staple [...]

June 13th, 2017|International|

Russian wheat prices rise on concerns over Black Sea crops

Commodity India| June 06, 2017 Russian wheat export prices have risen for a third consecutive week due to persistent concerns over wheat crops in Russia and Ukraine to be harvested this summer, analysts said. Last week, Russia’s agriculture ministry downgraded its forecast for Russia’s 2017 grain crop to 100-105 million tonnes from a previous 110 [...]

June 6th, 2017|International|

Ukrainian wheat supplies to Egypt hit a high in April

Hellenic Shipping News| May 31, 2017 Ukraine exported 1.2 MMT of wheat in April 2017 that is down 8% year-on-year (1.3 MMT in April 2016), reports UkrAgroConsult.When compared season on season, Ukrainian wheat exports are currently up 11% against July-April 2015/16 (15.8 MMT and 14.2 MMT, respectively). Following the closure of Indian demand, Egypt was [...]

May 31st, 2017|International|

Egypt procures 2.33 mln tonnes of local wheat since start of harvest

Hellenic shipping news | May 22, 2017 Egypt, the world’s largest importer of wheat, has procured 2.33 tonnes of wheat from local farmers since its harvest began in mid-April, the supply ministry said in a statement on Sunday.The ministry said it would provide a premium to farmers of 15 Egyptian pounds ($0.83) per tonne for [...]

May 22nd, 2017|International|

Wheat firms, hits two-week high on adverse weather forecasts

Economic Times |May 22, 2017 The most active wheat futures on the Chicago Board Of Trade rose 0.9 per cent to $4.39 a bushel by 0105 GM, near the session high of $4.39-1/4 a bushel - the highest since May 8. Wheat closed up 2.2 per cent on Friday.The most active soybean futures rose 0.4 [...]

May 22nd, 2017|International|

World sugar-export surplus returns on Indian demand, EU supply

Livemint| May 09, 2017 Global sugar exports will exceed demand this season and the next as India brings in less than expected and the European Union boosts output, according to Tropical Research Services, which advises hedge funds.Exports will beat import demand every quarter through September 2018, TRS estimates. The trade-flow surplus will total 398,000 metric [...]

May 9th, 2017|International|

EU wheat prices rebound from one-week low

Hellenic Shipping News| May 07, 2017 Euronext wheat futures rose on Friday after a two-day fall stirred buying interest, while higher U.S. prices and persisting weather risks also lent support.December milling wheat on the Paris-based Euronext exchange was up 1.50 euros, or 0.9 percent, at 173.00 euros a tonne by 1630 GMT, recovering from a [...]

May 7th, 2017|International|

Russian exporters shipped 1.8 MMT of wheat to Bangladesh

Hellenic Shipping News| May 06, 2017 Russia exported 2925 KMT of wheat in March 2017 – a record volume for this month. It is up 61% from the previous high of 1812 KMT hit in March 2016, UkrAgroConsult notes.Expectedly, the top March importer of Russian wheat was Egypt. Russia supplied 1055 KMT (36%) of wheat [...]

May 6th, 2017|International|

Brazil soy sales at 50 pct of crop vs 67 pct last year – Safras

Hellenic Shipping News| May 06, 2017 Brazilian soy farmers had sold only half of the record 2016/17 crop by Friday, compared to 67 percent sold at this time last year and a 5-year average of 65 percent of sales, independent consultancy Safras & Mercado said.Brazilian soybean producers have been hoarding their crop waiting for better [...]

May 6th, 2017|International|