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Weather conditions that are not too favorable for winter wheat in Ukraine and the Russian Federation will reduce the harvest and export potential for both countries. Therefore, at the beginning of the season, traders keep the purchase prices at a high level, trying to assess the volume and quality of the new crop.   Heat at 30-35 o C in Ukraine and the south-west of the Russian Federation will improve the quality of wheat, but reduce its yield. But if the temperatures drop in Ukraine...

August soybean oil futures on the Chicago Stock Exchange rose 6.8% this week to the highest level since April at $1,035/t amid increased use of soybean oil in US biodiesel production and higher oil prices.   According to the USDA, in May the volume of soybean processing in the USA increased by 7.9% compared to April to 5.23 million tons.   September Brent oil futures on the ICE Futures exchange in London rose by 10% to $86.3/barrel (+2.1% for the week) on the back of...

The new marketing season started on July 1, so it's time to take stock of the 2023/24 financial year. In total, in 2023/24, Ukraine exported 69.86 million tons of grain and oil crops, as well as vegetable oils.   In comparison with the previous season, exports increased in 2023/24 MR: wheat - by 9% to 18.43 million tons, corn - by 0.2% to 29.41 million tons, rapeseed - by 8.7% to 3.7 million tons, sunflower oil - by 22.8% to 6.54 million tons, sunflower meal - by...

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 ...

Against the background of unfavorable weather conditions, the Strategie Grains agency lowered its forecasts for the harvest of oil crops in the EU in 2024, in particular, rapeseed - from 17.94 to 17.8 million tons, soybeans - from 3.04 to 2.99 million tons, sunflower - from 10 .72 to 10.49 million tons.   In northwestern Europe, rains are continuing, delaying rapeseed harvesting, but processors still have sufficient stocks of the old crop. Vegetable oil prices are rising amid a...

Corn prices in Chicago remain under pressure from increased acreage and heavy U.S. inventories, while the acceleration of harvest in South America will keep quotes from rising in the near term.   According to the Buenos Aires Grain Exchange, 54.9% of corn has been harvested in Argentina, the average yield is 6.93 t/ha, and grain moisture has decreased to optimal values.   The AgRural agency reports that in Brazil, against the backdrop of dry and hot weather, corn of the...

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 ...