-
Speculative growth in canola prices continues despite increased production forecast in Australia
04.12.2024
Speculative growth in rapeseed prices, caused by a shortage of physical supplies, continues on European exchanges. Against the background of significant volumes sold on the exchange, quotes rose by 2.6% yesterday, almost reversing the decline of the previous week. February rapeseed futures on the Paris MATIF rose 2.5% to €527.25/t or $554/t yesterday, up 7% in 4 sessions after falling 10% earlier. So far, quotes haven't reacted to increased forecasts for Australia's...
-
India increased vegetable oil imports to a 4-month high in November
04.12.2024
India boosted its imports of vegetable oils to a four-month high in November as refiners actively replenished stocks after strong demand for sweet and fried foods during the Dussehra and Diwali holidays in October and November, Reuters reported. Thus, compared to October, the import of vegetable oils increased by 12% to 1.6 million tons, in particular, sunflower oil - by 43% to 341 thousand tons, soybean oil - by 20% to 410 thousand tons, while palm oil supplies increased only by...
-
Brazil Soybean Crop Forecast Raised Again, But Prices Remain Steady on U.S. Refinery Buildup
03.12.2024
Strong soybean planting rates and good rainfall in Brazil continue to improve crop prospects, but soybean quotes remain consistently low. According to AgRural data, 91% of the planned area was sown with soybeans in Brazil on November 28, compared to 85% last year. The Celeres agency increased the soybean production forecast in Brazil in 2024/25 by 1 million tons to 170.8 million tons, and the export forecast to 107 million tons. At the same time, the Agroconsult agency...
-
Purchase prices for grains in Ukraine on December 3, 2024
03.12.2024
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 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 330 Buckwheat 11500 270 ...
-
Good US weather and harvests in Argentina and Australia put pressure on December wheat futures
03.12.2024
Global wheat prices remain under pressure from harvests in Australia and Argentina, where production forecasts are improving, as well as heavy snowfall in the US Plains, which replenishes moisture and protects crops with up to 1.5m of snow. ABARES raised its forecast for Australia's wheat harvest in FY2024/25 to 31.9 million tonnes, which would be in line with the USDA forecast and 23% higher than FY2023/24. According to the MSG of India, as of November 29, 20...
-
The IGC predicts that in 2025, the world area of rapeseed will grow
03.12.2024
According to the new forecast of the International Grains Council (IGC), in 2025/26, the global rapeseed area will grow compared to the current season by 1.4% to a record 44.1 million hectares, in particular in the EU - by 4% to 6 million ha, as the low yield of the 2024/25 season greatly reduced production. The high level of rapeseed prices will also contribute to the increase of sowing areas, the IGC believes. But the prospects for the future harvest in the main exporting...
-
Purchase prices for grains in Ukraine on December 2, 2024
02.12.2024
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 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 330 Buckwheat 11500 270 ...
-
Palm oil futures in Malaysia rose 8% for the week, supporting sunflower oil prices
02.12.2024
Palm oil futures in Malaysia rose 8% over the past week amid possible supply disruptions due to heavy rains that have reduced already low output. February palm oil futures on Bursa rose 2.82% to 5,023 ringgit/t or $1,131.3/t on Friday, adding 8.21% for the week, the biggest weekly gain since June 2023 . Experts believe that heavy rains, especially in the east and north of Malaysia, will worsen the already weak production of palm oil in the country. In some states,...
