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Rains hit the Canadian prairies last week, delaying the canola harvest. This can degrade the quality of the crop and reduce its potential.   As of September 24, in the province of Saskatchewan, canola has been harvested on 55% of the area (82% last year), in Alberta - on 48.5%, and in Manitoba - on 55% of the area.   According to forecasts, this week the rains will stop and temperatures will drop, followed by dry and warm weather that will speed up the...

Purchase prices for sunflower in Ukraine continue to rise against the backdrop of lower harvest forecasts and higher prices for meal and oil.   As of September 26, 6.66 million tons of sunflower were threshed from 3.268 million hectares or 66% of the area with a yield of 2.04 tons/ha, which is inferior to last year. It is already clear that the total harvest will be less than the 12.5 million tons predicted by the USDA and the 15.5 million tons harvested in 2023/24...

Thanks to the dry weather in Ukraine, harvesting of late crops is actively underway, and export rates are 20% higher than last year against the background of high export demand.   According to the Ministry of Agriculture, as of September 26, 34.288 million tons of grain and leguminous crops were harvested from 7.95 million hectares or 72% of the planned area (11.116 million hectares) with an average yield of 4.31 tons/ha, while last year on September 28 from 30.47 million tons of...

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 22000 Wheat mill offals 4000 155 170 Mustard seeds 24250 Peas 13000 12800 7150 Buckwheat 9000 Rye...

India's food grain production reached a record 332.22 million tons in the 2023/24 marketing year, which ended in June, thanks to bumper wheat and rice crops, the Ministry of Agriculture reported on Wednesday. The final estimate for 2023-24 shows an increase of 2.61 million tons compared to the previous year's 329.6 million tons, the ministry said in a statement.   Rice production reached a record 137.82 million tons, up from 135.75 million tons in 2022-23.   The...

According to forecasts by analysts from the Rosario Grain Exchange, in the 2024/25 marketing year, under favorable weather conditions, Argentina's total production of grains and oilseeds could reach 143.2 million tons. This is 9% more than in the previous year.   Specifically, the soybean harvest is expected to reach 52.6 million tons compared to 50 million tons in the last season. Sown areas under soybeans may increase by 8% over the year, partially due to a 21% reduction in...

Lack of precipitation in eastern Ukraine and southwestern Russia is holding back winter wheat planting, while dry conditions in central Brazil are delaying corn and soybean planting. This has led to a speculative rise in stock market prices in recent weeks.   Brazil's southern regions received rain this week, which will help planting, but central areas remain too dry. In the state of Mato Grosso, short-term rainfall is expected next week, but it is not enough to overcome the...

It's hard to overestimate China's impact on global grain markets. For decades, a large population, rapid economic growth, and limited domestic production have led to a sharp increase in imports of grains and oilseeds.   In the 2023-24 marketing year, China holds the top position in imports of wheat, corn, sorghum, barley, and soybeans, importing 111.5 million tons of soybeans (63% of the global volume). Since 2000, the combined import of corn, wheat, and soybeans has...