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Harvesting of soybeans and sunflowers has begun in Ukraine
26.08.2024
As of August 23, Ukraine has harvested 32.02 million tons of the new crop from an area of 8.04 million hectares, according to the Ministry of Agrarian Policy and Food of Ukraine. In total, 28.59 million tons of grain and 3.42 million tons of oilseeds have been harvested in Ukraine. Wheat has been fully harvested on 100% of the planned area (4.8589 million hectares), yielding 21.74 million tons with an average yield of 4.47 tons per hectare, compared to 4.79 tons per hectare...
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Soy prices in Ukraine are beginning to gradually increase due to declining yield forecasts, but futures prices on global exchanges continue to fall
23.08.2024
In Ukraine, the intensifying drought is negatively affecting the potential yields of soybeans, sunflower, and corn, as well as complicating the timely sowing of winter rapeseed. Despite this, global market prices remain relatively stable. The soybean harvest forecast in Ukraine is being revised downward. According to ASAP Agri, the harvest could be around 5.7 million tons, compared to the USDA's forecast of 7.3 million tons. However, some experts believe the harvest could drop...
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Purchase prices for grains in Ukraine on August 23, 2024
23.08.2024
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 3800 Peas 13000 ↓ 300 13200 270 Buckwheat 10500 Rye grade III 5850 Rye grade IV 5700 ...
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Increasing drought in Ukraine and southwestern Russia, as well as a heat wave in the US, will affect markets in the coming weeks
23.08.2024
Traders continue to closely monitor the weather conditions in the Black Sea countries, where increasing drought significantly reduces the yield potential of late crops and may make it difficult to plant winter rapeseed and wheat at optimal times. A sharp rise in temperatures to 34-35 degrees is forecast for next week in the US Corn Belt, which could add stress to soybeans and corn, especially in regions with insufficient rainfall. In Ukraine and the south-west of...
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Ukraine has established its first state agricultural land operator
23.08.2024
The State Property Fund has completed the corporatization of the "Agrarian Investment Fund," forming the new "State Land Bank," according to the SPF's press service. This is the first state operator of agricultural lands in Ukraine, fully owned by the state. The newly created company is a crucial final step in the "Land Bank" project before the official launch of the first online auctions for leasing state lands. "We have made...
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The Ministry of Agrarian Policy has lowered its forecasts for the harvest of late crops in Ukraine
23.08.2024
The Ministry of Agrarian Policy forecasts this year’s corn harvest in Ukraine to be around 25 million tons, according to Taras Vysotskyi, Acting Minister of Agrarian Policy and Food of Ukraine. “As for wheat, we expect a harvest of 21.8 million tons. Regarding corn, after the USDA released its forecast of 27 million tons, we see the situation less optimistically and expect a harvest of around 25 million tons,” Vysotskyi noted. He also added that the...
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Purchase prices for grains in Ukraine on August 22, 2024
22.08.2024
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 3800 ↑ 100 Peas 13300 13200 250 270 Rye grade III 5850 Rye grade IV 5700 Coriander 21500 ...
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In 2023/24 FY, Ukraine exported more than 50% of soybean meal to Poland
22.08.2024
According to IA "APK-Inform", in September - July 2023/24, the Republic of Ukraine exported 653,000 tons of soybean meal, which was 23% more than the corresponding indicator of the previous season. About 88% of this volume (82% in 2022/23 MR) was exported to the European Union countries, which increased the purchase of Ukrainian meal by 33% compared to the previous season. In particular, deliveries of soybean meal to Poland for 11 months of 2023/24 MR increased compared...
