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The Verkhovna Rada continues to discuss the "soybean-rapeseed" amendments to the draft law, which provides for amendments to the Tax Code to prevent industrial pollution, after the Committee on Finance, Tax and Customs Policy recommended introducing duties on soybean and rapeseed exports, and the Verkhovna Rada Committee on Agrarian and Land Policy did not support this initiative on July 7.   Deputies report that the decision will be voted on in July or August, and the...

The European Commission has authorized the use of genetically modified soybeans in food and animal feed, Feedlot reports, citing a scientific assessment by the European Food Safety Agency (EFSA).   According to the commission, GM soy has undergone a comprehensive and rigorous assessment procedure that ensures a high level of protection of human, animal and environmental health, after which it was allowed to be imported for use in food and animal feed, but not for cultivation in the...

Stock market quotes for wheat are trading 4.5-5.9% lower than a month ago, amid improving weather conditions in the US, but forecasts of a reduced harvest in Ukraine are being confirmed, which contributes to a further increase in export prices.   As of July 6, 53% of winter wheat in the United States has been threshed (62% last year and 54% on average for the past 5 years). The number of winter wheat crops in good or excellent condition remained flat at 48% during the week (51% last...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF   Favorable weather in the US continues to put pressure on stock quotes, but traders are closely monitoring weather conditions in the Black Sea region. OPEC increased oil production for August more than analysts expected, so prices will continue to decline, which will increase pressure on oilseed and feed grain...

On Saturday, OPEC+ members agreed to increase oil production by 548,000 barrels per day in August, although analysts had expected an increase of only 411,000 barrels per day, which would be in line with the level of production increases they approved in May, June and July. This will increase pressure on oil prices this week, especially against the backdrop of a possible new ceasefire agreement between Israel and Hamas.   The OPEC+ group, which produces about half of the world's...

In the Midwest and Plains, weather conditions remain favorable for ag crops. The moderate temperatures with occasional showers seen last week will continue to improve the condition of wheat, corn and soybean crops in the coming days, which will put pressure on stock prices.   The Canadian prairies received some rain last week, but it was less than needed. More rain is expected this week, but it will not reach the south and east, adding to concerns about the development of wheat and...

According to experts from the Food and Agriculture Organization of the United Nations (FAO), in the 2024/25 MY, world grain production decreased by 0.1% compared to the previous season to 2,853 million tons, primarily due to a reduction in the production of feed crops, especially corn, although rice and wheat production increased slightly.   At the same time, global grain consumption increased by 1.2% to 2,875 million tons due to increased consumption of rice and feed grains (mainly...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Barley prices in Ukraine remain unchanged, but in the future they will receive support due to increasing demand against the backdrop of the sale of 500-700 thousand tons of barley to China. Rapeseed prices in hryvnia are falling due to traders' fears that the Ukrainian government will impose a 10% duty on rapeseed and soybeans as early as July...