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The European Commission and Strategie Grains have lowered their forecasts for the harvest of wheat, corn, rapeseed and sunflower for the EU
31.07.2024
The European Commission predicts that in 2024/25, as a result of the drought in some regions of Europe, the production of grain crops will decrease by 2% compared to the previous season to 279 million tons, in particular soft wheat - by 1% to 127 million tons (which will correspond to an average of 5 -annual indicator), and corn - by 11% to 60 million tons (2% will exceed the average 5-year indicator). Strategie Grains experts have again lowered their forecasts for the EU rapeseed...
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Purchase prices for grains in Ukraine on July 30, 2024
30.07.2024
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, $ Vetch 30000 Wheat mill offals 3250 165 Mustard seeds 503 Peas 13625 ↑ 150 12400 250 263 Buckwheat 8500 ...
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Forecasts of a decrease in the corn harvest contribute to the increase in prices in Ukraine
30.07.2024
According to estimates of the Ministry of Agricultural Policy of Ukraine, the average yield of early crops in the country will decrease by only 5%, while the yield of late crops due to abnormal heat in most regions will decrease by 15%. Temperatures in Ukraine have dropped to normal last week, but precipitation has been patchy, so soil moisture reserves remain low in many regions, causing plants to dry out and soybean and corn crops to deteriorate. During the week,...
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Export prices for fodder barley in Ukraine continue to rise
30.07.2024
According to IA "APK-Inform", since the beginning of last week in the ports of Ukraine there has been an increase in prices for fodder barley, caused by the limited supply of grain of the new crop, high demand from importers and restraint of sales by producers. In addition, prices are supported by the adjacent wheat market. During the specified period, the purchase prices for fodder barley increased: in the ports of greater Odesa - by $5-7/t to $162-172/t SRT, in...
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Chicago soybean prices fall to lowest since 2020 amid favorable US weather
30.07.2024
The weather favors the formation of a good soybean crop in the US, which, against the background of low soybean export rates due to high competition from sellers from South America, collapsed the quotation to the lowest level since the end of 2020. According to Crop Progress from NASS, 44% of U.S. soybeans are already pods, which is 4% above the 5-year average. The number of soybeans in good or excellent condition fell 1% to 67% for the week, but is higher than last year's...
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The agency Strategie Grains lowered its forecast for the EU oilseed crop for the third time, but this did not affect rapeseed prices
30.07.2024
The agency Strategie Grains lowered its forecast for the EU rape harvest in 2024 for the third time in a row, now from 17.8 to 17.27 million tons, which would be 14% less than the production in 2023. However, this had almost no effect on rapeseed quotes, which continued to fall under the pressure of falling oil and soybean prices. The sunflower production forecast was also lowered from 10.49 to 9.65 million tons (9.8 million tons in 2023), while the estimate of the soybean harvest...
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How have agricultural land prices changed in Ukraine and is it worth investing in them?
29.07.2024
In 2024, the land market in Ukraine was actively developing, and in the first half of the year the average price for land plots increased by 19% from 37.1 to 44 thousand UAH/ha. The land in Poltava region and Ivano-Frankivsk region was in the greatest demand, where the average price per hectare reached UAH 52.59 thousand and UAH 101 thousand, respectively. It should be taken into account that the prices indicated in the purchase and sale agreements are lower than the market value, but the...
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Purchase prices for grains in Ukraine on July 29, 2024
29.07.2024
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, $ Vetch 30000 Wheat mill offals 3250 165 Mustard seeds 503 Peas 13600 12350 250 263 Buckwheat 8500 Rye ...