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Rainfall improves wheat crop condition, continuing to put pressure on prices
17.06.2025
Wheat prices rose 2-3% on Friday after the start of open war between Israel and Iran, but fell again on Monday, falling by 0.3-1% overall for the week amid favorable weather in the US, the EU, and the Black Sea region. According to the USDA's weekly report, thanks to favorable precipitation in the United States, the number of spring wheat crops in good or excellent condition during June 9-15 increased by 4% to 57% (76% last year). But rains are delaying the harvest, so winter...
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Purchase prices for grains in Ukraine on June 16, 2025
16.06.2025
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Israel's strikes on Iran and retaliatory attacks during Friday-Sunday led to a sharp increase in oil quotes by 7%, which supported futures on agricultural crops. But Iran's statements about its readiness for negotiations reduced speculative pressure on oil quotes. Prices for grain and oilseeds in Ukraine remain in the same trend as last week...
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Soybean oil prices in Chicago rose 6% and will continue to rise amid proposals to increase biofuel production in the US and a jump in oil prices
16.06.2025
July soybean oil futures in Chicago rose 6% to $1,112/t on Friday (+3% for the month) and have now reached $1,164/t (+11% from Thursday) amid a sharp 7% jump in oil prices caused by Israeli strikes on Iran and the US government's decision to sharply increase US biofuel production mandates for 2026 and 2027 by more than producers had requested. August Brent crude futures rose 11% on Friday amid the open war between Iran and Israel, but closed the session up 7.26% to...
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Israeli strikes on Iran have led to a sharp increase in oil and agricultural prices, but the expected ceasefire is putting pressure on quotes
16.06.2025
Following Israel's massive strike on Iran on June 13, 2025, which hit military and nuclear weapons facilities and eliminated almost all of Iran's top military and nuclear program leadership, oil prices rose 11% on Friday. By the end of the session, it became clear that Iran would not be able to adequately respond to such powerful strikes, so August Brent crude futures rose by 7.26% per day to $74.1/barrel (+14% per month). The main reason for the rise in oil...
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Pea production in Ukraine may decline, but export demand will continue to grow
16.06.2025
As of June 5, 2025, 212 thousand hectares were sown with peas in Ukraine, or 98% of the projected 217.4 thousand hectares, which corresponds to last year's figure, although analysts predicted an increase in areas to 250 thousand hectares. The most peas were sown in: Odesa region – 60.7 thousand hectares, Mykolaiv region – 27.5 thousand hectares, Kirovohrad region – 18.7 thousand hectares, Dnipropetrovsk region – 17.2 thousand...
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Purchase prices for grains in Ukraine on June 13, 2025
13.06.2025
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Wheat prices in Ukraine continue to fall to the level of new crop prices , and stock market quotes are falling under the pressure of forecasts of good harvests in exporting countries. Even the forecast of a decrease in world stocks from the USDA could not support prices. Corn prices in Ukraine remain at UAH 10,400–10,600/t delivered to port as...
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USDA raises global soybean stock forecast, will continue to pressure prices
13.06.2025
The USDA's June report raised its estimate of global soybean beginning and ending stocks , keeping the market under pressure in the near term. The balance for 2024/25 MY is almost unchanged, but the following changes have occurred for 2025/26 MY: Main indicators of the soybean balance for the 2025/26 MY (compared to...
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USDA again lowered its forecast for world corn stocks, but the market reacted calmly
13.06.2025
The USDA's June report again lowered its global corn stock estimates for the 2024/25 and 2025/26 MYs, largely due to higher consumption estimates. However, the market reaction was muted, with futures up just 0.1-0.3% as traders anticipate strong harvests in the US and Brazil and remain cautious about weak demand from China. Quote movement: July CBOT futures : $172.4/t (+0.3% on the day, -2.3% from May report) December futures : $173.2/t (+0.1%,...