October 16th – Grains and Markets

October 16th 2022

Grains and Markets

National Holidays:Friday, Sunday, November 20th and Monday November 21st, Long Weekend

Grains and Markets:

Guatemala is looking for a handymax of maize on February dates.
Egypt is in the market for one or two Panamaxes of maize on December dates.
Taiwan is also looking for maize, but this will be most likely sourced from PNW.

Soyabeans 2022-2023:

The sowing of the coming 2022-2023 soyabean harvest will be commencing within 1 or 2 weeks.
The forecasts this far indicate a return to a larger volume of soyabeans than maize. The last two harvests have seen farmers sowing and harvesting more maize than soyabeans as a reaction to heavier export duties of the beans. The better prices that had been paid for the beans have reversed this and they intend to return to the previous patter. It is still early days to quantify the amount that may result. This crop, like all agriproducts, is subject to the ongoing drought that has affected the area for the last three years.
Hope is still maintained that the La Niña may be over.

Biodiesel exports:

Biodiesel exports from Argentina are growing again. The recorded figure until August was 913,000 tons.
Biodiesel is produced in Argentina from two principal sources. Soyabeans/soyabean oil are the principal source with maize (methanol) coming a close second. There is also a small proportion of methanol produced from sugar cane but the quantities are marginal. Most of the sugar cane methanol is consumed locally mixed into diesel/gasoil.
Biodiesel exports are recovering after the Trump Administration in the US slapped hefty import duties and smothered this booming trade.
Reported destination for biodiesel from Argentina are basically EU with also a variety of other destinations. But not a large proportion to any in particular.
The main production and shipping area is Upriver.

Weather the rest of the week. Bunker deliveries at Zona Comun:

Strong gusts are expected Monday 17th at night. Other than that no interruptions are expected.

As always, the STS operation is up to the discretion of the Master’s of the vessels involved.

Will keep you posted.
Best regards,
Antares Servicios Maritimos S.A.

For more information

Local News