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The fall in oil prices to the level of $73/barrel, which was before the war with Iran, stopped the speculative rise in soybean oil prices in Chicago and turned them downward, increasing pressure on adjacent vegetable oil markets.   July soybean oil futures on the CBOT exchange fell by 5.5% to $1,471/t in a week, and have already lost 18% of their value since the beginning of June on expectations of a decline in demand from the biofuel sector and an increase in forecasts of soybean...

Statistics Canada StatCan, in a new report, significantly adjusted estimates of the area sown to major agricultural crops in Canada in the 2026/27 MY, increasing them for oilseeds and reducing them for grains and legumes.   The estimate of canola acreage has been unexpectedly raised to a record high due to a significant reduction in wheat acreage, despite a spring delay in planting. Farmers believe that the launch of new biofuel production capacity will increase demand for rapeseed...

Yesterday, the USDA released its final report on US sowing areas for the 2026/27 MY, in which it increased the estimate of soybean areas compared to March data, but significantly reduced the estimate of wheat areas, which supported wheat quotes.   Thus, compared to the March forecast, the estimate of sowing areas has been changed as follows: all types of wheat – reduced from 43.775 to 42.74 million acres (analysts' estimate 43.86 million acres), which will be 6% lower...

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 offals5500 ↓ 400Mustard seeds35000Peas11300Coriander32000Corn1095095739300 ↓ 40216215Flax650Chickpea24000Sunflower oil1260975Wheat grade II110039410217Wheat grade III10811 ↓ 2193308200...

The global corn market is under increasing weather pressure as the critical period for corn plantings approaches, when harvest potential is building. Heatwaves in the EU, particularly in France, have already pushed prices in Paris to a 2-year high, while favorable weather in the US is pushing down near-term prices in Chicago.   Over the past seven days on the Euronext exchange in Paris, August corn futures rose by 5.8% to the highest level since June 2024 - €233.75/t or $266.5/t...

Speculative pressure on July futures, which expire on July 14, has intensified on American wheat exchanges, so traders are massively selling off the nearest contracts, losing money, as September contracts are trading $20/t more expensive than July ones.   Expectations of further increases in wheat prices amid adverse weather in the US were not met, as rains in June improved the condition of spring wheat crops.   According to NASS Crop Progress, as of June 28, 48% of the...

Experts from the European association COCERAL have lowered their forecast for grain production in the EU and the UK in 2026 from 298.8 to 295.5 million tons compared to previous estimates (March), which will be 5% lower than the 311.3 million tons harvested in 2025.   At the same time, the forecast for soft wheat production has been increased from 142.6 to 143.7 million tons (150.8 million tons in 2025), since its yield in most regions of the EU will not be lower than average,...

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 offals5500 ↓ 400Mustard seeds35000Peas11300Coriander32000Corn1095095739300 ↓ 40216215Flax650Chickpea24000Rape-seed oil5900010501240Sunflower oil900Wheat grade II110039410218Wheat grade...