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Egyptian GASC cancels tender for wheat purchase due to high prices
16.06.2021
The state-owned Egyptian operator GASC yesterday announced the refusal to hold a tender for the purchase of flour-milling wheat of any origin for delivery on August 21-31, 2021, which was supposed to take place today. Although there was no official explanation, traders believe that the reason is a sharp rise in the price of sea freight rates, which have almost doubled since the previous tender. It was also expected that against the background of a decline in World...
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Oil continues to rise in price on expectations of a recovery in demand
16.06.2021
On Monday, oil prices rose 2% on forecasts of increased demand and doubts about an increase in production by Iran in the near future. August Brent crude futures on the London ICE Futures Exchange yesterday rose to the highest level since August 2019 – 7 74.6/barrel, and July WTI crude futures on electronic trading in the New York NYMEX reached 7 72.7/barrel, which is the highest since October 2018. Traders hope for a rapid recovery in oil demand in developed...
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Purchase prices for grains in Ukraine on June 16, 2021
16.06.2021
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, $ Wheat mill offals 5300 Peas 8200 252 Sugar beet pulp gran 9500 Corn 8270 7909 6946 265 253 248 ↑ 13 Flax 18000 Chick-peas...
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Corn prices fell by 4% on crop growth forecasts
15.06.2021
Yesterday, quotes for major agricultural products fell on world stock exchanges under the pressure of approaching harvesting and improving production prospects. The leader of the fall was corn futures in Chicago, the decline of which accelerated after the publication of the June balance sheet of the USDA. July futures fell 4% to 2 259.4/ton, while December futures fell 5.15% to.228.7/ton. The main factors of pressure on prices remain high rates of sowing in the United...
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Falling vegetable oil markets lower prices for oilseeds in Ukraine
15.06.2021
Reduced demand for vegetable oils and a possible reduction in the use of soybean oil for biodiesel in the United States yesterday brought down stock prices and increased pressure on the rapeseed, soybean and sunflower markets. On the Malaysian stock exchange yesterday, August palm oil futures fell 8.5% to their lowest level since February of 3,375 ringgit/ton, or 8 820/ton, on forecasts for increased production and inventories due to reduced exports. The total monthly drop was...
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Lower corn prices have increased pressure on wheat prices
15.06.2021
Rumors about the US government's intentions to change its policy on the biofuel industry yesterday brought down the prices of corn and soybeans on the Chicago Stock Exchange, which increased pressure on the wheat market, which at the same time received support from data on the deterioration of crops in the United States. At the beginning of the session, wheat prices fell on data on wheat exports from the United States, which for the first 10 days of the 2021/22 season amounted...
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Purchase prices for grains in Ukraine on June 15, 2021
15.06.2021
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, $ Wheat mill offals 5300 Peas 8200 252 Buckwheat 22000 Sugar beet pulp gran 9500 Corn 8270 ↓ 105 7909 ↓ 142 6946...
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Sunflower prices continue to fall despite unchanged production forecasts
14.06.2021
In the June report, USDA experts left the forecast for global sunflower production at 54.92 million tons, which is 10% or 5.2 million tons higher than the 49.72 million tons collected in my 2020/21. However, more optimistic forecasts of local analysts increase pressure on the prices of sunflower oil from the new crop. According to the forecast, in the 2021/22 season, global production of sunflower meal will grow by 10% or 1.96 million tons from 20.6 to 22.56 million tons compared...