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Revaluation of the assets of AI-related companies collapsed the global stock market by $6.4 trillion
06.08.2024
The slowdown in the development of the US economy and the overvalued assets of AI-related companies led to the collapse of global stock exchanges. On Friday, stock indices in the US fell by 1.5-2.4%, although the economic data were not too negative. But Asian stocks started Monday with a sharp drop that shocked traders. So, the Nikkei index in Tokyo fell by 12.4%, and the Kospi index in Seoul - by 9%, so immediately after the opening of the stock exchange in New York, the Nasdaq...
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Purchase prices for grains in Ukraine on August 5, 2024
05.08.2024
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 3550 Mustard seeds 488 Peas 13300 13297 ↑ 133 250 263 Buckwheat 9500 Rye grade IV 5300 ...
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Active export of rapeseed from Ukraine supports purchase prices at a high level
05.08.2024
Global quotations for rapeseed fell slightly last week, but in Ukraine, purchase prices remained at a high level thanks to active exports and purchases by traders. Friday's drop in oil prices by 3.7% has not yet affected the rapeseed market, but the pressure on quotations will intensify in the coming days. During the week, rapeseed purchase prices in Ukraine rose to UAH 22,700-23,000/t, or $475-485/t delivered to Black Sea ports, as farmers almost stopped selling after the...
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World food prices fell again in July - FAO
05.08.2024
In July, the average Food Price Index of the UN FAO decreased to 120.8 p, which is 3.1% lower than the July 2023 indicator and 24.7% lower than the peak level of March 2022, when it reached 160.3 p, - reported FAO press office. Increases in the price indices for oil, meat products and sugar were offset by a decrease in the grain price index, while the dairy product price index was almost unchanged. Thus, the average value of the Grain Price Index decreased (for the second month in...
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Decline in oil prices and stock indices in the US will increase pressure on agricultural crop quotations in the near future
05.08.2024
Oil prices fell to a 2-month low on Friday amid a possible contraction in US energy demand as economic reports on jobs and manufacturing orders in June came in worse than expected, suggesting a slowdown in the US economy. The U.S. unemployment rate unexpectedly rose 0.2% in July to a 3-year high of 4.3% (vs. 4.1% expected), while manufacturing orders fell 3.3% in June (vs. 3.2% expected) , which was the biggest drop in the last 4 years. U.S. stocks saw a sell-off in...
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Purchase prices for grains in Ukraine on August 2, 2024
02.08.2024
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 Mustard seeds 488 Peas 12950 12842 250 263 Buckwheat 8500 Rye ...
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Due to unfavorable weather, the wheat harvest in France may decrease by 10 million tons
02.08.2024
Prolonged rains worsen the prospects of the wheat harvest in France, as they delay the harvest of the grain and promote the development of diseases. According to estimates of the French Association of Wheat and Grain Producers (AGPB), this year farmers will be able to harvest only 26 million tons of wheat, which will be 10 million tons less than the average annual figure (36 million tons). In view of the poor harvest, farmers are looking to get a high price for grain, but the...
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Australia and Canada expect increased demand for canola from the EU in the new season
02.08.2024
Experts of Oil World (Germany) reduced the forecast of rapeseed production in the EU in 2024 to 17.6 million tons (20 million tons in 2023), as long rains in France and Germany negatively affect crops. And the European Commission predicts a decrease in production to 18.38 million tons. Therefore, Australian analysts expect an increase in the demand for canola from the EU in the current season. At the same time, Oil World warns of a possible reduction in supplies of sunflower and...
