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Corn prices are gradually declining throughout the supply chain. Buyers are offering $202/t CIF Italy and $203/t CIF Spain for it. Most avoid large deliveries, in particular panamax shipments of 50,000-60,000 tons, or ask for a discount of up to $3/t for such shipments compared to handsize deliveries of 25,000-30,000 tons, Spike Brokers reports.   In the ports of Ukraine, prices remain at the level of $144-148/t, subject to fast delivery within 1-2 weeks. In March - April, demand...

Exports of agricultural products from the USA in 2023 amounted to $191 billion, which is 10% less than the previous year's record.   According to the US Bureau of Statistics, exports of major agricultural commodities, including the most profitable corn, soybeans, wheat and cotton, fell 17% year-on-year to a 10-year low in 2023, the largest annual decline since 1985. The reason was high prices and increasing offers from competing exporting countries.   Thus, the total...

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 2900 80 Peas 10000 13650 230 Corn 6196 ↑ 15 4921 4900 4346 147 177 139 207 ↑ 8 Soybean hulls granulated 200...

In a February report, USDA experts slightly lowered their forecasts for world production, consumption and exports of soybeans, although the market had expected a more significant decrease in estimates. As a result of the opening inventory adjustment, the ending inventory estimate also exceeded analysts' forecasts. Overall, the soybean balance sheet remains fairly tight compared to last season, although Brazil's soybean crop outlook is a cause for concern.   Compared to the...

In a February report, USDA experts lowered forecasts for global corn production and stocks in FY2023/24, especially for the Brazilian crop, but quotes were largely unresponsive, as improved conditions for planting second-crop corn in Brazil could lead to revised estimates.   According to the report, March corn futures on the Chicago exchange fell by 0.2% to $170.6/t (-3.2% compared to the data after the December report), and on the Paris exchange by 1 .3% to €176.25/t or...

In a February report, USDA experts again raised their forecasts for global wheat production, consumption and exports in FY 2023/24, while lowering their estimate of ending stocks to the lowest level since FY 2015/16. However, after the publication of the balance sheet, stock market quotations fell by 2-3% under the pressure of increased offers.   Compared to the January estimates, the new wheat balance for the 2023/24 MR has undergone the following changes:   The...

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 2900 80 Peas 10000 13650 230 Corn 6192 4921 4900 4367 147 177 139 201 ↑ 2 Soybean hulls granulated 200 Flax...

After a long period of dry and hot weather, much of Argentina will finally see heavy showers at the end of the week, bringing temperatures down to normal. Another front next week will bring more rain that will improve crops stressed by a three-week drought.   In the central regions of Brazil, after a week of dry weather, there will be heavy rains in the next 3-4 days, favorable for the sowing of second-crop corn, the rates of which are significantly ahead of last year's. Next...