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Over the past three sessions, November Brent oil futures fell 6.6% to a 9-month low of $72.7/barrel (-6.6% for the week, -4.5% for the month) amid negative macroeconomic news from the USA. Easing tensions in the Middle East also reduced the speculative impact on quotes.   Yesterday's economic news will have a negative impact on energy demand and oil prices. So, in July, the number of JOLTS vacancies in the US decreased by 237 thousand to a 3.5-year low of 7.673 million (against...

In August, compared to July, India reduced the import of edible oils by 17% to 1.53 million tons, in particular palm oil - by 27% to 791 thousand tons against the background of significant reserves and negative margins at oil refineries. This could lead to an increase in palm oil stocks in the main producers - Malaysia and Indonesia, which will increase the pressure on quotations.   In July, palm oil imports significantly exceeded local needs, so in August, refiners sharply reduced...

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 3800 Mustard seeds 25000 Peas 13000 13125 250 Buckwheat 320 Rye grade IV 5700 ...

On September 3, the Ministry of Agrarian Policy of Ukraine and participants of the grain market signed an addendum to the Memorandum of Understanding, which agreed on the maximum export volumes in the 2024/25 season of wheat and a mixture of wheat and rye (meslin) according to the UCT code ZED 1001 at the level of 16.2 million tons. Also, the parties agreed on monthly monitoring of exports and the possibility of adjusting export limit volumes in January 2025, if necessary. Such a move will...

Yesterday, rapeseed and canola stock prices tumbled 3.5-7.3% on news that China plans to launch an anti-dumping investigation into canola and chemical products from Canada in response to the latest tariffs on imports of electric vehicles, steel and aluminum from the PRC. But already at the end of the session, quotations recovered almost to the previous level, as the global rapeseed balance for 2024/25 MR continues to deteriorate.   Last week, the Canadian government announced the...

On September 3, the Ministry of Agrarian Policy of Ukraine and participants of the grain market signed an addendum to the Memorandum of Understanding, by which they agreed on the maximum export volumes in the 2024/25 season of wheat and a mixture of wheat and rye (meslin) according to the UCT code ZED 1001 at the level of 16.2 million tons.   The Ministry of Agrarian Policy noted that the signing of the Memorandum and its annex will ensure the country's food security, predictable...

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 330 Wheat mill offals 3800 Mustard seeds 25000 Peas 13000 13125 250 265 Buckwheat 320 Rye grade IV...

The official agency ABARES, thanks to good rainfall in the main growing regions, raised the forecast for the wheat harvest in Australia in 2024/25 MR by 2.7 million tons to 31.8 million tons, which will exceed the 26 million tons harvested last year and the 10-year average by 22% . The wheat export forecast has been lowered to 20.9 million tons, which will be 7% less than the 2023/24 FY, but 10% higher than the 10-year average.   In the August USDA report, the wheat harvest forecast...