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Export prices for soybean meal in Argentina fell below Chicago-based meal futures for the first time in two years amid weak demand and arrivals of the new soybean crop.   According to S&P Global Commodity Insights, Argentina is wrapping up its soybean harvest, with the FY2023/24 soybean crop expected to reach 50.5 million tonnes, nearly double the previous season's crop, which was hit by adverse weather conditions. Soybean processing will also increase by 40% to 40.5 million...

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 3850 170 Mustard seeds 425 Peas 13200 ↑ 100 10893 255 280 Buckwheat 500 Sugar beet pulp gran ...

According to the data of the Kyiv School of Economics (KSE), in May the prices of buying and selling agricultural land in Ukraine rose sharply and reached the maximum values for the entire time of the existence of the land market. Thus, the average cost of a hectare of land amounted to UAH 45,000, which was 8.2% higher than in April and 5.6% higher than in March of the current year.   At the same time, the price of a hectare of land designated "for commercial agricultural...

Data from the USDA's quarterly reports on planted area and stocks of old crops in the US again diverged from analysts' estimates. US farmers, despite large stocks and low prices for corn, still increased the area under corn, reducing the area under wheat, which surprised traders.   NASS USDA experts lowered their estimate of the U.S. wheat planting area by 0.258 million acres to 47.24 million acres (49.6 million acres in 2023 and 45.8 million acres in 2022) from their March...

USDA's quarterly U.S. seeded area and old-crop stocks reports, released on the last Friday of June, usually come as a surprise to traders. This year, analysts' estimates again fell short of USDA's projections, especially for acreage.   Despite high inventories and low prices, U.S. farmers increased corn acreage and decreased soybean and wheat acreage, although the market expected more acreage under high-margin crops.   NASS USDA estimates that 91.475 million...

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 3850 142 Mustard seeds 111 Peas 13050 ↓ 50 10893 255 280 Buckwheat 500 Sugar beet pulp gran 180...

Favorable weather in the spring and June of this year continues to improve the condition of the US soybean crop, increasing pressure on new-crop soybean quotes, which have already fallen to their lowest level since late 2020. Additionally, analysts' expectations for higher estimates of US soybean stocks and planted area in today's USDA reports are weighing on prices.   Yesterday on the exchange in Chicago, July soybean futures fell by 0.9% to $423.4/t (-6.7% for the month),...

Favorable weather conditions for crop development will continue in the US, EU and Australia this week and next, with occasional rainfall and temperatures within normal limits.   Rains from France and Germany have reached the Mediterranean and southeastern Europe , which will improve soil moisture in arid regions. Another cyclone will hit the continent next week.   Showers and thunderstorms have passed in the Black Sea region, but a deficit of precipitation persists in most...