News

In the June report, USDA FAS experts made only minor changes to the world oilseed balance for the 2026/27 MY, but increased the estimate of the soybean harvest in the current season, which increases pressure on world quotes.   The forecast for global oilseed production in the 2025/26 MY has been increased by 2.15 million tons to 700.65 million tons. The main reason was the increase in the estimate of the soybean harvest in Argentina by 2 million tons to 50 million tons. At the same...

In the June WASDE report, USDA experts significantly improved the global corn balance for both the 2025/26 MY and 2026/27 MY seasons. This increased pressure on quotes, which had already lost 15–16.6% over the past month. July corn futures in Chicago yesterday fell 1.8% to $162.1/t (-16.6% since the May report), and December futures fell 1.7% to $173/t (-14.9%). November corn futures in Paris lost 0.9% and fell to €205.5/t or $237.7/t (-5.6% since the May...

The European grain traders' organization COCERAL has raised its forecast for soft wheat production in the European Union and the United Kingdom in 2026, while significantly lowering its estimate for the corn harvest.   According to the updated COCERAL forecast, the gross harvest of common wheat in the EU and the UK will reach 143.7 million tonnes, compared to 142.6 million tonnes forecast in March. For comparison, last year's harvest was 150.8 million...

In the June WASDE report for 2026/27 MY, USDA experts only slightly adjusted the world wheat balance. Despite another reduction in the US harvest forecast, stock quotes practically did not react to the published data.   It is worth noting that the previous price decline over the past month by 6.7–16.7% almost completely offset the speculative growth observed before the May report.   After the publication of the June WASDE, July wheat futures were almost...

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 seeds35000750Peas11300Coriander32000Corn11021959894009400 ↓ 45221215Chickpea24000Rape-seed oil1240Sunflower oil13001050Wheat grade II109929410218Wheat grade...

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 seeds35000750Peas11300Coriander32000Corn11021 ↓ 40959894009400 ↓ 80221 ↓ 1215Chickpea24000Sunflower oil13001050 ↓ 50Wheat grade II109929410218Wheat grade...

Favorable weather conditions for wheat and corn crops in the US, Brazil, the EU and Ukraine, as well as the start of wheat harvest in the US, are increasing pressure on quotes in Chicago, which is significantly reducing demand in the physical market.   Since the beginning of June, Ukraine has seen a decline in export demand for feed grain, in particular for old-crop corn, as the main buyer, Turkey, has begun harvesting its own fairly good harvest of wheat and...

Israel's war with Iran led to significant supply disruptions and rising prices for fertilizers and grains. However, the risks of unstable supplies are now decreasing, which is helping to lower prices.   Prices for the main nitrogen fertilizer, urea, have fallen by more than 30% in two months, completely erasing the war-induced growth. As a result, prices for corn, wheat and other agricultural products have fallen sharply. The Bloomberg Agriculture Spot Index, which tracks the...