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Urea prices fell to 10-month lows and will continue to fall in line with gas prices
15.05.2024
June natural gas futures on New York's Nymex have surged 23% to a 3.5-month high on the back of escalation in the Middle East and cold weather in the U.S. since early May, but were down 1.55% yesterday ( -37% per year) due to rising temperatures and increasing production. Gas prices at the TTF hub (Netherlands) against the background of a warm winter in Europe during January-February of this year fell by 43% to a 3.5-year low, slightly recovered in March, and from April 1 to 16...
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Purchase prices for grains in Ukraine on May 14, 2024
14.05.2024
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3200 Peas 13000 Sugar beet pulp gran 155 Corn 7304 ↑ 9 6234 ↓ 6 5495 ↑ 83 165 180 139 ↑ 2 228 ↓ 6...
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USDA raised forecast for global vegetable oil production and consumption in 2024/25, but lowered stock estimate, supporting quotes
14.05.2024
In a May report, USDA experts released the first balance of vegetable oils for 2024/25 MR, where compared to the previous season, they increased the forecast of world production by 2% and consumption by 3%, but lowered the estimate of ending stocks by 6%, which supported the quotation of soybean oil . According to the forecast, the world production of vegetable oils in 2024/25 FY will grow to 228.28 million tons (223.8 million tons in 2023/24 FY, 218.33 million tons in 2022/23 FY...
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Freezes and a decrease in the harvest forecast in the Russian Federation accelerate the rise in wheat prices, in particular in Ukraine
14.05.2024
Speculative growth in wheat prices continues on world exchanges, which increased by 14.6-21% during the month against the background of frosts in the EU and the Russian Federation and the USDA's projected reduction in global stocks in 2024/25 MR. Frosts up to -3...-8 o C slightly damaged spring wheat crops in the Voronezh and Kursk regions and became a speculative factor supporting prices, as did the recent frosts in the north of Europe, which damaged rapeseed crops, although...
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The cold weather did not damage crops in Ukraine, and sowing rates remain high
14.05.2024
As of May 10, 4.3202 million hectares of grain and leguminous crops were sown on the territory controlled by Ukraine, in particular: corn - 2.838 million hectares; barley - 779.9 thousand hectares; wheat - 244.9 thousand ha; peas - 161.6 thousand ha; oats - 165 thousand hectares; millet - 28.5 thousand ha; buckwheat - 14.8 thousand ha. In addition, already sown: sunflower 3.9637 million hectares, soybean - 1.2013 million hectares, sugar beets - 250.1...
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Purchase prices for grains in Ukraine on May 13, 2024
13.05.2024
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3200 Peas 13000 Sugar beet pulp gran 155 Corn 7267 ↑ 52 6240 ↑ 19 5395 ↑ 55 164 ↓ 3 170 137 228 ↓ 6...
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Soybean prices rose, despite USDA experts increasing forecasts of soybean production and stocks in FY 2024/25
13.05.2024
The new 2024/25 soybean balance sheet, released in WASDE's May supply and demand report, sharply raised forecasts for global soybean production, consumption, exports and stocks. But this did not lead to a drop in prices, as traders took into account the rise in wheat prices and a decrease in the forecast of soybean stocks in FY 2023/24 by 2.44 to 111.78 million tons due to an increase in the consumption forecast by 2.45 to 383.5 million At the same time, analysts estimated reserves at...
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USDA experts downgraded the forecast of corn stocks in the current and next season supported the quotation
13.05.2024
The new 2024/25 maize balance sheet, released in WASDE's May supply and demand report, lowered forecasts for world production, exports and stocks, but raised estimates for consumption, leading to higher quotes. At the same time, pressure on prices reinforced the reduction of forecasts for the 2023/24 FY corn harvest for Brazil by 2 to 122 million tonnes and Argentina by 2 to 53 million tonnes, while traders expected a larger adjustment. In comparison with the...