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In a December report, USDA experts raised their 2023/24 FY 2023/24 global corn production, consumption and inventory estimates to record levels, which will put upward pressure on prices in the near term. But difficult weather conditions in Brazil during the sowing of the second crop of corn may support the quotation.   Compared to the November estimates, the December corn balance for the 2023/24 MR underwent the following changes: The estimate of initial reserves was increased...

Ukrainian agrarians received a difficult challenge - to restore agriculture in the conditions of war. However, behind better indicators than in 2022, large financial losses are actually hidden due to export restrictions and low grain prices in Ukraine. The production of most agricultural crops is unprofitable, therefore, in the absence of changes next year, the industry will not achieve positive dynamics. So far, there is no question of achieving pre-war indicators, but compared to 2022, the...

In a December report, USDA experts raised their forecasts for world wheat production and exports for the first time after four months of declines, sending wheat prices, which hit a four-month high last week, down slightly.   Upgrading crop and export forecasts for Canada and Australia will put upward pressure on prices in the near term, especially amid a possible increase in Argentina's crop and new export policies.   Compared to the November estimates, the December...

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 800 Peas 8100 Buckwheat 7500 Rye grade II 4500 Corn 5894 ↑ 38 4700 ↑ 12 3883 ↓ 52 155 ...

Wheat futures in Chicago are trading at the highest level in 4 months, supported by increased export sales of wheat from the US to China and the results of the latest tender in Egypt, where 420 thousand tons of Russian wheat were contracted at a higher price.   Egypt's GASC yesterday held the second tender this week for the purchase of wheat with delivery on January 10-20 and 21-31. There were 9 offers for Russian wheat at a price of $260/t FOB with 180 days payment or $265/t FOB...

In 2023, Ukraine collected a record 4.8 million tons of soybeans, which significantly exceeded the 3.7 million tons collected last year. The previous record of 4.5 million tons was set in 2018.   The export of soybeans in November 2023 increased compared to October from 436 to 513 thousand tons (384 thousand tons in November 2022), which is the largest monthly export figure in recent years. Starting from September, domestic companies exported 1.15 million tons of soybeans, while last...

The rains in Argentina, Brazil and Australia started too late, so despite the improvement in the condition of the crops, it will not be possible to achieve the previous optimistic production forecasts.   Rainfall is still below normal in central Brazil , but there are scattered showers across the region, enough to support soybean and corn crops. In the southern states, there is an excess of precipitation, which does not contribute to the development of crops. Next week, the intensity...

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 800 Peas 8100 Buckwheat 7500 Rye grade II 4500 Corn 5856 ↑ 37 4688 3935 155 ↑ 1 135 181...