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Romanian farmers have blocked another transition, and 5 EU countries are demanding the return of customs duties on Ukrainian grain
16.01.2024
Farmers and transporters of neighboring EU countries continue to block the borders of Ukraine, which causes significant damage to the economy during the Russian invasion. Calls to cancel the duty-free import of goods from Ukraine to the EU are becoming more and more active, but the stable operation of the Black Sea Corridor makes it possible to increase export volumes. From January 15, Romanian farmers resumed the blockade of the Porubne - Siret crossing, and began to block the...
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Purchase prices for grains in Ukraine on January 15, 2024
15.01.2024
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 2367 Peas 9500 9500 Rye 5000 4500 Corn 6594 ↑ 25 5059 4416 159 ↑ 2 180 145 ↓ 2 203 Oats 180...
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The USDA lowered its soybean crop forecast, but raised its forecast for canola production
15.01.2024
In the January report, USDA experts almost did not change the forecast of world production of soybeans, as the decrease in the harvest in Brazil was compensated by its increase in Argentina, the United States, China, the Russian Federation, Bolivia and Paraguay. In comparison with the December estimates, the January soybean balance for 2023/24 MR has undergone the following changes: The estimate of initial reserves remained at the level of 101.87 (98.03) million...
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A sharp increase in the forecast of the corn harvest for the US and China collapsed the quotation
15.01.2024
In a January report, USDA experts unexpectedly raised their 2023/24 FY 2023/24 global corn production, consumption and stocks forecasts to record highs, sending prices crashing. However, they left Brazil's crop forecast unchanged, although local agencies significantly lowered their estimates. According to the report, March corn futures fell on the Chicago exchange by 2.4% to $176/t (-8.6% compared to the data after the December report), and on the Paris exchange - by 0.3 % to...
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USDA again raises forecasts for world wheat production, consumption, exports and stocks in FY 2023/24
15.01.2024
In the January report, as in the December report, USDA experts again raised their forecasts for world wheat production, consumption, exports and stocks. But quotations almost did not react to this, as they already fell by 5-6% during the month. An increase in harvest and export forecasts for Ukraine and the Russian Federation, which sell the cheapest wheat on the world market, will increase pressure on prices. In comparison with the December estimates, the January...
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Purchase prices for grains in Ukraine on January 12, 2024
12.01.2024
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 2533 Peas 9500 Rye 5000 4500 Corn 6465 ↑ 37 5075 4729 157 180 145 ↑ 4 203 Oats 180 ...
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Frost in the US and favorable weather in South America will influence the markets next week
12.01.2024
As early as Saturday, the Arctic cyclone will bring frost and snowfall to the main regions of winter wheat cultivation in the USA for a week. Strong gusts of cold air will adversely affect crops, especially in places with a small layer of snow cover. In the Central and Southern Plains, frosts of -20...-25 o C are expected, but heavy snowfall will protect plants, while in the southern mantle of Texas and Oklahoma, rain may lead to icing. Temperatures are even colder in the Northern...
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EBITDA of the main agricultural crops in Ukraine
12.01.2024
Due to logistical problems caused by the full-scale invasion, the grain of the 2022 harvest had to be sold throughout 2023, while the sale of last year's harvest was usually completed as early as May. As part of the Agrohub Benchmarking study, the results of sales of the 2022 harvest as of the end of calendar year 2023 and profit indicators were analyzed in view of the current price level. Thus, the EBITDA indicator for the 2022 season for the main crops in...