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In the September supply and demand balance sheet, USDA experts again lowered their forecasts for world corn production and stocks in FY 2024/25. But the market hardly reacted to it, given the unexpected increase in the US crop forecast.   Analysts had expected a reduction in US corn preharvest acreage and yield estimates from 183.1 to 182.4 bushels/acre, but USDA experts kept the acreage unchanged and raised the yield forecast to 183.6 bushels/acre (11.51 t/ha ), and, accordingly,...

In the September WASDE supply and demand report from the USDA, the forecast for the world production of oilseeds in 2024/25 MY was reduced by 3.12 to 687.42 million tons (657.82 million tons in 2023/24 MY), in particular, sunflower – by 2 million tons and rapeseed - by 1.27 million tons, which is partially compensated by an increase in the soybean harvest by 0.47 million tons.   Compared to the August estimates, the new balance for soybeans for FY 2024/25 is almost...

In September's supply and demand report, USDA experts lowered their 2024/25 global wheat production forecast and raised their forecast for consumption and ending stocks (due to an adjustment to opening stocks), which surprised the market. For the USA and the Russian Federation, the balances were left unchanged, although analysts expected a decline in the forecast for the harvest in the Russian Federation and exports from the USA. Wheat quotations on the exchanges yesterday fell by 0.1-0.9%,...

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 3800 140 Mustard seeds 25000 Peas 13000 12800 250 Buckwheat 9000 330 Rye grade IV 5900 7500 ...

Oil prices have fallen 10% in the past two weeks, but Malaysian palm oil quotes are down just 1%, although they are usually closely linked.   According to the Malaysian Palm Oil Council (PMOC) report released yesterday, in August, the country's palm oil production increased by 2.87% compared to July to 1.89 million tons, while exports decreased by 9.74% to 1.53 million tons, as a result of which stocks increased by 7.34% to a 6-month high of 1.88 million...

A lower than 2023 rapeseed harvest in Ukraine and a possible reduction in rapeseed production in 2025 are forcing traders to actively buy Ukrainian rapeseed, sometimes offering prices at which factories in the EU buy rapeseed from their farmers.   Rainfall has occurred in the western and central regions of Ukraine, which will improve the condition of rapeseed crops and allow to speed up sowing.   As of September 9, 534,700 hectares or 48% of the planned areas were sown...

Purchase prices for corn in Ukraine rose to the level of feed wheat prices this week amid limited supply from producers and forecasts of a reduced harvest.   Since Monday, export prices for corn for delivery to Black Sea ports have risen by $3-5/t to $180-185/t or UAH 8,350-8,500/t, while traders are already offering $188-189/t for delivery in December.   In 2023/24 MR, the main buyers of Ukrainian corn were Spain, China and Egypt. But this year, the corn harvest in 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 3800 140 Mustard seeds 25000 Peas 13000 12800 250 Buckwheat 9000 330 Rye grade IV 5900 ...