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Global markets have reacted sharply to US and Israeli strikes on Iran and restrictions on shipping in the Strait of Hormuz, through which about 20% of the world's oil supplies pass. But this war will affect more than just oil.   Latifundist.com analysts analyzed how the situation in the Middle East could affect the Ukrainian corn and nitrogen fertilizer market.   The Strait of Hormuz is a narrow sea corridor between Iran and Oman that carries about 20% of the...

Forecasts of oil prices rising to $90-100/barrel at the opening of the stock exchanges on Monday did not materialize, as the US and Israel continued to strike Iranian military facilities to deprive it of the ability to close the Strait of Hormuz.   May Brent crude futures rose 6.9% yesterday to an 8-month high of $78/barrel, after reaching $80-82/barrel during the day. Markets expect that traffic through the strait will not be blocked and will resume quickly.   US Central...

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 FCA, $ CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals6000 ↓ 250Mustard seeds35000Peas11300200Coriander32000Corn1029788018600 ↓ 113212220210 ↑ 5239Soybean hulls granulated150Flax30000Soybean meal18700 ↑...

In February 2026, Ukraine increased its agricultural exports by 0.3% compared to January to 5 million tons, the Ukrainian Agricultural and Food Agency (UKAB) reported, citing data from the State Customs Service of Ukraine.   For the fourth month in a row, agricultural export volumes have remained at about 5 million tons, and the bulk of this volume is corn.   Compared to January, agricultural exports in February changed as follows: grain crops – grew by 1% to...

In a March report, experts from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) increased their forecast for winter crop production (including wheat, barley and rapeseed) in Australia in 2025/26 MY from 66.3 to 68.4 million tonnes, due to better-than-expected yields, compared to December estimates. This would be 13% higher than last year and 15% higher than the 5-year average (59.5 million tonnes), making it the second-largest winter crop in the country's...

Changes in the Tax Code of Kazakhstan, in particular regarding VAT refunds, have led to a reduction in grain exports, as a result of which traders have practically abandoned purchases, reports the Grain Union of Kazakhstan.   Against this background, prices for wheat of grades 3 and 5 on the domestic market decreased slightly during the week, while prices for barley and flaxseed remained unchanged.   Exporters sharply increased their wheat offer prices last week, but...

The General Authority for Food Security of Saudi Arabia (GFSA) last week held a tender to purchase 655 thousand tons of durum wheat of any origin with a protein of 12.5%, in which it purchased about 794 thousand tons at a significantly higher price than in January.   According to traders, wheat will be supplied mainly from the Russian Federation and Romania, although the tender offered wheat from the EU countries, the Black Sea region, North and South America, and...

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 FCA, $ CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals6000 ↓ 250Mustard seeds35000Peas11300200Coriander32000Corn1029688018500 ↓ 203212220202 ↑ 1239Soybean hulls granulated150Flax30000Soybean meal18700 ↑...