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Speculative growth of wheat prices continues on world exchanges, caused by the worsening of the situation in the Middle East, the drought in Ukraine and the Russian Federation, the strike in the USA and the possible blocking of exports from Kazakhstan. During the week, quotations rose by 5.8-7.3% to the highest levels since June.   Yesterday, December futures rose in price: by 2.7% to $226.1/t - for soft winter SRW wheat in Chicago (+6% in three sessions), by 3.5% to $227.5/t...

The authorities of the Russian Federation have banned the import and transit of grain and other types of agricultural products from Kazakhstan, allegedly due to non-compliance with phytosanitary requirements. But market participants consider this a response to Kazakhstan's recent ban on grain supplies from the Russian Federation.   This year, Kazakhstan plans to collect a record 27.7 million tons of grain, of which it will be able to export about 9 million tons. The country...

Ports on the Atlantic coast of the United States stopped work as tens of thousands of port workers went on strike for the first time in 50 years, the Financial Times reports.   The strike began after the expiration of the collective agreement of the International Association of Port Handlers (ILA), while negotiations on a new agreement, which will cover 25,000 workers, have been deadlocked for several months due to disagreements over pay and labor automation, says a representative of...

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 21750 Wheat mill offals 4000 155 170 Mustard seeds 24500 ↓ 500 Peas 13000 13125 5900 ↓ 1250 Rye grade IV ...

The increasing probability of an open war between Iran and Israel with the involvement of other countries in the conflict led to a sharp increase in wheat exchange prices.   Yesterday, December futures rose: by 2.6% to $220/t - for soft winter SRW wheat in Chicago, by 2.5% to $219.8/t - for hard winter HRW wheat in Kansas City, by 2.1% to $233.2/t - for hard spring HRS-wheat in Minneapolis, by 2.4% to €227.5/t or $251.6/t - for wheat on the Paris...

After Israel destroyed the leaders of Hamas and Hezbollah and began an operation in Lebanon to clear the border zone of terrorists, Iran attacked Israel with hundreds of ballistic missiles.   But Israeli Prime Minister Benjamin Netanyahu said that "the country's best air defenses in the world repelled the attack, and Iran will soon pay for its actions."   The Wall Street Journal reports that Israel has warned Iran of direct strikes on nuclear or oil...

Egypt plans to change its food subsidy system and switch to direct subsidies instead of subsidized supplies, as this will be more efficient, according to economists.   For several decades, the country's authorities provided a significant part of the population with bread instead of other products at subsidized prices, and previous attempts to reform this program led to protests.   In 2023, Egypt imported 11 million tons of wheat, half of which was purchased by 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 21750 Wheat mill offals 4000 155 170 Mustard seeds 25000 Peas 13000 13125 ↑ 325 7150 Rye grade IV 6400 ...