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Current sunflower prices make its processing unprofitable
26.08.2024
Sunflower prices remain at the level of $490-500 including VAT with delivery to the factory. This is reported by Spike Brokers analysts. As noted, producers are delaying the sale of oil crops, preventing the market from being saturated with offers and adjusting prices. "Representatives of factories note that at current sunflower prices, its processing becomes economically unprofitable. "Sunflower oil is trading at $910 CPT seaports for the period up to...
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Palm and soybean oil prices are rising in response to the recovery in oil prices
26.08.2024
Oil prices started to rise again due to renewed tensions in the Middle East, which immediately affected the quotations of palm and soybean oils, which were trading at minimum levels last week. Hamas rejected a US proposal for a cease-fire in Gaza, which was also supported by Israel, and Hezbollah again attacked Israel with more than 320 rockets, which was retaliated by Israeli airstrikes with more than 100 planes. Over the past two sessions, October Brent crude oil futures rose 4%...
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Harvesting of soybeans and sunflowers has begun in Ukraine
26.08.2024
As of August 23, Ukraine has harvested 32.02 million tons of the new crop from an area of 8.04 million hectares, according to the Ministry of Agrarian Policy and Food of Ukraine. In total, 28.59 million tons of grain and 3.42 million tons of oilseeds have been harvested in Ukraine. Wheat has been fully harvested on 100% of the planned area (4.8589 million hectares), yielding 21.74 million tons with an average yield of 4.47 tons per hectare, compared to 4.79 tons per hectare...
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Happy Independence Day of Ukraine!
24.08.2024
Ukrainians continue their long-standing struggle for the Freedom, Will and Independence of Ukraine, and for a year and 180 days they have been resisting the country of slaves and freedom-haters. Independence is possible only when there are people ready to fight for it. Independence begins with Invincibility. With the will and strength to resist anyone who seeks to turn you into a slave. From relatives, parental home, language and faith, dreams and deeds...
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Soy prices in Ukraine are beginning to gradually increase due to declining yield forecasts, but futures prices on global exchanges continue to fall
23.08.2024
In Ukraine, the intensifying drought is negatively affecting the potential yields of soybeans, sunflower, and corn, as well as complicating the timely sowing of winter rapeseed. Despite this, global market prices remain relatively stable. The soybean harvest forecast in Ukraine is being revised downward. According to ASAP Agri, the harvest could be around 5.7 million tons, compared to the USDA's forecast of 7.3 million tons. However, some experts believe the harvest could drop...
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Purchase prices for grains in Ukraine on August 23, 2024
23.08.2024
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, $ Wheat mill offals 3800 Peas 13000 ↓ 300 13200 270 Buckwheat 10500 Rye grade III 5850 Rye grade IV 5700 ...
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Increasing drought in Ukraine and southwestern Russia, as well as a heat wave in the US, will affect markets in the coming weeks
23.08.2024
Traders continue to closely monitor the weather conditions in the Black Sea countries, where increasing drought significantly reduces the yield potential of late crops and may make it difficult to plant winter rapeseed and wheat at optimal times. A sharp rise in temperatures to 34-35 degrees is forecast for next week in the US Corn Belt, which could add stress to soybeans and corn, especially in regions with insufficient rainfall. In Ukraine and the south-west of...
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Ukraine has established its first state agricultural land operator
23.08.2024
The State Property Fund has completed the corporatization of the "Agrarian Investment Fund," forming the new "State Land Bank," according to the SPF's press service. This is the first state operator of agricultural lands in Ukraine, fully owned by the state. The newly created company is a crucial final step in the "Land Bank" project before the official launch of the first online auctions for leasing state lands. "We have made...