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Abnormally dry and hot weather is restraining the sale of soybeans by producers who are waiting for rains to understand sales prospects, Spike Brokers reports.   Due to the heat, the soybean plants begin to drop the lower beans, because there is not enough moisture for their development. Therefore, the yield of soybeans this year will be below average, and the seeds themselves will be small.   We will remind that last year soybean was almost the only agricultural crop...

Ukrainian farmers are actively harvesting, and the pace of harvesting exceeds last year's, although the average yield is somewhat lower. Currently, 15.7 million tons of grain and oil crops of the new crop have been threshed from 4.4 million hectares of land (as of July 20, 2023, 5.888 million tons of grain were harvested from 1.49 million hectares), in particular:   wheat - from 2.626 million hectares or 60% of the area, 10.3 million tons were collected with a yield of 3.92...

The new Memorandum of Understanding for the 2024/25 MR was signed by acting Minister of Agrarian Policy of Ukraine T. Vysotskyi and participants of the grain market, including the American Chamber of Commerce in Ukraine, the Ukrainian Grain Association (UZA), the European Business Association, the All-Ukrainian Agrarian Forum, the Association of Farmers and Private Landowners of Ukraine, the GS " Flourmills of Ukraine", union of enterprises of the baking industry...

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 30000 Wheat mill offals 3000 ↑ 970 168 Mustard seeds 503 Peas 13175 ↑ 108 11129 ↑ 249 12500 263 280 Buckwheat ...

The cyclone, moving from the north to the south of Europe, brought rains to Romania, Bulgaria and Moldova, as well as to the north and the center of Ukraine, which reduced temperatures from 38-40 o C to 28-35 o C and stressed soybean and corn crops and sunflower. But in places where there has been no rain, the corn continues to dry and farmers harvest it for silage because the cob has not formed.   In the east of Ukraine and the south-west of the Russian Federation, dry and hot...

On July 18, the Egyptian GASC held international and local tenders for the purchase of 40,000 tons of vegetable oils, including 30,000 tons of soybean oil and 10,000 tons of sunflower oil with delivery from September 1-30, 2024 and immediate payment.   Compared to the previous tender (June 13), the number of submitted offers for the supply of sunflower oil decreased from 17 to 10, and the offer prices fell from $1085-1163 to $1054-1163/t C&F. At the same time, Russian sellers...

In the report of the International Grains Council (IGC), released on July 18, forecasts of world wheat and corn production for 2024/25 were raised.   Thus, compared to June estimates, the forecast for grain production, including wheat and feed grain, was increased by 8 million tons to a record 2.321 billion tons, which will exceed the previous season's figure by 1%. This was made possible by improved prospects for wheat harvests in North America, Pakistan and Kazakhstan, as well...

According to the company Spike Brokers, during the week the freight rates of panamax vessels in Ukrainian ports decreased by $2/t, and those of handysizes and lighters increased by $1/t, while barge freight rates remained unchanged.   As of July 17, rates for transportation by river transport were: Izmail - Constanta (Romania) (1-3 thousand tons) - 12 €/t; Izmail - Ruse/Silistra (Bulgaria) (1-3 thousand tons) - 19 €/t; Ishmael - Israel (5-7 thousand tons) -...