April 25th 2024
Soya bean harvest 2023-2024
National Holidays:
May 01st, Labor Day
Grains and Markets:
Iran’s SLAL has bought one Panamax of soya bean meal on June-July dates, origin unreported, but likely from Argentina.
Tunisians are in the market for a Supramax of soya beans during May.
Nigerians are looking for a Handy-Supramax full of wheat in July.
Jordan will be tendering for a full Supramax of wheat on August dates.
Soya bean harvest 2023-2024:
The harvest of soya beans is about to commence in earnest during the coming week.
There have been some delays in the initial harvesting due to rain, but drier weather is forecast for the coming week.
The Rosario and the Buenos Aires Grains Exchanges are estimating a total volume of 51,000,000 tons.
Sales of soya beans by farmers are still at a slower pace than is usual for this stage of the harvest.
Prices, locally, remains depressed, with Brazil’s plentiful crop already lifted is in the market.
All this encourages to hedge the sale of the beans.
STS BUNKER AT ZONA COMUN FOR NEXT DAYS:
As always, the STS operation is up to the discretion of the Masters of the vessels involved.
Will keep you posted.
Best regards,
Antares Servicios Maritimos S.A.
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