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The agreed production cuts will not increase the price of oil, but only to keep it from falling
13.04.2020
OPEC Countries agree to cut oil production to 9.7 million barrels/day. The negotiations, which lasted for 10 hours on Thursday and continued into the weekend for the first time in history joined US, which thanks to the shale revolution have become one of the world's largest oil producers. However, the production cuts will not rescue the oil price, because of the lack of demand in the world market oil reserves continue to grow. Virus Covid -19 distributed by the planet. Already...
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The decrease in imports and stable exports of agricultural products to support the hryvnia
13.04.2020
As experts predicted last week, immediately after the disappearance of the speculative demand for currency, the hryvnia stabilized at 27 UAH/$, and the NBU to keep the hryvnia from a sharp appreciation had to buy on the interbank market 327,7 million $. In the 1st quarter of 2020 in comparison with the previous quarter, Ukraine reduced the import of goods by 20% to 13,425 $ billion (2% less than in Q1 2019), and exports by 5.5% to 12,253 billion $ (the same as last year). The...
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Purchase prices for grains in Ukraine on April 13, 2020
13.04.2020
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 10500 8619 ↑ 5719 Wheat mill offals 3300 Mustard seeds 12500 12000 Peas 6675 5850 6438 240 Buckwheat 13000 ...
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Experts the USDA lowered the forecast of soybean production in Brazil and Argentina
10.04.2020
If in the March report, the experts, the USDA has dramatically increased the forecasts of world production and reserves of soybeans, in April the balance had to be reduced due to reduced production in Brazil and Argentina, as well as increasing imports by China. compared To the March report from the global initial stocks were reduced 1 million tons to 110,8 million tons, the forecast of world production is 3.68 million tonnes to 338,08 mln t, and ending stocks by 2 million tonnes...
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Despite bearish USDA report, wheat prices in the US and the EU grew
10.04.2020
the new balance experts, the USDA sharply lowered the forecast of world consumption and increased the estimate for ending stocks of wheat in 2019/20 Mr. the initial Estimate of world wheat stocks have increased compared to the March report by 0.53 million tonnes to 278,1 million tons. the Forecast for world consumption was reduced by 5.1 million tonnes to 749,78 million tonnes due to the reduction of consumption in China by 2 million tons and India 1.9 million tons,...
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WASDA report for corn was more bearish than expected
10.04.2020
In an April report, the experts USDA corn changed only data for the United States, which has reduced the forecast of consumption and increased transitional stocks. Forecasts for other countries is almost not changed, resulting in the estimate for ending stocks in 2019/20 MG also increased. the Forecast of the annual volume of corn processing for ethanol in the U.S. reduced immediately by 9.52 million tonnes to 128,27 million tonnes due to a sharp decline in demand for motor fuels...
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Purchase prices for grains in Ukraine on April 10, 2020
10.04.2020
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 10500 2900 Wheat mill offals 3300 Mustard seeds 12500 Peas 6675 5850 ↑ 150 Buckwheat 13000 20000 ...
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Futures for vegetable oil continues to go up due to speculators
09.04.2020
July futures for palm oil rose yesterday by 1.8% to 542,4 $/t with the support of the oil market, which expects positive news from today's meeting of OPEC+, and due to lower production in Malaysia. Speculators use the factor closed palm plantation and do not take into account the decline in demand from China and India, hoping that it will be short-lived. Low demand is partially compensated by the reduction sentences as palm oil and soybean and soybean oil due to logistical...