News

Argentina (the world's third largest corn exporter) is completing the harvest, which in the 2025/26 MY will exceed the previous record (5 years ago) by 20% and reach 71.7 million tons.   In August and September, the country exported a record 10 million tons of corn, while exports usually amount to about 3 million tons during this period. Increasing global demand will allow to increase supplies, as importers look for a replacement for grain from Ukraine and the Russian Federation,...

The Jordanian Ministry of Trade and Industry purchased 50,000 tons of feed barley of any origin from Bunge in an international tender on September 9 for delivery on October 15-30 at a price of $318.5/ton CFR, which was $65.9/ton CFR higher than the purchase price of the previous tender on July 8, where 60,000 tons of barley were purchased from Dreyfus for delivery on September 1-15 at a price of $252.6/ton CFR - Aqaba.   Bid prices rose sharply due to the blockade of exports from...

Egypt sharply reduced wheat imports in August and will reduce them further in September as wheat prices are rising faster than flour prices, reducing the margins of mills that produce flour for re-export, ASAP Agri experts report on Latifundist.com .   Offer prices for Ukrainian wheat with 11.5% protein delivered in bulk to CIF Egypt increased by $40-45/t to $300-305/t in a month.   As a result, wheat imports in August decreased compared to August last year from 1.29 to...

Grain and oilseed procurement prices in Ukraine are showing mostly downward movements across some delivery bases. The most notable declines are being observed in corn and sunflower prices, while Grade 2 wheat remains stable and soybean prices have strengthened slightly under some delivery terms. As of September 9, 2026, Grade 2 wheat is being purchased at UAH 8,700/t, corn at UAH 7,500/t, barley at UAH 6,420/t, sunflower seeds at UAH 19,100/t, soybeans at UAH 16,833/t, and rapeseed at UAH...

According to Oil World, the US increased soybean oil imports in July compared to the same period last year from 13 to 33 thousand tons, and in total, 170 thousand tons of oil have been imported since the beginning of the season (147 thousand tons for the same period last year).   Despite record oilseed processing volumes in the US in recent months, domestic supply has not been able to meet the rapidly growing demand for vegetable oils. As a result, the US remains a net importer of...

Sunflower oil demand prices in India fell by $30/t to $1,440/t CIF Mumbai during the week amid a sharp increase in supply from the Black Sea region and forecasts of a decline in demand from India after increasing supplies in recent months, especially of cheap soybean oil.   Demand prices for Russian sunflower oil for delivery in September-October decreased by another $30-40/t to $1,250-1,260/t FOB per week, which increased pressure on prices in Ukraine, where demand prices also fell...

Despite the sharp increase in oil prices over the past two weeks, palm and soybean oil quotes have shown relative stability, while increased supply of sunflower and rapeseed oil continues to push prices down.   November Brent crude futures rose 3.4% for the week (+14% for two weeks) to $98/barrel as renewed missile strikes between the US and Iran and restrictions on oil supplies through the Strait of Hormuz kept demand for biofuels and prices for vegetable oils and oilseeds high. But...

The forecast for soybean and corn yields and production in the US, published by Stone X experts on the eve of the USDA report, exceeds the average estimate of analysts and the August estimate of the USDA, which could lead to a sharp drop in stock quotes on Friday if the USDA shows the same data in the September report, where yield estimates will be revised based on physical measurements from the fields, rather than farmer surveys, as was the case in the August report.   Recall that...