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In August's supply and demand balance sheet, USDA experts cut their 2024/25 corn production, consumption and inventory forecasts by more than analysts expected, sending quotes higher after a prolonged decline.   The corn balance for FY 2023/24 was also adjusted: The global production forecast was reduced by 1.65 to 1,223.8 million tons, in particular for Argentina – by 2 to 50 (36) million tons, while the estimate for Ukraine was increased by 1.5 to 325 million tons...

On August 12, the Egyptian GASC held its largest tender for the purchase of wheat, where it wanted to purchase 3.8 million tons for delivery from October 2024 to April 2025. But in the end it bought only 280 thousand tons of wheat, since the prices of offers for October deliveries were 23- $60/t higher than for September delivery at the July 16 tender, despite the drop in world prices to the lowest level since 2020/21 MR. The increase in prices is due to the change in terms of payment from...

In August's supply and demand report, USDA experts raised their forecast for world wheat   consumption by more than their production  forecast, lowering their estimate of ending stocks. But stock prices fell 0.4-1.2%, and were not supported even by a reduction in the forecast for production and stocks of wheat in the US, although analysts had expected a rise in production estimates thanks to a good harvest.   Compared to the July estimates, the new wheat...

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 3600 Mustard seeds 485 Peas 13300 13300 ↓ 208 250 270 Buckwheat 10500 Rye grade III 5850 ...

The Algerian state agency OAIC bought about 630,000 tons of flour wheat at a tender last week at a price of $250.5-252/t C&F, Reuters reports with reference to traders from the EU.   According to the terms of the tender, shipments of wheat from the main supply regions, including Europe, will take place in October, and from South America or Australia - in September.   Algeria does not disclose the details of the tender, so the final data on volumes and prices may...

According to the Ministry of Agriculture, as of August 8, 27.322 million tons of grain and leguminous crops were harvested in Ukraine from 6.521 million hectares or 59% of the area with an average yield of 4.19 tons/ha.   Collected by culture: wheat - 20.94 million tons from 4.73 million hectares (97% of the plan) with a yield of 4.42 tons/year, barley - 5.2 million tons from 1.37 million hectares (98%) with a yield of 3.81 tons/ha, peas - 457.7 thousand tons from 207.6...

The European Commission has significantly lowered its forecasts for the EU rape crop, but some market participants believe that estimates should be even lower, especially for Germany.   Rapeseed harvesting in the EU is underway, and in some regions already completed, with yield data confirming pre-harvest estimates. Unfavorable weather conditions during the growing season and the activity of pests in the larger territory of the EU had a negative effect on the formation of the...

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 3600 Mustard seeds 485 Peas 13300 13492 ↑ 195 250 270 Buckwheat 10500 ↑ 1000 Rye grade III 5850 ...