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In a November report, USDA experts raised the forecast for world production of oilseeds by 2 million tons to 661.46 million tons, which will significantly exceed the 631.3 million tons of the 2022/23 season. Estimates of the harvest of soybeans and rapeseed in the Russian Federation, soybeans and sunflowers in Ukraine, and soybeans in the USA increased the most.   Compared to the October estimates, the balance of soybeans for 2023/24 MR underwent the following changes: The...

An uptick in global corn production and inventory forecasts in a new USDA report added pressure on quotes. For the USA, Ukraine and the Russian Federation, production estimates have been increased due to good yields, while for Mexico the forecast has been lowered, although the harvest will exceed last year by 5.4% or 63.7 million tons.   Compared to the October estimates, the corn balance for the 2023/24 MR underwent the following changes: The estimate of initial reserves was...

In the November report, as in the previous four, USDA experts lowered forecasts for world wheat production and exports. But quotations reacted to this by falling, given the increase in the estimate of the harvest in the Russian Federation and final world stocks.   Compared to the October estimates, the wheat balance for the 2023/24 MR underwent the following changes: The estimate of initial reserves has been increased by 2 million t to 269.55 million t (272.4 million t in FY...

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 623 ↓ 6 Peas 195 Sugar beet pulp gran 11111 Green peas 5000 Corn 5575 3942 ...

The activation of the movement of ships through the new Black Sea corridor, provided by the Navy of the Armed Forces of Ukraine, allows to increase the volume of sea exports, - the company Spike Brokers reports on its Teleram channel.   "During the week, freight rates for transportation through the Black Sea Corridor decreased by another $2-4/t, depending on the direction of delivery. Freight rates for transportation by Danube to Constanta decreased to 25-32 €/t against the...

The news of a missile hitting a ship in the port of Pivdenny led to a sharp speculative increase in wheat quotations.   As it turned out, during the port call of a civilian ship under the flag of Liberia to load ore, the Russians from a tactical aircraft in the Black Sea hit the ship's superstructure with an anti-radar missile Kh-31P, once again confirming its identity as a terrorist country. As a result of the incident, the Ukrainian pilot died, 3 crew members (citizens of the...

Scientists say that the past few months have been the hottest on record, so 2023 could be the hottest year on record. The El Nino weather phenomenon negatively affects the weather in Australia and Brazil, and worsens the prospects for the future harvest.   According to Australia's National Bureau of Meteorology, rainfall in October was 65% below normal, the lowest for that month since 2002, and reduced crop yields. Across the country, except for Victoria, October rainfall was...

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 629 Peas 195 Sugar beet pulp gran 11111 Green peas 5000 Corn 5575 ↑ 150 3942 ...