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A fairly balanced November USDA wheat report and weak demand from importers are keeping wheat quotes low. And not even a decline in wheat harvest forecasts in Australia and Argentina can significantly support them.   As a result of the low amount of rain in the main wheat-growing regions in October, Refinitiv Commodities Research analysts lowered the forecast for the wheat harvest in Australia in 2023/24 MY by 1 million tons to 23.1 million tons, which would be 16.6 million tons less...

According to the Solvent Extractors' Association of India (SEA), in FY 2022/23, compared to the previous season, India increased its import of vegetable oils by 17.4% to a record 16.47 million tons, including palm oil by 24% to 9.79 million tons, sunflower - by 54% to 3 million tons, while it reduced the purchase of soybean oil by 12% to 3.68 million tons. This is due to the decision of the country's authorities to reduce the import duty on vegetable oils to 5.5%, as well as low prices...

In the central regions of Brazil, where dry weather persists, a new heat wave of over 35 o C is expected this week, which will negatively affect soybean and corn crops.   Against this background, November soybean futures rose by 2.6% to $502.7/t (+6.2% for the month), and January futures rose by 2.6% to $508/t on the Chicago Stock Exchange yesterday. (+5.9% for the month).   Rains from the south are forecast to spread to the central states over the weekend and 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, $ DAF, $ CIF, $ Wheat mill offals 900 Mustard seeds 550 Peas 212 Rye grade II 4500 Sugar beet pulp gran 11111 Green peas 5000 ...

Ukraine will continue to resolve with Poland the problem of blocking the border by Polish carriers, but will not discuss amendments to the Agreement on the Liberalization of Freight Transportation between Ukraine and the EU (the so-called "transport visa-free"). This was stated by the Deputy Prime Minister for the Reconstruction of Ukraine, the Minister of Development of Communities, Territories and Infrastructure of Ukraine Oleksandr Kubrakov on November 9 at a meeting with the...

The National Bank of Ukraine by Resolution No. 145 dated 10.11.23 reduced the deadline for the return of foreign currency proceeds from operations on the export of agricultural goods from 180 to 90 calendar days.   The resolution enters into force on November 11 and concerns goods with the following UCT codes: 1001 (wheat), 1002 (rye), 1003 (barley), 1004 (oats), 1005 (corn), 1201 (soy), 1205 (rape), 1206 00 (sunflower seeds), 1507 (soybean oil), 1512 (sunflower oil), 1514 (rapeseed...

On November 10, the Cabinet of Ministers of Ukraine adopted Resolution No. 1174 "On Amendments to the Procedure for the Implementation of the Experimental Project on Verification of Subjects of the Agro-Industrial Complex in Martial Law", which expanded the criteria for including enterprises in the list of verified agricultural exporters.   In particular, the following criteria were added: entrepreneurs registered as VAT payers after 23.02.22 are allowed for...

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 Mustard seeds 580 ↓ 43 Peas 195 Rye grade II 4500 Sugar beet pulp gran 11111 Green peas ...