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Since the beginning of the week, corn quotes in Chicago have increased by 2.3%, almost completely recovering the previous week's decline caused by the improvement in the global balance. Prices were supported by the delay in sowing and increased demand for American corn, which remains the cheapest on the market, which, in turn, stopped the decline in prices in Ukraine.   May corn futures in Chicago rose 1.8% yesterday to $176.8/t (+0.8% for the week, -0.7% for the month) on...

According to the latest forecast from the National Supply Company (Conab), Brazil will increase grain production in the 2025/26 MY by 4.1 million tons compared to the previous year to a record 356.3 million tons, which is 2.9 million tons higher than the March estimate. At the same time, the sown area will increase by 2% to 83.3 million hectares.   Reduced rainfall in March has accelerated soybean harvest, which is now 85.7% harvested. The soybean crop is expected to reach a record...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals6000 ↓ 250Mustard seeds35000Peas1150011117Rye7500Coriander32000Corn106739217 ↑ 117214217Soybean hulls granulated150Soybean meal19000350Sunflower oil cake195Sunflower...

During the week, palm and soybean oil quotes fell by 6.7% and 4.5% respectively following a 15% drop in oil prices, which is adding pressure to sunflower oil prices, which have so far refrained from falling.   Prices for sunflower oil delivered to India remained at $1,430-1,435/t CIF Mumbai during the week, and demand prices for Ukrainian sunflower oil were at $1,300-1,310/t for delivery to Black Sea ports.   At the same time, purchase prices for sunflower in Ukraine...

The resumption of negotiations with Iran led to a decline in oil prices (insert link to oil news), and consequently, in palm and soybean oil prices, which increased pressure on sunflower oil prices.   June Brent crude futures fell 15% to $95/barrel in a week (-1% in a month, +35% since the start of the war) and accelerated their decline yesterday on news of the passage of about 20 ships through the Strait of Hormuz.   May futures on the Bursa Malaysia exchange fell 6.7% in...

The closure of the Strait of Hormuz by the US military to ships heading to/from Iran worsened Iran's financial situation, so it decided to return to negotiations with the US.   According to Reuters, representatives of the United States and Iran plan to hold talks in the Pakistani capital this week.   According to The New York Times, in Pakistan, the US offered Iran a compromise formula: freezing nuclear development for 20 years while abandoning the demand for their...

According to the USDA FAS forecast, in the 2026/27 MY, sunflower production in Ukraine will decrease by 15% to 12.8 million tons compared to the previous season, rapeseed production will decrease by 8% to 4 million tons, and soybean production will decrease by 24% to 4.7 million tons.   At the same time, the area under sunflower will increase by 6% to 5.4 million hectares, and under soybeans will decrease by 11% to 1.8 million hectares, but the total area under oilseed crops will be...

Russian wheat prices fell last week amid weaker demand from importers and falling global currencies, while adverse weather slowed exports from Russian ports in the first decade of April.   According to IKAR, prices for May deliveries of Russian wheat fell by 12.5% to $236/t FOB Black Sea. And "SovEkon" reports that during the week prices fell from $238-240/t to $237-239/t. Importers from the Black Sea region are reducing purchases, and Turkey and Egypt are preparing to...