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Global markets saw a sharp speculative rise in wheat, soybean and corn prices on Monday, driven by dry and hot weather in Brazil that could reduce crop potential.   In addition, the Mars agency lowered the corn yield forecast in the EU, which contributed to the growth of wheat and corn quotations.   December futures rose yesterday: by 2.5% to $214.36/t – for soft winter SRW wheat in Chicago, by 2.3% to $212.1/t – for hard winter HRW wheat in Kansas...

Despite lower oil and canola prices, oilseed rape quotes on the Paris exchange rose 2.7% yesterday to the highest level since July at €475.25/t, or $528/t, amid the EU government's intention to reduce the number of CO2 certificates, which will affect biofuel markets, as well as soy and palm oil imports.   Oil prices rose last week and supported vegetable oil prices, but on Monday they were down 1% on the prospect of a war between Israel and Lebanon or Iran. Israel continues...

Crop monitoring service MARS lowered its average EU corn and sunflower yield forecasts in its September report, but raised its forecast for soybean and sugar beet yields. Yield estimates were lowered for Central and Eastern Europe, while those for Western regions were raised.   The heat in the south-central and eastern regions of Europe had a negative effect on the accumulation of biomass and shortened the grain filling period. In Romania, Bulgaria, Hungary, Slovakia and Austria, 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, $ Vetch 20000 Wheat mill offals 4000 145 ↑ 5 Mustard seeds 24250 Peas 13000 12800 7150 Buckwheat 9000 Rye...

The 3.8% increase in oil prices for the week caused by the instability in the Middle East led to an increase in the prices of vegetable oils.   November palm oil futures on Bursa rose 3.5% for the week to 3,947 ringgit/t or $907/t (+2.5% on the month) amid a pick-up in exports in September after a contraction in August.   According to ITS data, for September 1-20, Malaysia increased palm oil exports by 10% to 953.98 thousand tons compared to the same period in...

Difficulties with the harvesting of spring wheat in the east of the Russian Federation and the sowing of winter wheat in Ukraine and the southwest of the Russian Federation support the demand for Black Sea wheat, the prices of which remain at $215-225/t FOB, while the prices of French and German wheat exceed $240/ t FOB.   In Ukraine, during the week, export purchase prices for food wheat increased by another 100-150 UAH/t to 9400-9500 UAH/t or $203-205/t, and for fodder - by 150-200...

According to the Ministry of Agriculture, as of September 19, 31.875 million tons of grain and leguminous crops were harvested in Ukraine from 7.511 million hectares or 68% of the area with an average yield of 4.24 tons/ha. Last year, on September 21, 29.8 million tons of grain and leguminous crops were harvested from 6.841 million hectares or 63% of the area with a yield of 4.36 tons/ha.   Harvesting of late grains, which are currently threshed, is also underway: corn –...

Global soybean prices remained stable over the past week and have not yet reacted to the lack of rainfall in the main soybean-growing region in Brazil and delays in the planting campaign. Meanwhile, soybean export prices in Ukraine continue to rise due to low supply.   As of September 19, 49% or 1.293 million hectares (out of 2.6 million hectares) have been harvested in Ukraine, yielding 2.64 million tons with an average yield of 2.04 t/ha compared to 2.43 t/ha last...