ZMP / VR-Agrar wheat • Exporters today expect the result of a tender for 750,000 tons of wheat for Saudi Arabia . German traders have justified hopes here. • The United States Department of Agriculture (USDA) expects Russia to remain the world's largest wheat exporter for the third year in a row. The USDA also assumes that Russian wheat production will increase by 1.9 million tons to 73.5 million tons. • The USDA estimates the American wheat harvest for 2020/21 at 1.836 billion bushels, the lowest since the 2006/07 fiscal year. As a result, the US wheat stocks will also decrease. Corn • The US export figures released on Friday show sales of 1.25 million tons of corn, a significant increase compared to the previous week, but overall exports are more than 50% lower than in the previous year. • The USDA expects more demand from increasing ethanol production in the United States .Oilseeds • Rapeseed meal on the spot markets will fall slightly in price for later dates from May 2020. Soybean meal, on the other hand, is traded more firmly in Hamburg. • Soybean receives from the USDA's assessment that due to a lower harvest, the final stocks will decrease significantly and could reach the lowest value in four years at the end of the 2020/21 marketing year.
Source
ZMP/VR-Agrarberatung
