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Malaysian palm oil futures barely reacted to inventory drawdown to 19-month low
13.01.2025
According to the Malaysian Palm Oil Board (MPOB), during December 2024, the country's palm oil stocks decreased by 6.91% to a 19-month low of 1.71 million tons, production decreased by 8.3% to the lowest level since March 2024 of 1.49 million tons, and exports decreased by 9.97% to a 6-month low of 1.34 million tons, OleoScope reports. Malaysian palm oil stocks have been falling for the third consecutive month due to production cuts caused by severe floods, and have already...
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Purchase prices for grains in Ukraine on January 13, 2025
13.01.2025
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, $ DAF, $ CIF, $ Wheat mill offals 5750 Mustard seeds 25000 25000 Peas 13500 300 Coriander 21500 Corn 9592 8601 8700 8163 204 184 Flax 22000...
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USDA lowered its forecast for global oilseed production, especially the US soybean crop, which supported quotes
12.01.2025
In the January supply and demand report, USDA experts lowered the forecast for global oilseed production in 2024/25 MY by 3 million tons to 680.35 million tons (657 million tons in 2023/24 MY), in particular soybeans - by 2.88 million tons, rapeseed - by 1 million tons, which is offset by an increase in cotton production by 0.7 million tons and sunflower by 0.18 million tons. Compared to December estimates, the new world soybean balance for the 2024/25 MY has undergone the...
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USDA experts minimally changed the world wheat balance, but lowered export estimates for Ukraine and the Russian Federation
12.01.2025
In the January supply and demand report, USDA experts slightly increased the forecast for world production, reduced the forecasts for wheat consumption and exports, which led to an increase in the estimate of world ending stocks above the level predicted by analysts. Against this background, stock quotes remained without significant changes, despite the growth of corn futures by 3%. According to the report, March wheat futures rose slightly: by 0.3% to $202.7/t – for...
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Corn prices in Chicago surge after USDA experts significantly downgrade US crop estimate
12.01.2025
In the January report on corn supply and demand for the 2024/25 MY, USDA experts unexpectedly for the market sharply lowered the production forecast for the US, and, accordingly, the estimate of world stocks, which led to a significant increase in the price of futures in Chicago. March corn futures on the Chicago Board of Trade (CBOT) rose 3.2% to $185.2/t (+6.8% compared to data after the December report), which is 42.6% lower than last year's level of...
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Purchase prices for grains in Ukraine on January 10, 2025
10.01.2025
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, $ DAF, $ CIF, $ Wheat mill offals 5750 Mustard seeds 25000 25000 Peas 13500 300 Coriander 21500 Corn 9592 8551 8700 8153 204 184 ↑ 1 Flax ...
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Grain prices may rise in January, while soybean prices will continue to fall, ASAP Agri believes
10.01.2025
Ahead of the release of the USDA's January WASDE report on the supply and demand balance for agricultural products, ASAP Agri expert Olivier Bouillet told Latifundist.com about his forecasts. He believes that the markets have been under pressure for the past two weeks due to dry weather in Argentina, which has led to an increase in prices for some crops, in particular corn, although its prices on the Chicago SWOT have not yet been able to break through the resistance level of...
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Rapeseed and canola prices recovered after falling, supported by rising oil prices
10.01.2025
On the Paris stock exchange, speculative growth in rapeseed prices continues, due to market uncertainty due to reduced supplies from Ukraine and delayed supplies from Canada and Australia. The speculative growth in oil prices caused by cold weather in the US is supporting biofuel and rapeseed prices in the EU. In the first 9 days of January, rapeseed prices on the Paris stock exchange were highly volatile. On the first day, they rose by 2.5%, then fell for 3 days, and in the last 4...
