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In the August WASDE report, USDA experts again lowered the forecast for the EU corn harvest, but increased production forecasts for the Russian Federation and Ukraine, so overall the world balance remained unchanged, but quotes in Chicago increased by 4.4% due to a significant increase in the export forecast and a decrease in the estimate of ending corn stocks in the US in both the 2025/26 MY and 2026/27 MY.   At the same time, the USDA reduced its forecast for corn exports from...

Wheat prices rose sharply yesterday amid heavy attacks on Russian grain terminals in Novorossiysk and the shutdown of their operations. The USDA's August world wheat balance was little changed, although analysts had expected a significant reduction in export forecasts from the Russian Federation and Ukraine, according to the forecast of their representative in Ukraine , who the day before had lowered his export estimate for Ukraine by 3.7 million tons. However, USDA experts reduced the...

As a result of an attack by Ukrainian drones on the night of August 12, the Russian grain terminal in Novorossiysk, owned by Demetra Holding, was damaged and suspended, Reuters reports, citing industry sources.   A representative of Demetra Holding confirmed the fact of damage to the facility, but did not provide details and declined further comments, noting that "the terminal has suspended operations and an assessment of the damage is currently being carried...

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 offals5500 ↑ 750Mustard seeds33000Rye grade II6500Coriander36000Corn8800851372009000 ↑ 587185200Flax2400022000 ↓ 8000580Lupine14000Oats7500Rape-seed oil1265Wheat, grade I230Wheat grade...

Powerful Russian missile and drone attacks on the Odessa region and Black Sea infrastructure continue, so all processing plants and export terminals have stopped work and do not plan to resume it yet, pending the resolution of issues with the safety of work and vessel calls to ports.   Processing and purchasing of old-crop sunflower in Ukraine has practically stopped, and only small factories continue to buy sunflower for delivery to the factory in August, lowering prices by...

The reduced supply of sunflower oil from the Black Sea region continues to support strong demand for palm and soybean oil from India, while rapeseed oil prices are falling, even despite the sharp increase in oil prices.   October Brent crude futures have risen 12.7% to $89/barrel in the last 7 days and are trading 7.2% higher than a month ago, due to the lack of Trump's promised deal with Iran and the opening of the Strait of Hormuz, which will support demand for...

Yesterday, Germany's Federal Inland Navigation Agency reported that the water level in the Rhine has dropped to a record low due to prolonged heat, forcing shipowners to suspend navigation on the southern sections of the river.   According to the WSV water transport agency, on Tuesday the navigable depth in the narrow section of the Kaub (near Koblenz) reached only 15 cm, while the previous record minimum, recorded in 2018, was 25 cm. At the same time, the actual depth of the...

In the current season, sugar production in the EU and the UK may decrease to the lowest level since 2015 - 15 million tons, which will increase the EU's need to import this product.   Last week, experts from the MARS crop monitoring agency lowered the forecast for the average sugar beet yield in the EU to 76 t/ha, which would be 7% lower than last year's figure, but in line with the 5-year average.   This decrease in yield is due to prolonged heat, which negatively...