World Grain - November 2009 - 29

FEATURE: GLOBAL GRAIN TRADE REVIEW

ket focus shifts to what is likely to be significantly lower world wheat plantings
and a tightening balance sheet in 201011, albeit from reasonably comfortable
stock levels," they said. "For now, this
scenario is beyond the market's focus,
and the near-term fundamentals do not
encourage bullish optimism."
The other issue with grain stocks is
where they are. As the IGC pointed out

when discussing the 2009-10 closing
stocks figure in its Grain Market Report
at the end of September, "Larger stocks
in China and India account for most of
the rise from last season's 163 million
tonnes." Stocks in the five major exporters are set to rise to 47 million tonnes,
just 2 million up on their closing figure
for 2008-09.
A report published by Rabobank on

Oct. 9 highlighted the effects of currency, particularly the relative weakness of
the U.S. dollar. "Recent exchange rate
volatility has changed the playing field
for the world's major wheat exporters
in the 2009-10 season," it said. "Uncompetitive in the global wheat export
market for much of the 2008-09 season, the U.S. is now beginning to look
(Continued on page 32)

Global grain trade activity
Marketing years as indicated (in 1,000 tonnes)
WHEAT

SOYBEANS

BARLEY

2008-09
Top exporters:
1. United States ......................................27,637
2. E.U.-27 ...............................................24,500
3. Canada ..............................................18,500
4. Russia ................................................18,393
5. Australia .............................................14,000
World Total: ...........................138,821 (+18%)

2008-09
Top exporters:
1. United States .....................................34,836
2. Brazil ..................................................29,350
3. Argentina .............................................5,965
4. Paraguay ..............................................2,300
5. Canada ................................................1,975
World Total: ................................76,324 (-4%)

2008-09
Top exporters:
1. Ukraine ................................................6,371
2. E.U.-27 .................................................3,500
2. Australia ...............................................3,500
4. Russia ..................................................3,444
5. Canada ................................................1,600
World Total:..............................19,974 (+29%)

Top importers:
1. Egypt....................................................9,900
2. E.U.-27 .................................................7,300
3. Iran ......................................................6,700
4. Algeria..................................................6,100
5. Brazil ....................................................6,000

Top importers:
1. China .................................................39,800
2. E.U.-27 ...............................................12,800
3. Japan ...................................................3,450
4. Mexico .................................................3,100
5. Taiwan..................................................1,830

Top importers:
1. Saudi Arabia .........................................7,600
2. Iran ......................................................1,900
3. Syria .....................................................1,700
4. China ...................................................1,400
4. Japan ...................................................1,400

FLOUR

SOYBEAN MEAL

SORGHUM

2008-09 (estimated 7/30/09)
(1,000 tonnes, wheat equivalent)
Top exporters:
1. Kazakhstan...........................................2,600
2. Turkey ...................................................2,000
3. E.U.-27 .................................................1,450
4. Argentina .............................................1,200
5. Russia .....................................................665

2008-09
Top exporters:
1. Argentina ...........................................25,000
2. Brazil ..................................................12,772
3. United States ........................................7,983
4. India.....................................................3,150
5. Paraguay ..............................................1,167
World Total: .................................52,988 (-5%)

2008-09
Top exporters:
1. United States ........................................3,683
2. Australia ..................................................750
3. Argentina ................................................700
World Total:..................................5,468 (-44%)

Top importers:
1. Uzbekistan ...........................................1,225
2. Afghanistan ..........................................1,100
3. Libya .......................................................900
4. Brazil .......................................................850
5. Iraq .........................................................840
World Total: .............................11,975 (+1.1%)

Top importers:
1. E.U.-27 ...............................................22,150
2. Indonesia .............................................2,450
3. Vietnam................................................2,300
4. Thailand ...............................................2,100
5. South Korea..........................................1,850
RICE

MAIZE
2008-09
Top exporters:
1. United States ......................................46,992
2. Brazil ....................................................7,500
3. Argentina .............................................7,000
4. Ukraine ................................................4,500
5. South Africa ..........................................2,500
World Total:...............................78,764 (-20%)
Top importers:
1. Japan .................................................16,500
2. Mexico .................................................7,400
3. South Korea..........................................7,000
4. Taiwan..................................................4,600
5. Egypt....................................................4,200

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2008-09
Top exporters:
1. Thailand ...............................................8,500
2. Vietnam................................................5,700
3. United States ........................................3,010
4. Pakistan ...............................................3,000
5. India.....................................................2,000
World Total: ................................28,079 (-9%)
Top importers:
1. Philippines ............................................2,300
2. Iran ......................................................1,700
3. Nigeria .................................................1,600
4. Saudi Arabia .........................................1,360
5. E.U.-27 .................................................1,200

Top importers:
1. Mexico .................................................2,500
2. Japan ...................................................1,500
3. E.U.-27 ....................................................350
4. China ......................................................300
4. Sudan......................................................300
RAPESEED
2008-09
Top exporters:
1. Canada ................................................7,600
2. Ukraine ................................................2,637
3. Australia ...............................................1,150
4. Belarus ....................................................350
5. United States ...........................................191
World Total:...............................12,111 (+47%)
Top importers:
1. E.U. ......................................................3,342
2. China ...................................................2,700
3. Japan ...................................................2,150
4. Mexico .................................................1,486
5. United States ...........................................825
Source: International Grains Council, London; United States
Department of Agriculture's Foreign Agricultural Service,
Washington, D.C.

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World Grain - November 2009

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