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Agency MARS again reduced the yield forecasts of the main agricultural crops in the EU
28.08.2024
Crop monitoring service MARS on Monday again lowered its forecasts for the average EU cereal yield, as well as its forecast for maize production, as heat continued to worsen the condition of crops in southeastern Europe. Thus, compared to July estimates, the forecast of rapeseed yield has been reduced from 3.1 to 3.07 t/ha, which will be 3% lower than last year's figure. The corn yield forecast has been reduced from 7.24 to 7.03 t/ha, which will be 6% lower than...
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Purchase prices for grains in Ukraine on August 28, 2024
28.08.2024
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...
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Purchase prices for grains in Ukraine on August 27, 2024
27.08.2024
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 Rye grade IV 5700 Coriander ...
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A sharp rise in oil prices is supporting canola and canola prices
27.08.2024
Speculative gains in oil prices supported canola and canola, albeit to a lesser extent than analysts had expected. October Brent oil futures for the last three sessions rose by 7.1% to $81.4/barrel (+3% for the month) against the backdrop of a possible escalation of the situation in the Middle East and mutual attacks between Israel and the Lebanese Hezbollah. November canola futures on the Winnipeg exchange rose 4.4% in three sessions to CAD 590/t or $437.7/t (+2.8% on...
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Corn crops in Bulgaria were severely affected by the drought
27.08.2024
According to USDA's FAS Foreign Agricultural Service, due to severe drought, the maize crop in Bulgaria will be the lowest in 10 years at 2.2 million tonnes, compared to 2.45 million tonnes in FY 2023/24, while maize planting area in 2024 /25 MR decreased in comparison with the previous season by 9% to 484 thousand ha. The 2024/25 season will be the third in a row when the country's corn yield will be significantly below average, which could affect future plans for planting...
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Chicago corn prices down 3.5% for the week, even as Pro Farmer crop tour results
27.08.2024
On the exchange in Chicago, December corn futures yesterday fell by 1.1% to $152.2/t (-3.5% for the week, -32% for the year), not reacting to forecasts of a decrease in the corn harvest in the EU, Ukraine, Romania and the USA, as well as the sharp rise in oil prices. Traders turned their attention to data from Pro Farmer's crop tour of the U.S. "corn belt," which showed average corn yields in 2024 at 181.1 bushels/acre and a total crop of 380.5 million tons, while the...
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September wheat futures fell 3-11% for the week and are trading 30-51% lower than last year
27.08.2024
Wheat quotations on world exchanges fell to record low levels against the background of weak export demand caused by a good domestic harvest in importing countries. Traders paid attention to the increase in the wheat harvest in the USA by 5 million tons (compared to the previous season), but did not react to the decrease in production forecasts for the EU by 7 million tons, Ukraine by 1.5 million tons, and the Russian Federation by 8.5 million tons . During the week, September...
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Purchase prices for grains in Ukraine on August 26, 2024
26.08.2024
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 ↓ 75 250 265 ↓ 5 Buckwheat 10500 Rye grade IV 5700 ...