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Rapeseed and canola prices resumed rising amid light rainfall in Canada
06.08.2021
The condition of crops in Canada for the week did not worsen much due to precipitation, which turned out to be less than expected, and uneven. However, the temperature remains above normal, so prices for rapeseed and rapeseed resumed growth. The authorities of the largest Canadian provinces publish weekly reports that give the market information about the prospects for the canola and wheat harvest. In the province of Saskatchewan, which is the main producer of canola,...
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Heat wave in Russia and rain in Europe keep wheat prices from falling seasonally
06.08.2021
This year, delayed harvesting in Europe due to precipitation and restraining sales by producers due to lower harvest forecasts for Russia kept wheat prices from falling seasonally. Proserno experts lowered the forecast for the wheat harvest in Russia from 77.6 to 77.1 million tons, and earlier SovEcon reduced its estimate from 82.3 to 76.4 million tons, and Icarus – from 81.5 to 78.5 million tons. In the south of Russia and the Volga region, the heat wave is 30-35 OhC and...
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Precipitation deficits in Canada and Russia remain the main driver of grain prices
06.08.2021
Last week, weather conditions improved slightly for the development of late crops, especially soybeans and corn in the western United States and corn in the EU and Ukraine. Precipitation in Canada was less than expected. They contributed to the filling of grain, but will no longer affect the forecasts of the canola and spring wheat harvest. Next week, Saskatchewan will once again experience a drought that will further worsen the condition of canola crops and reduce wheat yields. In...
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Purchase prices for grains in Ukraine on August 6, 2021
06.08.2021
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, $ Vetch 10200 Wheat mill offals 5100 4250 Peas 7667 7167 7425 230 260 Corn 6792 11700 6295 260 240 Flax 15500 ...
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Rejected cargo: an American startup has solved one of the main problems of sea transportation
05.08.2021
Cargo transportation by sea has occupied the lion's share of the logistics services market for many years. First of all, the relatively low cost of transportation and large load capacity are attractive for businessmen. Legal entities and individuals have the opportunity to transport large batches of goods, while being sure that they are very likely to be delivered on time and without damage. Universal and reliable delivery method. However, for the senders and carriers themselves,...
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Ukraine accelerates grain export rate
05.08.2021
In the current season, grain harvesting began three weeks later than last year, which led to a delay in exports and adjustments to shipment plans. However, as the harvest intensified, grain supplies to the port accelerated, especially due to rising prices. According to the State Fiscal Service, in the 2021/22 season, as of August 4, Ukraine exported 3.3 million tons of grain and leguminous crops, which is 1.3% higher than last year's pace. Thus, compared to the...
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Lower stock wheat prices will stop the growth of prices for Black Sea wheat
05.08.2021
After rapid growth on Monday, wheat quotes on world stock exchanges remained stable on Tuesday, but yesterday they fell sharply against the background of increased sales by traders. Markets expect new USDA forecasts for wheat production in the main exporting countries-the United States, Canada, Ukraine and Russia, which will be released next week. Low customer activity against the background of a seasonal increase in offers will lead to lower prices in the near...
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The government of Ukraine plans to strengthen control over the turnover of GMO products and liability for violations
05.08.2021
The Cabinet of ministers at a meeting on August 4 approved draft laws that provide for strengthening state control over the turnover of GMO goods and the use of GMOs, as well as responsibility for violations in this industry and creating mechanisms to prevent such violations. The government believes that the adoption of these bills will create transparent rules for doing business related to GMO products, and strengthen state control in this area. The introduction of new procedures...