News

On Friday, August rapeseed futures on the Euronext Paris exchange fell by 5.5% to €515.75/t, completely erasing the growth of the last two weeks amid active sales of August contracts, which expire by the end of July. Traders and funds that do not plan to make real physical deliveries of the commodity are massively liquidating their long positions and switching to trading in November contracts, which on Friday fell by only 2.2% to €550.75/t or $628/t (+4.3% in two weeks) under the...

Amid 13 days of US airstrikes on Iran and attacks on two Saudi oil tankers in the Red Sea, oil prices rose 20% during the week, but fell on Friday as traders began to book profits, given the continued supply of oil from the Red Sea.   September Brent crude futures, after reaching a 2-month high of $102/barrel on Thursday, fell 3.7% to $97/barrel on Friday (+31% for the month).   Traders expected the US to step up its attacks on Iran over the weekend, but the attacks...

Against the background of shipowners' refusal to load vessels in the ports of Greater Odessa, traders have increasingly begun to redirect cargo traffic to the ports of the Danube. However, these ports will not be able to become a full-fledged alternative to Odessa due to low water levels, shallow depths, and the threat of shelling. Mykola Gorbachev, president of the Ukrainian Grain Association, told Latifundist in an interview.   According to him, with the existing...

Traders' main attention is now focused on the weather in Europe, where another heat wave will continue to worsen the condition of corn crops and other late crops.   Rain is expected across Europe on Sunday and Monday, but in France, which has been suffering from drought this summer, precipitation will be limited. Next week, Europe is expected to experience another heat wave, which will cause more damage to western regions. In eastern regions, stress situations will begin to...

Grain procurement prices in Ukraine remain under the influence of the new harvest supply, exporter demand, and developments in global agricultural markets.   As of July 24, 2026, traders are purchasing Grade 2 wheat at an average price of UAH 10,200/t, corn at UAH 9,960/t, barley at UAH 9,279/t, sunflower seeds at UAH 26,686/t, soybeans at UAH 20,100/t, and rapeseed at UAH 23,180/t. Current procurement prices for grain and oilseed crops by region and delivery basis are provided in...

Corn quotes have gained new grounds for growth, and after the heat in France, there is now the prospect of stopping sea exports from Ukraine and another increase in oil prices by 20% in a week.   The main factor behind the increase in quotes was the suspension of loading operations of vessels in Ukrainian Black Sea ports after the damage to about a dozen civilian vessels in recent weeks, as well as damage to grain terminals, which forced international traders to suspend purchases at...

Oil quotes rose by 20% in a week amid the escalation of the war in the Middle East, and September Brent crude futures crossed the psychological threshold of $100.6/barrel (+36% for the month), which gave an additional boost to rapeseed quotes in Paris and canola in Winnipeg, which were rising in price due to export restrictions from the Black Sea.   Grain exports from Ukraine through Black Sea ports have virtually stopped due to shipowners' refusal to load vessels due to targeted...

Yemen's Iran-backed Houthis attacked two Saudi oil tankers in the Red Sea with missiles and drones on Thursday night, raising concerns about further restrictions on oil supplies from the Middle East.   Iran's attacks on ships passing through the Strait of Hormuz two weeks ago have already halted oil exports through the Strait of Hormuz and forced the US to resume strikes on military facilities in Iran.   September Brent crude futures rose 20% in a week and crossed...