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In the October WASDE supply and demand report, USDA experts left the forecast for world production of oilseeds in FY 2024/25 at 687.32 million tons (657.56 million tons in FY 2023/24), although the forecast for sunflower production was increased by 0.14 million t, and rape and soybeans decreased by 0.12 and 0.28 million tons, respectively.   Sunflower production estimates are increased for Argentina and Moldova due to increased acreage, while soybean production forecasts are lowered...

In October's supply and demand balance sheet, USDA experts again lowered their 2024/25 FY 2024/25 global corn production and inventory forecasts and raised their estimate of consumption, which will significantly exceed production.   December corn futures on the Chicago Mercantile Exchange fell 0.7% to $163.7/t (+2.8% from the September report) on the report, as traders reacted to a cut in the import forecast for China, ignoring a slight adjustment to production estimates for the...

In October's supply and demand report, USDA experts lowered their forecasts for world wheat production and consumption in 2024/25 and raised their estimates of opening and ending stocks, sending quotes down 1%, although they rose 2.8-3% overall for the month. .5%.   In comparison with the September estimates, the new wheat balance for 2024/25 MR underwent the following changes:   The estimate of initial reserves was increased by 0.93 to 266.18 million tons (271.04...

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 25000 22500 Wheat mill offals 4250 160 Mustard seeds 25000 Peas 13000 13125 5900 Rye grade IV 6400 ...

A strong hurricane that covered the east coast of the United States led to a speculative increase in oil prices, which supported quotations of vegetable oils and canola.   December Brent oil futures rose by 3.6% to $79.4/barrel yesterday (+10% since the beginning of the month).   Meanwhile, December palm oil futures on the Malaysian exchange yesterday fell 0.4% to 4,233 ringgit/t or $987/t (+1.2% for the week) on data of a rise in domestic oil inventories and a sharp...

Indonesia's incoming president, Prabowo Subianto, who will take office on October 20, plans to increase the area under food crops by 3 million hectares (7.4 million acres) over five years as part of the country's self-sufficiency program.   Currently, agricultural land in Indonesia occupies 7.4 million hectares, which is 8.5% less than in 2015 (8.08 million hectares), as part of the land was transferred to housing and industrial zones.   An increase in cultivated...

According to traders, the Algerian grain agency OAIS purchased from 360 to 390 thousand tons of soft wheat at the international tender. As with the tender in Saudi Arabia, it is believed that mostly Russian wheat was purchased at a price of $262.5/t and above, which is equivalent to $230/t FOB Novorossiysk.   In recent weeks, the prices of Russian wheat offers have been actively growing and have already exceeded $232-235/t with delivery in October - November. This is due to...

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 25000 22500 ↑ 333 Wheat mill offals 4250 160 Mustard seeds 25000 Peas 13000 13125 5900 Rye grade IV 6400 ...