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USDA experts lowered the forecast of world corn production for 2023/24 MY, but increased it for 2024/25 MY
15.07.2024
In July's supply and demand balance sheet, USDA experts slightly lowered their 2023/24 FY corn production forecast (although for Brazil, estimates remained unchanged and exceeded local analysts' forecasts), which led to a decrease in ending stocks and offset the increase in production in the new season, so there was not much impact on prices For 2023/24 MR, the forecast of world corn production was reduced by 2.65 to 1225.4 million tons, in particular for Argentina –...
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A sharp increase in the forecast of world wheat production collapsed stock market quotations
15.07.2024
After USDA experts reduced the forecast of world wheat production in June by 7.44 million tons, in July the estimate was increased by 5.44 million tons, after which wheat quotations fell by 1.5-3%, losing 5.5-14 for the month. 7%. In addition, the forecast for wheat exports from the Russian Federation in 2023/24 was increased by 1.5 to 55.5 million tons. Compared to the June estimates, the world wheat balance for the 2024/25 MR has undergone the following...
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Purchase prices for grains in Ukraine on July 12, 2024
12.07.2024
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 30000 Wheat mill offals 3250 160 Mustard seeds 425 Peas 13150 ↑ 117 10604 263 280 Buckwheat 500 ...
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India continued to increase imports of palm and sunflower oil in June, but the pace of deliveries is lower than last year
12.07.2024
In June, compared to the previous month, India increased imports of palm oil from 763 to 786 thousand tons and sunflower oil from 410 to 465 thousand tons, while soybean imports decreased from 324 to 275 thousand tons. At the same time, the total volume of palm oil imported in 2023/24 MR (from November to June) decreased compared to the previous season by 4.4% to 5.76 million tons, sunflower oil – by 33% to 2.46 million tons, and soybean oil - by 25% to 1.86 million tons, -...
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The increase in global rapeseed exports by 40% in April-May led to an increase in prices
12.07.2024
According to Oil World, in April - May of this year, the global export of rapeseed and canola increased by 40% to 2.92 million tons compared to the same period in 2023, in particular from Canada - from 1.24 to 1.39 million tons, Australia - from 0.85 to 1.32 million tons and Ukraine - from 29 to 206 thousand tons. At the same time, China increased its import of rapeseed from 0.91 to 1.07 million tons, and EU countries - from 0.23 to 0.87 million tons. In general, in...
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Rural Bank has raised its wheat and canola export forecasts for Australia
12.07.2024
In 2023/24, Australia will export 20 million tons of wheat, 7.6 million tons of barley, and 5.8 million tons of canola, Grain Cental reports. Rural Bank experts believe that the high pace of shipments may complicate the situation in the event of unforeseen events in the second half of 2024. And rising prices and concerns about the Russian harvest allowed sales to intensify. According to experts' forecasts, the export of wheat from the countries of Western Europe...
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Strong heat in Ukraine and the Russian Federation will negatively affect the development of crops and support prices
12.07.2024
Next week, heat over 35 o C will prevail in Ukraine and the south-west of the Russian Federation, which will negatively affect the development of crops. During the next 8 days, temperatures in Ukraine will reach 35-42 o C, it will be especially hot in the south and east. The eastern wind will be moderate, but storm gusts up to 15-20 m/s are possible in the Crimea and the Azov region. Significant precipitation is not expected, but minor rains are possible in Volyn. A powerful...
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Purchase prices for grains in Ukraine on July 11, 2024
11.07.2024
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 30000 Wheat mill offals 3750 160 Mustard seeds 425 Peas 13000 ↑ 150 10604 263 280 Buckwheat 500 ...
