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Global wheat prices remain under pressure from harvests in Australia and Argentina, where production forecasts are improving, as well as heavy snowfall in the US Plains, which replenishes moisture and protects crops with up to 1.5m of snow.   ABARES raised its forecast for Australia's wheat harvest in FY2024/25 to 31.9 million tonnes, which would be in line with the USDA forecast and 23% higher than FY2023/24.   According to the MSG of India, as of November 29, 20...

According to the new forecast of the International Grains Council (IGC), in 2025/26, the global rapeseed area will grow compared to the current season by 1.4% to a record 44.1 million hectares, in particular in the EU - by 4% to 6 million ha, as the low yield of the 2024/25 season greatly reduced production. The high level of rapeseed prices will also contribute to the increase of sowing areas, the IGC believes.   But the prospects for the future harvest in the main exporting...

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 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 330 Buckwheat 11500 270 ...

Palm oil futures in Malaysia rose 8% over the past week amid possible supply disruptions due to heavy rains that have reduced already low output.   February palm oil futures on Bursa rose 2.82% to 5,023 ringgit/t or $1,131.3/t on Friday, adding 8.21% for the week, the biggest weekly gain since June 2023 .   Experts believe that heavy rains, especially in the east and north of Malaysia, will worsen the already weak production of palm oil in the country. In some states,...

The European Commission on Thursday lowered the forecast for the EU soft wheat harvest in 2024 to a 12-year low, and raised the forecast for the corn harvest, but quotations of these crops continued to fall.   The forecast for EU common wheat production in 2024/25 FY has been cut from 112.6 to 112.3 million tonnes, 10% below the 2023/24 FY crop and the lowest since 2012/23 FY, as France harvested the worst of 1980s wheat harvest.   Against the background of a decrease in...

Over the weekend, Polish farmers blocked the border with Ukraine for 2 days, protesting against the agreement between the EU and MERCOSUR countries. They plan to hold the next action on December 10, but will extend it to the entire eastern border of Poland.   As of November 28, 10.22 million tons of sunflower (from 97% of the area), 6.01 million tons of soybeans (99%) and 24.16 million tons of corn (96%) were harvested in Ukraine. At the same time, 4.383 million hectares (98% of 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 Purchase prices in Ukraine  CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Vetch 13000 Wheat mill offals 5350 165 Mustard seeds 25000 24875 Peas 13000 11200 330 Buckwheat 8250 270 ...

After several weeks of almost complete absence of export demand for GMO soybeans, Ukrainian ports stepped up purchases, which supported prices.   Export demand prices for soybeans with GMOs in Black Sea ports increased by UAH 300-500/t to UAH 17,300-17,700/t or $365-375/t, while prices for soybeans without GMOs remained at UAH 19,000-19,500/t or $410-425/ton.   Demand for soybeans from processors remains low, as factories are stocked with soybean meal. Processors offer UAH...