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Purchase prices for grains in Ukraine on May 15, 2024
15.05.2024
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 3200 Peas 12750 Sugar beet pulp gran 155 Corn 7327 ↓ 9 6296 ↑ 62 5606 ↑ 111 166 ↓ 1 180 139 230 ↓ 5...
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Frosts in the Russian Federation damaged 500,000 hectares or 0.8% of the area under warm crops
15.05.2024
Frosts in the central regions of the Russian Federation led to a speculative increase in world wheat prices. We will remind that the authorities of the Russian Federation imposed a state of emergency in the Tambov, Lipetsk, Voronezh and part of the Volgograd regions due to frost. This year's candidate for the post of Minister of Agriculture of the Russian Federation, Oksana Lut, reported that 500,000 hectares of land will have to be reseeded due to frost...
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Purchase prices for corn in Ukraine are increasing against the backdrop of speculative wheat price increases
15.05.2024
A sharp speculative increase in wheat prices, caused by frosts in the Russian Federation and the USDA's forecast of a decrease in global ending stocks in 2024/25 MR, increased the pressure on corn quotes, which have no fundamental support factors, as the harvest and stocks are expected to be quite high. During the week, the purchase prices for corn in Ukraine rose by $5-8/t to $170-175/t or UAH 7,600-7,800/t with delivery to Black Sea ports against the backdrop of an increase...
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India in April increased imports of palm and soybean oil, but reduced the purchase of sunflower
15.05.2024
According to the Association of Oil Producers SEA, against the background of low prices for palm oil, India increased its imports in April by 40.9% compared to March to a 3-month maximum of 684,094 thousand tons, and soy oil - by 76.4% to 385,514 thousand tons , reducing the import of sunflower oil by 47.3% to 234,801 thousand tons. The total import of edible oils in April grew by 13% to 1.3 million tons. Crude palm oil (CRO) is offered for delivery in June at a price of $920/t CIF...
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Urea prices fell to 10-month lows and will continue to fall in line with gas prices
15.05.2024
June natural gas futures on New York's Nymex have surged 23% to a 3.5-month high on the back of escalation in the Middle East and cold weather in the U.S. since early May, but were down 1.55% yesterday ( -37% per year) due to rising temperatures and increasing production. Gas prices at the TTF hub (Netherlands) against the background of a warm winter in Europe during January-February of this year fell by 43% to a 3.5-year low, slightly recovered in March, and from April 1 to 16...
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Purchase prices for grains in Ukraine on May 14, 2024
14.05.2024
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 3200 Peas 13000 Sugar beet pulp gran 155 Corn 7304 ↑ 9 6234 ↓ 6 5495 ↑ 83 165 180 139 ↑ 2 228 ↓ 6...
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USDA raised forecast for global vegetable oil production and consumption in 2024/25, but lowered stock estimate, supporting quotes
14.05.2024
In a May report, USDA experts released the first balance of vegetable oils for 2024/25 MR, where compared to the previous season, they increased the forecast of world production by 2% and consumption by 3%, but lowered the estimate of ending stocks by 6%, which supported the quotation of soybean oil . According to the forecast, the world production of vegetable oils in 2024/25 FY will grow to 228.28 million tons (223.8 million tons in 2023/24 FY, 218.33 million tons in 2022/23 FY...
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Freezes and a decrease in the harvest forecast in the Russian Federation accelerate the rise in wheat prices, in particular in Ukraine
14.05.2024
Speculative growth in wheat prices continues on world exchanges, which increased by 14.6-21% during the month against the background of frosts in the EU and the Russian Federation and the USDA's projected reduction in global stocks in 2024/25 MR. Frosts up to -3...-8 o C slightly damaged spring wheat crops in the Voronezh and Kursk regions and became a speculative factor supporting prices, as did the recent frosts in the north of Europe, which damaged rapeseed crops, although...