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The hryvnia is strengthening in anticipation of an increase in foreign exchange earnings from agricultural producers
30.06.2021
Weather conditions in Ukraine contribute to the formation of a good harvest of grain and oilseeds, which will support the hryvnia exchange rate against the dollar on the interbank market for the next 1-2 months. This year, the grain harvest in Ukraine will grow by 10-15% compared to last year, and prices for agricultural products on the world market are much higher. The rapeseed harvest may be slightly lower than last year, but due to a 40-50% increase in the price of it, the...
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Purchase prices for grains in Ukraine on June 30, 2021
30.06.2021
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 10000 Wheat mill offals 4475 Mustard seeds 12000 Peas 8200 8950 240 Buckwheat 20500 Rye grade IV ...
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Corn prices started the week up by 5%
29.06.2021
The deterioration of corn crops in the United States and a further decline in forecasts for grain production in Brazil again turned up corn quotes on the Chicago Stock Exchange. On Monday, July futures rose immediately by 6.3% to 2 265.7/ton, and December – by 5.2% to.215.3/ton on forecasts of a return of heat to the Plains and west of the US corn belt. However, traders began to take profits against the background of rapid speculative growth, which slightly lowered the quotes...
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Rapeseed and canola prices rise sharply on heat forecasts in Canada
29.06.2021
A U.S. Supreme Court ruling that upheld a proposal by small refineries to repeal regulations on the mandatory addition of ethanol or other biofuels brought down prices for corn and soybeans, as well as soybean oil, last week, affecting neighboring markets for vegetable oils, rapeseed and canola. However, yesterday November canola futures rose 5.4% to 780 CAD/ton, or 6 600/ton, recovering to the price level that preceded the release of the June USDA report, after which they fell in...
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The sharp deterioration of spring wheat crops in the United States continues to raise stock prices
29.06.2021
Hot weather forecasts for next week in the United States and Canada remain the main drivers of global wheat price growth. A sharp deterioration in the state of spring wheat crops in the United States led to a new jump in quotations. It is expected that in the next 7-10 days in North and South Dakota will again be dominated by heat 35-38 OhC without precipitation, which will continue to negatively affect the condition of spring crops, in particular wheat. Precipitation...
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Purchase prices for grains in Ukraine on June 29, 2021
29.06.2021
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 10000 Wheat mill offals 6350 5450 Mustard seeds 12000 Peas 8200 8950 240 Rye grade IV 4850 Corn...
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IGC experts raised their forecast for global corn production in my 2021/22 to a record 1.201 billion tons
25.06.2021
Higher production forecasts due to favorable weather in the Northern Hemisphere continue to lower corn prices on stock exchanges and physical markets. In a new report, IGC experts raised their forecast for global corn production in 2021/22 MG by 9 million tons to a record 1.201 billion tons, which is 70 million tons higher than in 2020/21 MG. However, due to an increase in the consumption forecast by 2 million tons to 1.201 billion tons, the estimate of Final reserves was increased...
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Drought in the Northern Plains and precipitation in the U.S. corn belt remain the main factors influencing prices
25.06.2021
In the regions where spring wheat is grown in the United States and corn of the Second Harvest in Brazil, dry weather continues, while in Ukraine, Russia and the US corn belt, favorable precipitation improves the prospects for the future harvest. In Brazil, the regions where safrigna corn is grown remain dry and hot weather. Due to late sowing, the harvesting rate is 5% lower than last year, and the yield decreases as the crop is harvested. According to Soybean&Corn Advisor, as...