News

Mutual strikes by the US and Iran on military facilities and oil tankers have once again halted the passage of ships through the Strait of Hormuz, keeping oil prices at their highest level since May.   November Brent crude futures rose 9.3% during the week to a 3.5-month high of $96.2/barrel (+18% for the month).   Crude oil prices rose to a six-week high on signs of a tightening global supply. Saudi Arabia’s crude exports fell to a nine-year low of 3 million barrels...

In the 2026/27 MY (as of September 4), Ukraine reduced exports of grain and leguminous crops compared to the corresponding period last year by 14% from 4.544 to 3.913 million tons, the State Customs Service reports.   In particular, wheat exports decreased by 40% from 2.987 to 1.794 million tons, barley by 43% from 651 to 369 thousand tons, while corn exports increased by 91% from 886 thousand tons to 1.689 million tons due to active shipments in July.   During August,...

The halt in grain exports from the Black Sea region has boosted demand for Australian wheat, pushing up prices and forcing Asian buyers to look for alternatives. At the end of August, Australian Premium White (APW) prices reached $312/t FOB Kwinana and Australian Standard White (ASW) prices reached $302/t, making Australian grain less competitive.   One alternative option was American wheat. Thus, on August 19, the Philippines purchased American Soft White Winter Wheat for delivery...

Speculative swings in wheat quotes continue, and over the past 7 days, European wheat prices in Paris have risen and then fallen by 4.8%, responding to various statements by politicians about a possible reconciliation between the Russian Federation and Ukraine.   Traders hoped that the meeting of the leaders of China, India and Turkey with Putin would give hope for the start of peace talks with Ukraine, because Putin, after meeting with President Xi, stated that "the Russian...

After good showers last week, a wave of hot weather with temperatures of 33-35 degrees will cover the Midwest and Plains of the United States in the next 7-8 days, which may cause stress for soybean and corn crops, especially in areas where there was not enough precipitation before, but overall it will accelerate the drying and ripening of plants and the beginning of harvest.   According to the USDA, as of August 30, 57% of the US corn crop was in good or excellent condition (69%...

In the 2025/26 MY, despite low world prices, war risks, and logistical problems, Ukraine increased sugar exports by 11% compared to the previous season, from 580 to 646 thousand tons, thanks to which it received 300 million in foreign exchange earnings, the Ukrsugar Association reports.   A shift to Central Asian markets, while quotas to the EU were limited, helped to boost exports. Uzbekistan (17% of total exports) and Lebanon (16%) were among the largest...

India has sharply increased its vegetable oil imports ahead of the festive season. In August, imports of edible vegetable oils rose 4% from July to an 11-month high of 1.54 million tonnes, with soybean oil up 21% to a record 601,000 tonnes and palm oil up 7% to a 6-month high of 780,000 tonnes. This does not include duty-free imports of 100,000 tonnes of oil from Nepal (including 90,000 tonnes of soybean oil).   At the same time, sunflower oil supplies in August decreased by 38%...

Grain procurement prices in Ukraine are showing some strengthening, while the oilseed market remains more stable. The most notable change has occurred in the wheat market, where the procurement price for Grade 2 wheat on a CPT terminal basis increased to UAH 8,700/t, while export prices for corn and barley also edged higher. As of September 3, 2026, Grade 2 wheat is being purchased at UAH 8,700/t, corn at UAH 8,150/t, barley at UAH 6,433/t, sunflower seeds at UAH 19,286/t, soybeans at UAH...