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Wheat prices rise to 9-month high amid USDA cut in FY2024/25 ending stocks estimate
13.05.2024
Wheat prices continue to rise against the backdrop of frosts in northern Europe and the Russian Federation, as well as a reduction in USDA experts' assessment of world wheat stocks to a 10-year low. WASDE's May supply and demand report raised the global wheat production forecast to a record high. However, increased consumption and exports in FY 2024/25 will lead to a reduction in ending stocks. In comparison with the balance for 2023/24 MR, the new wheat...
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Purchase prices for grains in Ukraine on May 10, 2024
10.05.2024
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 12500 Sugar beet pulp gran 155 Green peas 11900 Corn 7159 ↑ 24 6168 5442 ↑...
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Rainfall in the US and EU, heat in Brazil and improved weather in Argentina will weigh on grain markets next week
10.05.2024
Heavy rains in the Midwest and Central and Southern Plains of the US are delaying planting, but improving moisture reserves and crop condition amid cooler temperatures. In the south-west, the condition of wheat crops is improving, but in some regions, even after recent rains, the moisture deficit remains. Intermittent rain and normal temperatures will help seeding and crop development next week. Canada's prairies received rain this week, replenishing moisture reserves, though...
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Adverse weather delays soybean and corn harvest in Argentina
10.05.2024
The Buenos Aires Grain Exchange (BAGE) has warned that due to warm and dry weather, soybean yields will be lower than expected, so the 2023/24 FY production forecast, which currently stands at 51 million tonnes, may be lowered. In northeast Argentina, weather is delaying soybean harvest and yields are lower than forecast. As of May 8, soybeans were threshed on 47.8% of the area, which is 13% less than the 5-year average. At the same time, corn is threshed by 23.4%, as the high...
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At the tender in Egypt, the purchase price of sunflower oil increased, and soybean oil - decreased compared to previous auctions
10.05.2024
On May 9, the Egyptian GASC held an international tender for the purchase of 40,000 tons of vegetable oils with delivery on June 10-25 and June 26 - July 10 and payment within 180 days, where it planned to purchase 30,000 tons of soybean oil and 10,000 tons of sunflower oil. Compared to the previous tender on March 28, the number of offers, particularly soybean oil, increased and soybean oil offer prices decreased, while sunflower oil offer prices increased from $941-1,050/t...
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Purchase prices for grains in Ukraine on May 9, 2024
09.05.2024
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 12500 Rye grade IV 4400 Sugar beet pulp gran 155 Green peas 11900 ...
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Corn prices fall in anticipation of USDA balance sheet update
09.05.2024
Lower oil prices and high planting rates in the US are adding pressure to corn prices, but they could be supported by weather in Brazil and harvest data in Argentina. On the eve of the USDA's May balance sheet, analysts publish their own forecasts. According to them, the estimate of the corn harvest for Argentina was reduced to 52.14 million tons, and for Brazil - to 122.4 million tons, while the USDA in April estimated them at 55 million tons and 124 million tons,...
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India has extended zero duty on the import of peas until October 24, which will boost supplies from Ukraine
09.05.2024
The Indian authorities have extended the zero duty on the import of peas until October 24, which will allow Ukraine to increase the export of the new crop and get a high price. From 2020 to December 2023, Ukraine did not export peas to India, as there was a 50% duty on the import of these products. After lowering the duty rate, Ukraine supplied 44,500 tons of peas to India. Experts believe that depending on the demand and prices for peas in India, the zero duty rate...