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In a February report, USDA experts again raised their forecasts for global wheat production, consumption and exports in FY 2023/24, while lowering their estimate of ending stocks to the lowest level since FY 2015/16. However, after the publication of the balance sheet, stock market quotations fell by 2-3% under the pressure of increased offers.   Compared to the January estimates, the new wheat balance for the 2023/24 MR has undergone the following changes:   The...

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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2900 80 Peas 10000 13650 230 Corn 6192 4921 4900 4367 147 177 139 201 ↑ 2 Soybean hulls granulated 200 Flax...

After a long period of dry and hot weather, much of Argentina will finally see heavy showers at the end of the week, bringing temperatures down to normal. Another front next week will bring more rain that will improve crops stressed by a three-week drought.   In the central regions of Brazil, after a week of dry weather, there will be heavy rains in the next 3-4 days, favorable for the sowing of second-crop corn, the rates of which are significantly ahead of last year's. Next...

Last week, corn prices in Ukraine fell against the background of a decrease in export demand and global quotations.   Purchase prices in the Black Sea ports fell by another $4-5/t to $144-150/t, but hryvnia prices rose by UAH 50-100/t to UAH 6,050-6,200/t against the backdrop of sales restraint by producers.   Farmers mostly sold soybeans and wheat, prices of which also fell, but by as much as corn and sunflowers.   World corn quotes are falling in anticipation...

According to UKAB data, in January 2024, Ukraine exported 7.7 million tons of agricultural products, which is only 0.3% less than in December 2023. It is worth noting that not all products physically crossed the border, and a certain amount, already loaded into transport, remains in queues for departure.   Compared to December, the export volumes of the main commodity items changed as follows: grain crops - fell by 1% to 5.3 million tons, of which corn accounted for 63%, wheat...

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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2900 80 Peas 10000 10300 230 Corn 5790 ↓ 473 4936 ↓ 15 4367 148 139 201 ↑ 3 Soybean hulls granulated 200...

According to the State Customs Service, in 2023, Ukraine increased its import of agricultural products by almost 13% compared to 2022, from $6.3 to $7.1 billion, reports the Institute of Agrarian Economics.   At the same time, the share of supplies from EU countries grew by 9% from $3.376 billion to $3.68 billion and accounted for 51.6% of domestic imports, exceeding half of it for the fifth year in a row. Deliveries from Asian countries reached $1.365 billion (19.1%), Latin America...

In January, compared to December, India reduced the import of edible vegetable oils by 9.2% to 1.19 million tons, in particular sunflower - by 19% to 211 thousand tons, palm oil - by 12% to a 3-month low of 787 thousand tons, at the same time increasing soybean oil imports by 24% to 190,000 tons, which is still significantly lower than the 306,000 tons that were imported on average every month last year.   Refiners refuse to buy crude palm oil (CPO) due to negative refining margins...