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Thanks to the introduction of new agricultural technologies and mechanization, China harvested a record crop of spring cereals in 2024, despite adverse weather conditions.   According to the National Bureau of Statistics, spring grain production (which usually accounts for 25% of total grain production) increased by 2.5% year-on-year to 149.78 million tons.   The rapid change in the world's climate is leading to an increase in extreme weather events such as heat,...

Agriculture and Agri-business Canada (AAFC) released its forecast for FY 2024/25 (which began on August 1), in which it indicated not only harvest volumes, but also expected prices.   The 2023/24 season in Canada was not very good, as the heat significantly reduced production, which, against the background of increasing domestic consumption, led to a decrease in exports and stocks. In the new season, the summer rains have contributed to the development of crops, so the harvest will...

Demand prices for sunflowers of the new harvest in Ukraine are gradually increasing based on data on the state of crops and forecasts of a reduction in production, reports IA "APK-Inform".   Currently, 18,500-20,000 UAH/t SRT are offered for sunflowers of the 2024 harvest. But in view of the unstable situation, processors do not actively declare prices and assume that in the near future they may reach 20,000-22,000 and even 23,000 UAH/t...

Purchase prices for wheat in Ukraine continue to fall against the background of reduced export demand and increased competition from the Russian Federation and other Black Sea countries, although world quotations, after falling to a 3-year low, are gradually recovering, and during the week they increased by 1.4-3.4% on forecasts of a decrease in harvest in the EU.   In Ukraine, on August 2, 19.441 million tons of wheat were harvested from 4.466 million hectares with a yield of 4.35...

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 3550 Mustard seeds 488 Peas 13300 13297 250 270 Buckwheat 9500 Rye grade IV 5300 5500 ...

October palm oil futures on Bursa Malaysia fell another 3.29% to a 6-month low of 3,788 ringgit/t, or $857.01/t yesterday, after last week's decline of 0.63%, amid a strengthening exchange rate ringgit and falling crude oil prices. The decline was exacerbated by yesterday's collapse of global stock markets, which negatively affected commodity prices.   Traders believe that lower crude oil prices, caused by a possible recession in the US, could reduce demand for palm oil,...

Friday's 3.7% drop in oil prices and a "black Monday" in global stock markets led to speculative declines in canola quotes on the Paris stock exchange, despite steady US canola and soybean prices.   November rapeseed futures on the Paris exchange fell 4% yesterday to the lowest level since the end of April at €458.75/t or $497/t (-13.4% on the month), although they reached a record 514 a month ago. 5 €/t against the background of the deterioration of the...

The slowdown in the development of the US economy and the overvalued assets of AI-related companies led to the collapse of global stock exchanges. On Friday, stock indices in the US fell by 1.5-2.4%, although the economic data were not too negative. But Asian stocks started Monday with a sharp drop that shocked traders.   So, the Nikkei index in Tokyo fell by 12.4%, and the Kospi index in Seoul - by 9%, so immediately after the opening of the stock exchange in New York, the Nasdaq...