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Yesterday, the European Commission cut its forecast for EU crop production again, supporting the Paris stock market, which fell to record lows this week, even despite other agencies' recent forecasts for a lower harvest.   According to the EC forecast, the production of cereals in the EU in 2024/25 MR will decrease compared to the previous season from 269.9 to 264.5 million tons, in particular soft wheat - from 125 to a 4-year minimum of 116.1 million tons (120 .8 million tons in...

Weak demand for vessels and a small number of orders force shipowners to keep freight rates from Ukrainian ports at a low level, Spike Brokers company experts report.   Thus, the cost of the freight of firecrackers from the Danube ports during the week almost did not change, only in the direction of the Eastern Mediterranean it decreased by $1/t. Barge freight rates to Ruse and Silistra also remain low, as do rates for handysizes.   At the same time, tariffs for panamax...

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 Peas 13000 13125 250 265 Buckwheat 10500 320 Rye grade IV 5700 Coriander...

According to Statistics Canada (StatCan), domestic canola production in FY2024/25 is expected to grow by 1.6% from the previous season, from 19,192 to 19.5 million tonnes, which is 2.6% below the USDA forecast, but overall will correspond to the average estimate of analysts.   On the report, November canola futures on the Winnipeg exchange fell 0.5% yesterday to CAD 596/t or $441.76/t (+3.3% for the week, -6.5% for the month).   The Australian Oilseeds Federation (AOF)...

In yesterday's report, Statistics Canada (StatCan) experts raised their forecasts for wheat, canola and soybeans, but lowered their estimates for corn and barley production compared to FY 2023/24.   The increase in forecasts is due to improved yields in Western Canada thanks to favorable weather, but heat and moisture deficits in some areas of the prairies have reduced yield potential. Thus, in Alberta and Manitoba, the harvest will exceed last year's, and in Saskatchewan it...

Chinese authorities have urged their biggest importers to cut purchases of grains, especially barley and sorghum, as heavy supplies and lower-than-expected demand pressure domestic prices and make it harder to support local farmers. Amid forecasts of a record harvest, it will be a last-ditch effort to reduce oversupply and stabilize domestic prices.   China is the world's largest importer of barley and sorghum, so any supply restrictions would hurt major exporters such as the US...

As of August 1, 2024, there were 2.3638 million cattle in the domestic and industrial sector of Ukraine, of which 1.2554 million were cows, the Association of Milk Producers reports with reference to data from the Ministry of Agriculture.   For comparison, according to the State Statistics Service, in 1990, 25.2 million cattle were kept in Ukraine, including 8.5 million cows.   During August 2024, the cattle population decreased by 0.6% or 13.3 thousand heads (-7% or 175...

Traders actively bought wheat futures yesterday due to data on the decline of the wheat harvest in the EU, as a result of which the quotations rose by 2-2.6%, partially recovering from last week's fall.   On Monday, the MARS agency lowered its forecasts for the average yield of common wheat in the EU from 5.87 to 5.68 t/ha compared to July estimates, which will be 2% less than the 2023 figure.   Yesterday, September wheat futures fell: by 2% to $186.8/t –...