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Wheat prices on global exchanges remain under pressure from low demand and large inventories, but active purchases of futures by funds last week and a reduction in EU crop forecasts supported prices, which had previously fallen by 5-6%.   The experts of Refinitiv Commodities Research reduced the forecast of soft wheat production in the EU in 2024/25 MR by 1.3 to 123.2 million tons (125.8 million tons last year) and durum wheat – by 0.2 to 7.5 million tons (7.5 million tons last...

Over the weekend, the Midwest and the US Plains received favorable precipitation. During the next few days, a strong storm will bring cold weather, thunderstorms and snow, but at the end of the week the air will warm up to 15-20 o C, which will allow the sowing of early grains to begin.   In central Brazil, heavy rains last week delayed soybean harvesting, but they benefited second-crop corn plantings, which are nearing completion. At the beginning of the week, the rains will...

On the night of February 25, more than 200 tons of Ukrainian corn, which was transiting to the port of Gdansk for export to third countries, was dumped at the Kotomiezh station from 8 semi-cars. This was the fourth case of vandalism on Poland's railways in recent weeks.   The Minister of Community Development, Territories and Infrastructure of Ukraine O. Kubrakov called the situation "the fourth case of impunity and irresponsibility", stressing that Ukraine fulfills its...

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 2900 Peas 10000 9200 ↓ 550 17000 Buckwheat 9200 Rye 6000 Sugar beet pulp gran 5500 Green peas ...

Polish farmers continue to block the import of agricultural products from Ukraine under the pretext of protecting the domestic market. Agricensus looked into the situation in more detail.   The blockade of Black Sea ports after the Russian invasion of Ukraine in February 2022 forced exporters to look for new export routes. Deliveries of agricultural products through Poland, Romania, Hungary, Moldova and Slovakia were established.   However, after statements by farmers of...

The Diet of Latvia adopted a law that prohibits the import of agricultural and fodder products into the country from the Russian Federation and Belarus, even if they are imported through third countries. The ban will come into effect after the president promulgates the law and will be in effect until July 1, 2025, but can be extended if necessary. It will apply to the release of products into free circulation, with the exception of the passage of goods for delivery to other EU...

The Egyptian state operator GASC, against the backdrop of a drop in world prices for vegetable oils, on February 22 held an international tender for the purchase of such oils with delivery in April and payment 180 or 270 days after the opening of the letter of credit.   Compared to the previous auctions on January 18, sunflower oil offer prices decreased from $950-1000/t to $957-985/t C&F with payment of 180 days and from $993-1206/t to $974-1010/t C&F with payment of 270...

Since the beginning of the full-scale invasion of the Russian Federation and the blocking of seaports of Ukraine, land logistics hubs have helped to create alternative export routes and ship significant volumes of agricultural products - Elevatorist.com reports.   From March 2022 to December 2023, 36 million tons of agricultural products were exported by rail. For this, entrepreneurs had to increase the number of transshipment terminals in the western regions of the...