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In the December supply and demand report, USDA experts raised the forecast for world production of oilseeds in FY 2024/25 by 1.16 to 683.38 million tons (657.49 million tons in FY 2023/24), including soybeans by 1.74 million tons and cotton - by 0.5 million tons, which compensates for the decrease in rapeseed production by 1.06 million tons.   Compared to the November estimates, the new soybean balance for the 2024/25 MR has undergone the following changes: The estimate of...

In December's supply and demand report, USDA experts unexpectedly lowered their estimate of global corn stocks in 2024/25 due to a reduction in their production forecast and a sharp increase in their consumption forecast, sending Chicago futures higher.   In FY 2024/25, world stocks are expected to be 20 million tons lower than last year, and global corn consumption is expected to exceed production by 20 million tons amid increased ethanol processing in the US and Brazil, while...

In the December supply and demand report, USDA experts slightly lowered their forecasts for world wheat production, consumption and exports. Following the FY 2023/24 balance sheet adjustment, the opening stock estimate has been raised, resulting in an increased forecast for FY 2024/25 ending stocks, although they will still be the lowest since FY 2015/16.   Wheat quotations, after falling in November by 4.6-7.7% in December, fell by another 2.2-5.6% against the background of weak...

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 10000 Wheat mill offals 5500 Mustard seeds 25000 25167 Peas 13250 ↑ 250 11200 378 Buckwheat 290 ...

Demand for Ukrainian corn has gradually eased in recent months as world prices have fallen, but limited supply from Ukrainian farmers is forcing traders to raise prices to fulfill contracts.   In 2024/25 MR (as of December 9), Ukraine exported 7.68 million tons of corn, which is only 4.5% ahead of last year's corresponding figure (7.35 million tons), although at the beginning of the season the export rates significantly exceeded last year's. The decrease in demand from the EU...

An order has appeared on the website of the Ministry of Agricultural Policy of Ukraine, which approves the minimum prices for agricultural products subject to the export support regime.   The document establishes for December the minimum prices for goods of certain UKTZED categories (0409 00 00 00, 0802 31 00 00, 0802 32 00 00, 1001, 1002, 1003, 1004, 1005, 1201, 1205, 1206 00, 1507, 1512, 1514, 2306).   The table shows the minimum allowable export prices in US dollars per...

Stronger EU biodiesel demand and a quick recovery in rapeseed prices in Paris after a 10% collapse supported EU sunflower oil and Ukrainian sunflower oil prices.   February rapeseed futures on the Paris MATIF yesterday rose 1.3% to €532.75/t or $562.5/t (-0.7% on the month) amid curbed sales by farmers.   January canola futures on the Winnipeg exchange rose 6.9% in 3 sessions to CAD 619/t or $437/t (-7.9% on the month), although they remain under pressure from low...

The European Union and the bloc of South American countries MERCOSUR, which includes Argentina, Brazil, Paraguay and Uruguay, have completed work on a free trade agreement. Now 27 EU member states have to agree to it.   The agreement will be the largest for the EU both in terms of the population of the partners and in terms of the amount of tariff reduction, which will amount to 4 billion euros per year with a phased abolition over several years. This is the largest agreement for...