World Grain - November 2021 - 48

FEATURE: RIDING THE BULL
" Milling rye prices in the EU (Germany) gained
about $4 m/m, to $216 fob, while feed values edged
modestly lower, to $202, " the Council said. " Milling
rye prices at inland terminals in Russia were lifted
by gains in other grains, adding $19, to $166. "
Rice, in contrast to other types of grain, was at
multi-year lows in August, according to the IGC, but
rose slightly in September on " a mild improvement
in trading activities. "
The IGC said international prices had changed
little in the month leading up to its Sept. 23 report.
" White rice quotations in Thailand ticked lower,
5% broken falling by $9, to $379 fob Bangkok, as
traders looked to attract fresh demand, with currency
movements also weighing at times, " the IGC said.
" In contrast, Vietnamese offers advanced by $29, to
$420 fob Ho Chi Minh, as COVID-linked movement
restrictions added to internal logistical costs.
" Indian white rice export prices decreased slightly
under increased competition from Thailand, while
tightening supplies ahead of new crop arrivals underpinned
in Pakistan. "
In oilseeds, soybeans were broadly unchanged " as
steady to firmer quotations at South American origins
contrasted with a modest decline in the US, " the IGC
said. " Chicago soybean futures (November position)
48
retreated by 3% in sometimes volatile activity. "
While prospects for continued tight US supplies
remained supportive, prices were weighed by export
demand concerns, the IGC said.
" This was partly linked to the impact of Hurricane
Ida on elevators and Gulf ports, which saw China
shift a portion of its nearby needs to Brazilian supplies, "
the IGC said. " Movements in canola, vegetable
oils and external markets were also influential
at times. More recently, improved conditions for US
harvesting lightly pressured, as did broader worries
about the world economy. "
Rapeseed prices have been strong, particularly
in Europe, where supplies are tight, but the IGC
noted that " in two-sided, sometimes volatile activity,
ICE canola spot futures in Canada declined by
5% m/m, as fundamentals support was countered
by light seasonal harvest pressure, with movements
in external markets and other oilseeds and products
also influential. "
Chris Lyddon is World Grain's European correspondent.
He may be contacted at: cajlyddon@gmail.com
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World Grain - November 2021

Table of Contents for the Digital Edition of World Grain - November 2021

World Grain - November 2021 - Intro
World Grain - November 2021 - 1
World Grain - November 2021 - 2
World Grain - November 2021 - 3
World Grain - November 2021 - 4
World Grain - November 2021 - 5
World Grain - November 2021 - 6
World Grain - November 2021 - 7
World Grain - November 2021 - 8
World Grain - November 2021 - 9
World Grain - November 2021 - 10
World Grain - November 2021 - 11
World Grain - November 2021 - 12
World Grain - November 2021 - 13
World Grain - November 2021 - 14
World Grain - November 2021 - 15
World Grain - November 2021 - 16
World Grain - November 2021 - 17
World Grain - November 2021 - 18
World Grain - November 2021 - 19
World Grain - November 2021 - 20
World Grain - November 2021 - 21
World Grain - November 2021 - 22
World Grain - November 2021 - 23
World Grain - November 2021 - 24
World Grain - November 2021 - 25
World Grain - November 2021 - 26
World Grain - November 2021 - 27
World Grain - November 2021 - 28
World Grain - November 2021 - 29
World Grain - November 2021 - 30
World Grain - November 2021 - 31
World Grain - November 2021 - 32
World Grain - November 2021 - 33
World Grain - November 2021 - 34
World Grain - November 2021 - 35
World Grain - November 2021 - 36
World Grain - November 2021 - 37
World Grain - November 2021 - 38
World Grain - November 2021 - 39
World Grain - November 2021 - 40
World Grain - November 2021 - 41
World Grain - November 2021 - 42
World Grain - November 2021 - 43
World Grain - November 2021 - 44
World Grain - November 2021 - 45
World Grain - November 2021 - 46
World Grain - November 2021 - 47
World Grain - November 2021 - 48
World Grain - November 2021 - 49
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