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Refinitiv Commodities Research experts, against the background of an abnormal drought and a delay in sowing in the central-western and southeastern regions of Brazil, lowered the forecast for soybean production in the country in 2023/24 MR by 4.1 million tons to 159.3 million tons, which will exceed last year's 154, 6 million tons. We will remind that in November the USDA estimated the soybean harvest in Brazil at 163 million tons, and the Conab agency estimated it at 162.4 million...

The new president of Argentina is the radical right-wing libertarian Javier Millay, who promises to save the economy from triple-digit inflation and recession, and the country from increasing poverty, Reuters reports.   According to official data, Miley won almost 56% of the vote, while his rival, Minister of Economy Sergio Massa, got 44%, which surprised sociologists because Miley was trailing Massa according to polls.   Hundreds of Miley's supporters in downtown...

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, $ DAF, $ CIF, $ Wheat mill offals 900 105 Peas 8500 195 ↓ 17 Buckwheat 9500 Green peas 5000 Corn 5575 ↑ 50 4083 ↓ 28 3098 145 133 184 ↑ 2...

Yesterday, January Brent oil futures fell by 4.9% to $77.4/barrel (-14.7% for the month), and December WTI oil futures fell by 5% to $72.9/barrel. barrel against the background of increased supplies from the Russian Federation, increased production and oil reserves in the USA and negative macroeconomic data from the USA.   Global economic news lowers energy demand and oil prices. Weekly U.S. jobless claims rose by 32,000 to a 2-year high of 1.865 million, while the number was...

The increase in the number of vessels chartered by traders for November and December increased the demand for corn in Ukraine, but farmers do not want to sell grain at low prices, so buyers have to raise their purchase prices every day.   During the week, purchase prices for corn rose by another $5-10/t to $140-145/t or UAH 5,600-5,700/t with delivery to Black Sea ports and $150-155/t to Danube ports, but producers restrained sales in anticipation of further price...

In the main grain-producing countries, the weather favors the development of the harvest, and forecasts of so far little rain and a decrease in heat in central Brazil have stopped the speculative growth of soybean quotations.   In the US , dry and warm weather allows to complete the harvesting of soybeans and corn with minimal losses, so production forecasts for these crops have been raised. A cold front will bring light rain and lower temperatures to the Midwest and Great Plains...

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, $ DAF, $ CIF, $ Wheat mill offals 900 105 Peas 8500 212 Buckwheat 9500 Green peas 5000 Corn 5475 ↓ 58 4111 ↑ 4 3098 146 ↑ 3 133 185 ↓ 2...

After August 8, when the new export corridor secured by the Ukrainian Armed Forces became operational, more than 100 ships with 3.3 million tons of Ukrainian agricultural and metallurgical products left the Black Sea ports of Ukraine.   According to the State Customs Service, in the 2023/24 MR as of November 15, 10.968 million tons of grain and leguminous crops were exported, in particular in November - 1.728 million tons, which is 42% less than the corresponding figure last year....