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Rains in the US and Brazil improve conditions for planting and crop development
05.04.2024
Traders' attention shifts from the weather in South America to the countries of the Northern Hemisphere, where the sowing of spring crops begins. In the USA and Europe, there have been abundant precipitations, while in Ukraine and the south-west of the Russian Federation there is a moisture deficit, although the weather is generally favorable for sowing. The Midwest and the Central and Southern Plains of the United States experienced heavy rain this week and will continue...
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Purchase prices for grains in Ukraine on April 4, 2024
04.04.2024
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 2400 ↑ 758 Peas 12500 12500 10000 Sugar beet pulp gran 5500 Corn 6641 ↑ 10 5539 4276 149 ↑ 1 133 197...
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Rumors about the cancellation of contracts for Ukrainian corn by China collapsed the purchase prices
04.04.2024
The rapid increase in purchase prices for corn in Ukraine during the month by 13-14.5% from 5,900-6,100 to 6,750-6,900 hryvnias/ton led to a decrease in offers from farmers who, in anticipation of further price increases, sold corn only to replenish working capital. The increase in prices was partly related to the devaluation of the hryvnia, as dollar prices in the Black Sea ports rose by 8-11% to $154-157/ton. On world stock exchanges, quotations rose on forecasts of a significant...
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Oil prices rose 4% amid a possible escalation between Israel and Iran
04.04.2024
Speculative increase in global oil prices by more than 4% during the week was caused by new attacks by Ukrainian drones on Russian refineries, an Israeli strike on a building on the territory of the Iranian consulate in Syria, which killed two Iranian generals and five IRGC officers who controlled Iranian proxies in Lebanon and Syria. After that, the IRGC warned Israel to prepare a response in the form of "death strikes". During the week, quotations for palm oil rose by...
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The increase in palm oil prices contributes to the increase in the export of sunflower oil from Ukraine
04.04.2024
Crude palm oil (CPO) prices rose to a 17-month high amid rising oil prices, leading to increased sunflower oil imports by India and exports from Ukraine in March. India increased sunflower oil imports in March by 51% from February to 448,000 tonnes, the second-highest on record, while palm oil imports fell 3.3% to a 10-month low of 481,000 tonnes. In March, Ukraine exported 608,000 tons of sunflower oil, which corresponds to the level of January and February, but is...
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Purchase prices for grains in Ukraine on April 3, 2024
03.04.2024
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, $ DAF, $ CIF, $ Wheat mill offals 1642 Peas 12500 10000 Sugar beet pulp gran 5500 Corn 6653 ↑ 71 5539 ↑ 124 4756 ↑ 56 148 ↓ 1 132 ↓ 2 197 ↑ 1 Flax ...
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Rapeseed prices support forecasts of a reduced crop in the EU and rising oil prices
03.04.2024
June Brent crude oil futures rose 4% for the week to a 5.5-month high of $89/barrel amid Ukrainian drone attacks on an oil refinery in Tatarstan and an Israeli strike on an Iranian general in Syria. Such news leads to a speculative rise in oil prices, which supports quotations for vegetable oils used in the production of biodiesel. The agency Strategie Grains lowered its forecast for rapeseed production in the EU in 2024 from 18.3 to 18.1 million tons, which would be 10% less than...
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A good harvest will allow Tunisia to reduce imports of wheat and barley
03.04.2024
According to USDA's FAS forecast, Tunisia will harvest a large grain crop this year thanks to favorable winter weather. Thus, in 2024/25 MR, the country will increase wheat production from 0.441 to 1.25 million tons, in particular durum wheat - from 0.427 to 1.13 million tons, barley - from 0.089 to 0.6 million tons, compared to the previous season. wheat import will decrease from 2.2 to 1.8 million tons, and barley - from 0.95 to 0.5 million tons. Import and...