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According to the European Commission, EU countries have reduced imports of all major types of vegetable oils in 2024/25.   Thus, in the period from July 1 to September 15, purchases decreased compared to the same period of the previous season: soybean oil - by 69% from 190.3 thousand tons to 58.4 thousand tons, rapeseed oil - by 56% from 123.8 to 54.7 thousand tons, palm - by 38% from 879.3 to 539.6 thousand tons, sunflower - by 37% from 539.9 to 339.2 thousand...

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, $ Wheat mill offals 4000 ↑ 200 140 135 ↑ 5 Mustard seeds 25000 Peas 13000 12800 7125 Buckwheat 9000 10000 330 Rye grade IV...

Last week, export demand prices for corn with delivery to Black Sea ports remained at $180-185/t, but against the background of the increase in the dollar exchange rate at the interbank market, they rose by UAH 100-150/t to UAH 8,450-8,550/t. Farmers are increasing corn supply, but export rates are quite low due to small stocks of the old crop.   As of September 13, 1.1 million tons of corn were harvested from 255.3 thousand hectares or 6.5% of the area.   In 2024/25 FY...

November Brent crude futures rose 3% this week to a 2-week high of $73.7/barrel (+6.4% for the week, -4.5% for the month), fully reversing the previous week's decline.   The driver of the increase was Israel's operation to blow up the pagers of Hezbollah members, which resulted in the death of 11 people and the wounding of more than 4,000 militants. Quotations were also supported by better-than-expected data on the US economy and interruptions in oil exports from...

Due to the dry weather in August and September in Ukraine, sowing of winter crops is very slow. On the left bank, the planned 1.123 million hectares will not have time to sow winter rapeseed at the optimal time.   According to the Ministry of Agriculture, as of September 16, winter rape is still being sown in 18 oblasts of Ukraine, and sowing has already been completed in the Volyn, Lviv, Rivne, and Ternopil oblasts. So far, 688.4 thousand hectares or 61% of the planned 1.123 million...

From the occupied territories of Ukraine, the Russian Federation sold grain worth billions of dollars, in particular, it paid Iran for the supply of ballistic missiles.   The Russian Federation exported the first batches of grain stolen from Ukraine in the summer of 2022, and later organized a mass export of grain.   According to the WSJ, the occupiers are either taking crops from farmers or buying them at low prices. State companies are involved in the business, in...

Wheat prices on global exchanges fell 2-3.5% yesterday amid profit-taking by traders, but the overall weekly increase was only 1-2.2%.   The market has not yet reacted to the deterioration of wheat harvest prospects in the Russian Federation and the high rate of export of cheap Russian and Ukrainian wheat, as a result of which the export potential in the second half of the season will significantly decrease.   In eastern Siberia, excessive precipitation led to the...

Statistics Canada StatCan yesterday reduced the forecast for the canola harvest in the country in the 2024/25 FY by 0.5 million tons to 19 million tons (19.5 million tons forecast in August), which will be 1.1% lower than the 2023/24 FY and 5.2% - the USDA's September forecast (20 million tons). The canola yield estimate was cut by 0.8% to 38.4 bushels/acre, and the harvested area was cut by 0.4% to 21.8 million acres.   This led to a sharp increase in quotations, which...