News

A lower than 2023 rapeseed harvest in Ukraine and a possible reduction in rapeseed production in 2025 are forcing traders to actively buy Ukrainian rapeseed, sometimes offering prices at which factories in the EU buy rapeseed from their farmers.   Rainfall has occurred in the western and central regions of Ukraine, which will improve the condition of rapeseed crops and allow to speed up sowing.   As of September 9, 534,700 hectares or 48% of the planned areas were sown...

Purchase prices for corn in Ukraine rose to the level of feed wheat prices this week amid limited supply from producers and forecasts of a reduced harvest.   Since Monday, export prices for corn for delivery to Black Sea ports have risen by $3-5/t to $180-185/t or UAH 8,350-8,500/t, while traders are already offering $188-189/t for delivery in December.   In 2023/24 MR, the main buyers of Ukrainian corn were Spain, China and Egypt. But this year, the corn harvest in 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, $ Wheat mill offals 3800 140 Mustard seeds 25000 Peas 13000 12800 250 Buckwheat 9000 330 Rye grade IV 5900 ...

Soybeans on the Chicago Mercantile Exchange have recently rallied after falling to multi-year lows in mid-August. But they fell slightly yesterday in anticipation of a new report from the USDA, which may raise forecasts for US soybean production and stocks.   November soybean futures in Chicago fell 2.1% to $366.4/t yesterday, giving up all of the week's gains, but trading 1.3% higher than a month ago.   A Bloomberg survey showed that analysts expect a new USDA report...

Egypt's GASC held an international and local tender for the purchase of vegetable oils on September 10, where it purchased a large batch of sunflower oil, albeit at a higher price than in August, but refused to purchase imported soybean oil due to the high price. Currently, soybean oil in Chicago is traded much cheaper than palm and sunflower oil, but buyers did not lower prices at the tender.   As with the previous tender on August 7, yesterday's auction saw 14 sunflower oil...

Yesterday, oil prices fell another 3.6% to a 16-month low, having already lost 11.3% of their price in September on expectations of a reduction in global energy demand and news of a slight increase in imports from China.   Morgan Stanley also lowered (for the second time in two weeks) its forecast for Brent oil prices in the 4th quarter from $80 to $75/barrel, which increased the pressure on quotes.   News from China was mixed for energy demand and crude oil prices. On 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, $ Wheat mill offals 3800 Mustard seeds 25000 Peas 13000 13125 250 Buckwheat 330 Rye grade IV 5900 ...

Statistics Canada (StatCan) yesterday released its 2023/24 end-of-year stocks report, according to which, as of early August, the country's canola stocks reached a 4-year high of 3.1 million tonnes, a 67% increase from the previous season. However, the market reacted to this quite unexpectedly, and the quotations rose by 2.5%.   A new season began in Canada on August 1, but canola harvest rates remain quite low. Thus, as of September 3, in the province of Saskatchewan, canola has...