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After a tumultuous two-week rise in rapeseed prices in Paris by 10%, analysts had expected a 2-3% decline, but over the last two sessions, quotations fell by 5.3% under the pressure of falling oil prices, as well as soybean and palm oil.   Investment funds actively sold contracts, locking in profits, but the general decline in the oil complex strengthened the technical selling of futures.   Yesterday, August rape futures fell by 2.4% to €482/t or $521.5/t (+3.6% for...

Ahead of the USDA's July report, analysts are publishing their own forecasts, according to which the US corn crop will increase by 6.5 million tons to 383.9 million tons compared to June's estimate, thanks to the expansion of planted areas. It is also expected that there will be an increase in the estimate of ending stocks in FY 2023/24, which will negatively affect prices.   Against the background of favorable weather for crops, December corn futures in Chicago fell 14.4%...

After a speculative gain of 11% since the start of July, soybean oil futures fell yesterday amid an improvement in the state of the US soybean crop and traders taking profits.   August soybean futures on the Chicago Mercantile Exchange fell 4.3% to $1,020/t yesterday, giving up a week's gain but still remaining 5% higher than a month ago.   According to USDA's NASS, the number of U.S. soybeans in good or excellent condition increased 2% to 68% for the week (51%...

By the end of August, the Ministry of Agriculture of Great Britain plans to complete work on the method of verification of grain grown in Ukraine, which will allow to determine whether the Russian Federation is exporting grain stolen from Ukraine under the guise of its own.   Deputy Minister of Agricultural Policy of Ukraine V. Holovnya said that "a tripartite group created together with the Ministries of Agriculture of Great Britain and Lithuania is working on methods of...

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 3750 160 Mustard seeds 425 Peas 13067 ↑ 217 10604 263 ↑ 3 280 Buckwheat ...

After a stormy two-week rise in rapeseed quotations on the Paris exchange, traders began to take profits, which led to a correction in prices.   Yesterday, August rape futures fell by 2.9% to €493.75/t or $534.7/t (+6.2% for the month), and November - by 2.6% to €501.5 /t or $543/t (+5.3%).   Oil prices fell on hopes of a de-escalation in the Middle East following the election of a new president in Iran, who said he would improve relations with the West and seek...

The first data on barley harvesting in the EU and the Russian Federation indicate that the average yield is lower than last year. In Ukraine, the yield of barley still exceeds last year's, but in some regions, where there was a shortage of precipitation, barley has a low nature and yield.   In France, winter barley has been harvested on 50% of the area, but the yield is much lower than the predicted MSG of 6.73 t/ha. Agritel analysts forecast the yield of winter barley in the...

Despite the news about the low yield in France, world wheat prices fell against the background of high harvesting rates and high yields of winter wheat in the USA and the Russian Federation.   In the US, on July 7, winter wheat was harvested on 63% of the area (52% on average over 5 years), and the yield exceeds last year, and the number of spring wheat crops in good or excellent condition for the week increased by 3% to 75% (47% last year ), which allows us to hope for a good...