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The lack of progress in negotiations between the US and Iran, as well as Trump's constant threats to resume attacks, have kept oil prices high for a week, which is supporting vegetable oil prices.   July Brent crude futures rose 2.7% to $111/barrel during the week (+23% month-on-month) as the blockade of oil exports from the Strait of Hormuz continues and the risks of renewed war in the Persian Gulf increase.   Iran continues to fill its tankers near the main oil...

According to the latest data from the Ministry of Agrarian Policy, as of May 18, 4.973 million hectares or 83% of the planned area (6.003 million hectares) were sown with spring grain and legume crops in Ukraine, while last year, as of May 15, 4.954 million hectares or 87% of the planned area (5.681 million hectares) were sown with spring crops. Yes, on the specified date the following was sown: wheat – 184.7 thousand hectares (99% of the forecast), barley – 709...

Experts from the MARS crop monitoring service on Monday reduced their forecasts for grain yields in the EU this year due to dry weather in many regions, although overall grain crops are developing normally.   Compared to April estimates, yield forecasts have been reduced: soft wheat (the most popular grain crop in the EU) – from 6.05 to 6.01 t/ha, which will be 5% lower than last year's figure and 2% higher than the 5-year average, rapeseed (the most popular oilseed...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals6100 ↓ 250Mustard seeds35000Peas11300Coriander32000Corn1118297249200 ↑ 40225 ↑ 1214Soybean hulls granulated150Soybean cake340Oats10500Sunflower oil13001150Wheat grade...

In Ukraine, the weather is conducive to sowing and crop development, and precipitation forecast for the next 7 days across Ukraine will increase harvest potential, forcing farmers to accelerate sales of the old wheat and corn crop.   Increased demand for corn in ports from exporters still persists, but demand from Turkey is gradually being covered, so export prices for corn, after reaching the level of $230/t, decreased slightly and remained at the level of UAH 11,350-11,400/t or...

On Sunday, the White House released a briefing on the May 14-15 talks between the US and China, stating that "China will purchase at least $17 billion worth of US agricultural products annually in 2026 (proportionately), 2027 and 2028, in addition to the soybean purchase commitment (12 million tonnes) made in October 2025."   On this news, July futures on the Chicago Board of Trade rose sharply: for American soybeans - by 3% to $445.7/t (unchanged for the week), for...

On US exchanges, wild jumps in wheat quotes continue, caused by lower production forecasts, weather conditions and hopes for increased supplies to China, but rising prices limit the good global wheat balance for this and next season.   Rising US wheat prices support Ukrainian wheat export prices, although demand from importers remains quite weak.   The weather in Ukraine is conducive to the development of crops and the completion of sowing of spring crops, and the...

USDA experts predict that in the 2026/27 MY, North African countries, due to increasing their own wheat production, will reduce wheat imports by 12.9% compared to the previous season, from 33.3 to 29 million tons, which will be the first reduction in supplies in the last five years.   Morocco is expected to reduce wheat imports by 43% to 4 million tons, Algeria by 10%, and Egypt by 5%.   The USDA notes that favorable weather conditions have allowed grain production in the...