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Corn harvesting in Ukraine began a week earlier than in the previous season
02.09.2024
According to the Ministry of Agriculture, as of August 29, 28.712 million tons of grain and leguminous crops were harvested in Ukraine from 6.802 million hectares or 62% of the area with an average yield of 4.22 tons/ha. In the Cherkasy and Poltava regions, 29.7 thousand tons of corn were collected from the first 6.6 thousand hectares with a yield of 4.5 tons/ha. Also collected on the specified date: sunflower – 419.4 thousand t from 256.5 thousand ha or 5% of the area...
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Drought in Ukraine, Brazil and part of the Russian Federation can significantly reduce the cultivated area
02.09.2024
Traders' attention is focused on the weather in Ukraine and the south-west of the Russian Federation, where dry and hot weather prevents the sowing of winter rapeseed and wheat. In addition, increasing heat in central Brazil will not allow soybean sowing to start on time. In the Black Sea countries last week, dry and hot weather continued to reduce the potential of soybean, corn and sunflower crops, which have already begun to be harvested. Minor thunderstorms occurred in some...
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Purchase prices for grains in Ukraine on August 30, 2024
30.08.2024
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, $ Vetch 330 Wheat mill offals 3800 Mustard seeds 25000 Peas 13000 13125 250 265 Buckwheat 10500 320 Rye...
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India is planning to introduce a duty on the import of vegetable oils, which will limit the rise in prices
30.08.2024
The Reuters agency, citing its own sources, reported that the Indian government plans to increase the import duty on vegetable oils to protect its farmers from lower oil prices. Such a decision, which may be taken in the coming weeks, will lead to a reduction in the demand and supply of palm, soybean and sunflower oil to the country. Amid rising oil prices, October palm oil futures on Bursa Malaysia rose 2.4% for the week to RM3,920/t or $906.8/t (+6% for two weeks), despite...
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The European Commission again lowered the forecasts of the grain and rape harvest in 2024/25 MY, which led to an increase in quotations in Paris
30.08.2024
Yesterday, the European Commission cut its forecast for EU crop production again, supporting the Paris stock market, which fell to record lows this week, even despite other agencies' recent forecasts for a lower harvest. According to the EC forecast, the production of cereals in the EU in 2024/25 MR will decrease compared to the previous season from 269.9 to 264.5 million tons, in particular soft wheat - from 125 to a 4-year minimum of 116.1 million tons (120 .8 million tons in...
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The low demand for ships and the shortage of orders are putting pressure on the cost of freight in the ports of Ukraine
30.08.2024
Weak demand for vessels and a small number of orders force shipowners to keep freight rates from Ukrainian ports at a low level, Spike Brokers company experts report. Thus, the cost of the freight of firecrackers from the Danube ports during the week almost did not change, only in the direction of the Eastern Mediterranean it decreased by $1/t. Barge freight rates to Ruse and Silistra also remain low, as do rates for handysizes. At the same time, tariffs for panamax...
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Purchase prices for grains in Ukraine on August 29, 2024
29.08.2024
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, $ Vetch 330 Wheat mill offals 3800 Peas 13000 13125 250 265 Buckwheat 10500 320 Rye grade IV 5700 Coriander...
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Unchanged canola crop forecasts in Canada and Australia restrain the growth of stock market quotations
29.08.2024
According to Statistics Canada (StatCan), domestic canola production in FY2024/25 is expected to grow by 1.6% from the previous season, from 19,192 to 19.5 million tonnes, which is 2.6% below the USDA forecast, but overall will correspond to the average estimate of analysts. On the report, November canola futures on the Winnipeg exchange fell 0.5% yesterday to CAD 596/t or $441.76/t (+3.3% for the week, -6.5% for the month). The Australian Oilseeds Federation (AOF)...
