Countries with falling wheat prices are busy purchasing, and another country has approved the import of genetically modified wheat.

Collect daily grain and oil to understand the global grain market dynamics.

Today is July 2, 20221. Today's content is mainly as follows:

International market:

Since the beginning of this week, major grain importing countries are still increasing their purchases of cereals such as wheat.

The latest news shows that Bangladesh has recently purchased 50,000 tons of wheat through bidding, and the CNF price is $448.38 per ton. Pakistan issued a tender announcement for 200,000 tons of wheat while purchasing 300,000 tons of wheat; Egypt, on the other hand, bought 640,000 tons of wheat from Russia, Germany and Lithuania through bidding, and the estimated price is between 403 and 405 dollars.

In addition, Algeria officially approved the import of HB4 wheat this week.

It is reported that this kind of wheat is currently grown commercially in Argentina, and Brazil, Colombia, Australia and New Zealand have allowed the use of this grain in food and feed.

The expected Ukrainian wheat export still needs to wait.

It is reported that the recent high temperature weather in Europe has threatened the local wheat production.

Elsewhere, the U.S. government plans to remove Nicaragua from the list of countries eligible to export sugar to the United States at low tariffs, and increase the pressure on the government of President DanielOrtega.

The United States believes that Nicaraguan President Ortega has close ties with Russia.

Domestic market:

Recently, China announced the details of China's grain imports in the first half of the year. Preliminary statistics show that the United States became the largest source country of China's grain imports in the first half of the year.

According to the data of various varieties, Brazilian soybeans exported the most to China in the first half of this year, but since June, the purchase of American soybeans by China buyers has increased out of season, because under normal circumstances, June is the peak season for Brazilian soybeans.

The data shows that in June, China imported 7.24 million tons of soybeans from Brazil, a decrease of 30.9% compared with 6.5438+0.048 million tons in the same period last year. We imported 773 1 14 tons of soybeans from the United States, which was 13. 1 1 times higher than that of 54,806 tons in the same month last year.

According to the analysis, the unfavorable weather in Brazil this year led to the reduction of soybean production, the increase of port basis quotation, and the influence of sea freight, which weakened the competitiveness of South American soybeans.

However, on the whole, China's soybean imports in June still decreased by 23% year-on-year, mainly due to the sluggish demand for breeding and low corporate profits.

In addition, recently, state-owned enterprises have been increasing their purchases of new season soybeans in the United States to supplement the auction of imported soybeans.

In the past two days, China purchased more than 800,000 tons of American soybeans in 2022/23.

Especially in the first half of this year, the United States is the largest source country of non-GMO soybeans in China, with the import volume reaching 494,600 tons, followed by Russian, with about 300,000 tons, and Benin from Africa, with the import volume reaching 6,543,800 tons.

In the wheat market, Australia became the largest source country of China's wheat imports in the first half of the year, followed by France, the United States and Canada, especially the United States, with zero imports by the end of June.

The corn import market is still dominated by the United States and Ukraine, but the total corn import in Ukraine has dropped to about 80,000 tons in June.

In the rice import market, India is the largest import source, with a total import volume of 6.5438+0.22 million tons, of which the number of broken rice is about 6.5438+0.02 million tons, and Pakistan is the second largest rice importer with 960,000 tons, but a considerable amount of rice is broken rice.

These broken rice are mainly used to replace corn in feed field.

In the first half of the year, seven countries including the United States exported 73,455,400 tons of grain to China, accounting for 92% of China's total grain imports in the first half of the year.

According to the statistics of sugar import in China in the first half of this year, the cumulative import of sugar in the first half of this year was 1.76 million tons, a decrease of 13. 1% compared with the same period last year.

In June, India became the largest source country with 60,000 tons, which surged by 6.55.18% year-on-year, while Brazil imported 54,300 tons of sugar, which decreased by 84.62% year-on-year.

It is worth noting that in May this year, India announced that it would limit its sugar export to 6,543,800 tons, which supported the international sugar price.

At present, with the global sugar price back above 19 cents, India is considering issuing an additional export quota of 100 to10.2 million tons of sugar.

In other aspects, after China and China reached an agreement on corn import, the General Administration of Customs of recently issued the Announcement on Inspection and Quarantine Requirements for Imported Brazilian Peanuts.