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According to the China National Grain and Oil Information Center (CNGOIC), during October 19-25, China increased the volume of soybean processing by 29% compared to the previous week to 2 million tons, which is 27% higher than the corresponding figure in 2022. The increase in processing is explained by the recovery work of enterprises after the vacation period.   At the same time, stocks of soybeans in the People's Republic of China decreased by 16% for the week and amounted to 4...

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 1100 Mustard seeds 629 Peas 210 Green peas 5000 Corn 5500 3857 3629 ↑ 2 1890 ↑ 1750 135 177 ↑ 8 Flax ...

The movement of vessels through the grain corridor on October 24-26 was stopped by the military due to the increased threat from the Russian Federation. Nataliya Gumenyuk, the spokesperson of the Joint Coordination Center of OC "South", reported that Russian planes dropped four explosive devices (probably mines) in the area of the Black Sea trade route, which is why the military prohibited the movement of ships.   There were rumors in the market that the work of the...

After the decrease in urea prices, market participants differed in their opinions regarding the further trend of nitrogen fertilizer prices. In Europe, gas prices are rising, so European producers will be forced to raise fertilizer prices. On the other hand, the prices of nitrate were much higher than for other fertilizers, and the demand for it was quite low due to the financial problems of the buyers, who stepped up their purchases of urea after the reduction in its prices. Therefore, some...

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  EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 1100 Mustard seeds 629 Peas 210 Green peas 5000 Corn 3857 3627 1890 ↑ 1750 135 177 ↑ 3 Flax 450 rapeseed cake ...

On October 24, the Kyiv branch of the US MSG published a report in which it predicts an increase in corn production in Ukraine in 2023/24 compared to the previous season. The initial stocks of corn and wheat in Ukraine are higher than last year, so export volumes will determine the final stocks of the 2023/24 season. The withdrawal of the Russian Federation from the Black Sea Grain Initiative in July 2023 has complicated the export of grain from Ukraine, but work continues on the expansion of...

A delegation of Chinese importers during their visit to the United States signed agreements of intent to purchase more than $1 billion of American agricultural products, which became the first mass signing between the countries since 2017, and is apparently a political "step forward" ahead of the planned negotiations between the United States and China.   Chinese Foreign Minister Wang Yi will arrive in the US on October 26 for a 3-day visit, during which he will discuss a...

In October, the export demand for barley increased somewhat in Ukraine, which is due to the improvement of the operation of the Black Sea ports. But the crop is still in the greatest demand in the domestic market, experts of the analytical center of the PUSK agricultural cooperative, established within the framework of the All-Ukrainian Agrarian Council, reported on October 24.   Barley with certification for China is offered at $118-120/t with delivery to Odesa ports until November...