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GRAINS-Ukrainian export woes support US grain markets

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Band Christopher Walljasper

CHICAGO, April 4 (Reuters)U.S. wheat, soybeans and maize rose on Monday, buoyed by the disruption of Black Sea grain supplies as the conflict in Ukraine continues, as attention shifts to U.S. production.

Chicago Board of Trade’s Most Active Wheat Wv1ended on 25-3/4 pennies higher at $10.10-1/4 a bushel.

Soy Sv1 added 19-1/2 cents to $16.02-1/4 a bushelwhile corn CV1 strengthened 15-1/2 cents to $7.50-1/2 a bushel.

Ukraine’s grain exports in March were four times lower than February levels due to the Russian invasion, Ukraine’s economy ministry said. as exporters seek ways to ship grain by rail as seaports remain blocked by Russian forces

“It’s a multi-year event, no matter who controls the field,” said Chuck Shelby, president of Risk Management Commodities. reality returned this morning in all raw materials.”

US Private Exporters reported selling 1.084 million tonnes of maize to China – 676,000 tonnes for delivery in the 2021/22 marketing year and 408,000 tonnes for delivery in 2022/23, the US department said. of Agriculture.

“We haven’t seen one this big in, I don’t know how long,” said Joe Vaclavik, president of Standard Grain. “More than half of this sale is corn which they intend to take delivery of before the end of August.”

Additionally, 1.53 million tons corn have been inspected for export, the week ended March 31, near the high end of analysts’ expectations.

United States Soybean Shipments out of 737.372 tons were in in line with analysts’ forecasts. Wheat shippers saw 297,341 tonnes inspected, near the lower end of analyst projections.EXP/SOYAEXP/WHE

you.S. farmers planted 2% of planned acres and 3% of acres of spring wheat as of Sunday, April 3, the USDA said, in line with analysts’ forecasts.

the you.S. The winter wheat crop was rated as good to excellent by 30%, down 13 points from a year ago and ten points below analysts’ expectations.

“Until the market is convinced that we’re going to have a really good crop, I think you’ll see a premium put on that market,” Shelby said.

(Reporting by Christopher Walljasper; additional reporting by Michael Hogan in Hamburg and Enrico Dela Cruz in Manila Editing by Marguerita Choy)

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