News

As a result of massive Russian attacks on the infrastructure of the port of Chornomorsk on the night of July 11 and 12, the operation of the Kernel port terminals was suspended, as they suffered significant damage.   The strikes damaged loading and unloading equipment, power lines, and terminal infrastructure, including grain storage silos and oil tanks, destroying or significantly degrading 45,000 tons of wheat and 9,000 tons of sunflower oil. No terminal workers were...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals5500Mustard seeds35000Peas11300Coriander32000Corn1057590099300 ↑ 137213215Flax625Chickpea24000Rape-seed oil1000Sunflower oil12601117Wheat, grade I10000Wheat grade II104769233 ↓...

In the July report, USDA FAS experts increased the forecast for oilseed production in the 2026/27 MY, further improving the global balance, but soybean and canola quotes continued to rise amid another increase in oil prices.   The forecast for global oilseed production in 2026/27 MY was increased by 1.8 million tons to a record 720 million tons, which will exceed the 2025/26 MY figure by 2.8% - 700.7 million tons (686.65 million tons in 2024/25 MY, 657.5 million tons in 2023/24 MY),...

In the July WASDE report, USDA experts lowered their estimate of ending global corn stocks for both the 2025/26 MY and 2026/27 MY seasons, which led to a further increase in quotes.   The main reason for the decline in the EU production forecast was dry conditions in France and Hungary.   September corn futures in Chicago rose 1.9% to $173/t on Friday (+6.7% since the June report), and December futures rose 2% to $181.5/t (+4.9%).   November corn futures in...

Successful and powerful strikes by Ukrainian forces on Russian maritime logistics in the Sea of Azov led to the suspension of transportation and exports from the Russian Federation through the Sea of Azov.   The Ukrainian Armed Forces' unmanned systems damaged 90 vessels of the Russian shadow fleet between July 6 and 12, and another 14 vessels (10 tankers and 4 ferries) on the night of July 12. According to analysts, about 75% of all 120 Russian vessels operating in the Sea of...

In the July WASDE report for 2026/27 MY, USDA experts lowered the estimate of stocks due to an increase in the consumption forecast, but stock quotes rose sharply due to restrictions on shipping from the Russian Azov ports, which provide a quarter of Russian wheat exports. After very successful strikes by Ukrainian drones, the Russian Federation restricted the passage of ships through the Don-Azov Canal and stopped accepting applications for passage through the Kerch Strait.   On...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals5500 ↓ 400Mustard seeds35000Peas11300Coriander32000Corn1058090099300 ↑ 127211215Flax630 ↓ 10Chickpea24000Rape-seed oil1000Sunflower oil12601117Wheat, grade I10000Wheat grade...

Another heat wave that hit France and parts of the US Plains this week continues to reduce the yield potential of spring crops. But rain and lower temperatures are forecast in the next 5-7 days, which will reduce stress on plants.   In the US Corn Belt, heavy showers and thunderstorms are expected to continue into next week, thanks to active cyclones moving through the Midwest. Temperatures are expected to be above normal next week, which will be beneficial for soybean and corn...