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The MARS crop monitoring service on Monday raised its forecast for the EU common wheat yield in 2025 from 6.04 to 6.05 t/ha compared to its May estimate, which would be 9% higher than last year and 5% above the 5-year average. Despite dry conditions in northern Europe, the weather in southern regions is conducive to crop formation.   France and the Benelux countries suffered from a rainfall deficit at a time when winter crops were in the grain filling stage. However, significant...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Oil prices fell sharply by 8% the day after Iran reached a ceasefire with Israel, leading to a sharp pullback in stock prices for all agricultural products. Rapeseed and canola prices fell by 3% in a day and increased pressure on rapeseed and sunflower prices in Ukraine. Sunflower prices in Ukraine were supported by rising oil prices last week,...

The sharp increase in oil prices last week increased demand for vegetable oils and Ukrainian farmers' hopes that sunflower prices would rise again to the level of 27-28 thousand UAH/t, but the fall in oil prices turned oilseed markets downward.   During the week in Ukraine, prices for sunflower with 50% oil content increased by 400-500 UAH/t to 26,000-26,200 UAH/t (or $545-550/t excluding VAT) with delivery to the factory, supported by rising prices for sunflower oil in the EU...

The news that Iran and Israel are ceasing fire and Trump's call not to raise oil prices led to a sharp drop in August oil futures yesterday by 7.7% to $71.5/barrel, which caused a significant decrease in canola and rapeseed prices.   Iran's response to the US attack on the country's nuclear facilities was less serious than expected, as 14 Iranian missiles sent to a US base in Qatar were intercepted, and President Trump announced that Israel and Iran would cease fire from...

On Monday, wheat prices partially offset last week's speculative increase of 4-5.6%, caused by the start of an open war between Israel and Iran, as a result of statements about a ceasefire and increased wheat harvest forecasts in the Russian Federation.   The Argus agency has increased its forecast for the Russian wheat harvest in 2025 by 4.5 million tons to 84.8 million tons, while the USDA estimates it at 83 million tons.   The Rusagrotrans analytical center predicts...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF The US joining Israel in its strikes on Iran has heightened concerns about the war spreading across the Middle East and continues to push up oil prices. But the situation in Iran could change dramatically, as it did in Syria, so oil prices could rise or fall.   High oil prices support the prices of raw materials for biofuels, so quotes for...

After the start of an open war between Israel and Iran, global oil prices have risen by 15%, leading to a sharp increase in diesel prices, especially in Europe and Ukraine. The increase in diesel prices is outpacing the increase in oil prices, Reuters reports.   ICE Low Sulfur Gasoil diesel prices have increased by almost 15% since June 12, continuing a previous trend driven by high global demand and low fuel stocks in the US and EU.   Gasoline and diesel prices in Ukraine...

Brazilian farmers are increasingly planting soybeans deep in the Amazon rainforest, putting pressure on the Amazon Soy Moratorium, a voluntary agreement signed by leading global grain traders in 2006 to prevent deforestation, under which traders agreed not to buy soybeans grown on land cleared after 2008, Reuters reports. The moratorium protects primary (old-growth) rainforests that have never been logged before, but excludes many other types of vegetation and forests, including secondary...