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In its July report, the USDA again lowered its forecast for corn production and global stocks for the 2025/26 marketing year. The main reason is a data correction for the United States. Despite this, stock market quotes have fallen again - traders are reacting more to political news, including Trump's promises to impose new tariffs on countries importing American corn, including the EU and Mexico.   On Friday, July corn futures on the CBOT fell 1% to $158.7/t (–7.9% since...

The USDA's July supply and demand report lowered its forecast for ending global wheat stocks for the 2025/26 MY and raised its estimate for global consumption. Despite the worsening balance, wheat prices fell by 0.1% to 4.3% due to pressure from trade uncertainty and news of possible additional tariffs from the Trump administration.   Dynamics of stock exchange quotes: SRW (Chicago) : –1.7% to $198.7/t (+0.9% since June report); HRW (Kansas City) :...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Pea prices in Ukraine remain high amid increasing export demand, but competition with Russian and Canadian rapeseed on the world market limits further price increases. Corn prices in Ukraine also remain high as exporters need to form export shipments for July. Exchange prices in the US fell under the pressure of improving weather conditions,...

In the 2024/25 MY, Ukraine reduced its exports of grain and oilseeds compared to the previous season from 57.5 to 46.7 million tons due to a worse harvest and lower carry-in stocks at the beginning of the season, the Ukrainian Grain Association reports. According to UGA estimates, in 2024, the production of grain and oilseed crops amounted to 78.8 million tons (82.9 million tons in 2023), and the carrying stocks at the beginning of the season amounted to 7 (14.4) million tons. The main...

Export demand prices for corn in Ukrainian ports remain at $220–225/t or UAH 10,400–10,700/t, as traders were unable to purchase the necessary batches due to farmers holding back sales of old crop residues in anticipation of price increases amid the deterioration of corn crops due to rainfall deficits in June and July.   The increase in prices for feed barley and wheat to $203-205/t led to an increase in forward prices for corn by $3-5/t to $203-205/t.   Prices...

In March of this year, Ukraine officially received permission to export peas to China. Antonina Sklyarenko, President of the Community of Legume Producers and Consumers of Ukraine, said, "Negotiations with the Chinese side began back in 2019 and lasted five years. Now video inspections are being extended for the Chinese customs administration - we are recording materials in compliance with all requirements and must submit them for consideration by July 31. We will provide a list of...

According to market operators, the Tunisian State Grain Agency (ODC) contracted 50,000 tons of common wheat of any origin in an international tender on July 9.   In particular, the following was purchased: 25 thousand tons from the Raya operator at a price of $252.27/ton C&F with delivery from July 25 to August 25, 25 thousand tons from Viking at a price of $247.85/ton C&F with delivery from September 25 to October 25, 2025.   It should be noted that the...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Wheat and barley prices in Ukraine continue to rise as farmers hold back sales on reports of low yields in the south. But reports of better yields in the center and west, as well as low prices on world exchanges, will soon limit growth. Ukraine increased soybean processing in the 2024/25 MY, but still almost 60% of the bean crop is exported, so...