News

A sharp increase in vegetable oil imports into India has led to a shortage of free storage tanks at the country's major ports, delaying ship unloading by up to 10 days and could force processors to cut purchases in the near future.   The situation is most difficult at the port of Kandla (which handles a third of edible oil imports), where at least 9 ships with 300,000 tons of oil are waiting to be unloaded. The port of Holdia, the second largest importer of vegetable oils, also...

On Friday, September 4, wheat quotes on US exchanges fell by 2.8-5.8%, as traders began to book profits ahead of the long weekend (Labor Day in the US on Monday) after active growth in recent weeks amid talks by the US delegation in Kyiv and Moscow, which give hope for a truce and the resumption of exports from the Black Sea region.   Given Friday's decline, wheat quotes on US exchanges fell by 2.6-5.7% for the week after a sharp increase of 4.2-11.2% the week before last. And...

According to S&P Global Energy, prices for soybean meal and corn in Europe have reached record levels amid a sharp rise in futures and rising premiums for physical deliveries.   According to estimates by Platts, part of S&P Global Energy, for the period August 27 - September 2, the price of soybean meal increased by €18/t to €400/t or $464.88/t FOB - Netherlands and €403/t EXW Spain, and for corn - by €4/t to €248/t EXW Spain.   Prices are...

Grain and oilseed procurement prices in Ukraine remain largely stable at the beginning of the new week. At the same time, the corn market is showing some strengthening in demand, with the CPT terminal price rising to UAH 8,300/t, while key price levels for wheat, sunflower seeds, soybeans and rapeseed have remained largely unchanged.   As of September 7, 2026, Grade 2 wheat is being purchased at UAH 8,700/t, corn at UAH 8,300/t, barley at UAH 6,420/t, sunflower seeds at UAH 19,600/t,...

The American delegation, led by Witkoff and Kushner, which included representatives of the National Security Council, the State Department, and the Treasury Department, met with Putin and other Russian officials in Moscow on September 5 to discuss the next steps toward a peaceful settlement. On September 6, the American delegation arrived in Ukraine, where it met with Zelensky and representatives of the Ukrainian government. It should be recalled that Witkoff has been to Moscow 8 times, but has...

Mutual strikes by the US and Iran on military facilities and oil tankers have once again halted the passage of ships through the Strait of Hormuz, keeping oil prices at their highest level since May.   November Brent crude futures rose 9.3% during the week to a 3.5-month high of $96.2/barrel (+18% for the month).   Crude oil prices rose to a six-week high on signs of a tightening global supply. Saudi Arabia’s crude exports fell to a nine-year low of 3 million barrels...

In the 2026/27 MY (as of September 4), Ukraine reduced exports of grain and leguminous crops compared to the corresponding period last year by 14% from 4.544 to 3.913 million tons, the State Customs Service reports.   In particular, wheat exports decreased by 40% from 2.987 to 1.794 million tons, barley by 43% from 651 to 369 thousand tons, while corn exports increased by 91% from 886 thousand tons to 1.689 million tons due to active shipments in July.   During August,...

The halt in grain exports from the Black Sea region has boosted demand for Australian wheat, pushing up prices and forcing Asian buyers to look for alternatives. At the end of August, Australian Premium White (APW) prices reached $312/t FOB Kwinana and Australian Standard White (ASW) prices reached $302/t, making Australian grain less competitive.   One alternative option was American wheat. Thus, on August 19, the Philippines purchased American Soft White Winter Wheat for delivery...