Egypt's General Authority for Supply Commodities (GASC) was back in the market on Tuesday/Wednesday, looking to buy an unspecified amount of wheat third time in a month for delivery from March 22-April 1.
At its previous tender on February 9, GASC booked 360,000 mt of wheat for delivery from March 12-22 at an average $222.08/mt (CFR), including 240,000 tonnes of Russian wheat.
Russia is a traditional supplier of wheat to Egypt. However, tightening supply and continued demand has led the Russian 12.5% protein wheat assessment to rise 4.2% since the previous tender to $203.50/mt FOB Novorossiysk, potentially opening the door to further non-Russian cargoes.
The general condition of the corn in Argentina is rated 57% poor to very poor and the soil moisture is rated 81% short to very short (see tables below).
According to UkrOliyaProm Association, Ukraine took the top position among sunoil and sunmeal producers and exporters in 2017. Ukrainian sunoil is exported to 124 countries of the world. The top foreign consumers of the product include India, China, the EU, the Near East, Africa, Asia and the CIS.