News

Dry weather in the Black Sea region reduces the potential for corn harvest this season, so analysts are adjusting production forecasts for the EU and Ukraine.   The European Commission reduced the forecast of the corn harvest in the EU in 2024/25 MR by 11% to 60 million tons (which will exceed the 5-year average by 2%), in particular for Romania – by 1.1 to 9.5 million tons (-10% in comparison with 2023/24 MY), Bulgaria – by 0.4 to 2.6 (+8%) million tons.   The...

Indonesia is conducting tests to increase the proportion of biofuel produced from palm oil from 35% to 50%, which worries local exporters.   Indonesia, which is the world's largest producer of palm oil, has the world's highest mandate for biofuel blend - B35. The outgoing government of President Joko Widodo plans to increase the mandate to B40 next year. The next president, Prabowo Subianto, promises to increase the mandate to B50, which will reduce oil...

The U.S. Corn Belt continues to have good corn and soybean planting weather with occasional rain and normal temperatures. Winter wheat is almost harvested. Dry weather next week will speed up the harvesting of spring wheat, and the weekend cyclone will bring favorable rains for crops.   Ahead of the August USDA report, experts are raising soybean and corn yield estimates thanks to favorable weather conditions.   On the Canadian Prairies, after July's heat and drought,...

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 13297 250 270 Buckwheat 9500 Rye grade III 5850 Rye...

In Ukraine, high rapeseed prices and lower soybean and sunflower crop forecasts due to the heat in the south and east are supporting the starting prices for soybeans at a high level. Export purchase prices of new crop soybeans for delivery to Black Sea ports in October-November, after updating the minimum of $355-370/t in recent weeks, have risen to $385-390/t, despite the drop in exchange quotations. Exporters are actively contracting new crop soybeans, but farmers are slow to make deals due...

On August 7, the Egyptian GASC held an international tender for the purchase of 40,000 tons of vegetable oils, including 30,000 tons of soybean oil and 10,000 tons of sunflower oil, with delivery from October 15 to November 15 and immediate payment.   Compared to the previous tender (July 18), the number of submitted offers for sunflower oil increased from 10 to 14, and prices decreased from $1,054-1,163 to $1,050-1,095/t C&F, with Russian exporters most actively lowering prices....

The 2024/25 season was marked by high starting prices for all agricultural crops. Thus, feed barley prices in Black Sea ports have risen by 5-8% since the beginning of the season to $168-172/t or UAH 8,100/t, which was 12-15% higher than last year. But during the last week, exporters reduced prices by 50-150 hryvnias/t to 7,900-7,950 hryvnias/t, and some altogether stopped purchases due to the lack of export demand for the coming month, although the pace of barley exports is three times higher...

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 ↓ 3 Peas 13300 13297 250 270 Buckwheat 9500 Rye grade III 5850 ...