News

Experts of the Buenos Aires Grain Exchange increased the forecast of soybean production in Argentina in 2023/24 MR to 52.5 million tons and corn - to 56.5 million tons.   The adjustment of the estimate is due to the sufficient amount of precipitation in the current season, however, the intensity of rains will be important for the further development of soybean crops.   According to the data of the crop tour conducted by the stock exchange experts, as of January 25, corn...

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 2433 Peas 9750 10300 230 Rye 5000 Corn 6329 ↑ 24 4748 4585 152 144 ↓ 3 207 ↑ 2 Flax 20400 15000 ...

After a speculative increase in oil prices on January 22 by 2%, the market expected a correction, but data on a significant reduction in oil reserves in the United States and a new attack by Ukrainian drones on a Russian oil refinery terminal led to an increase in quotations by another 3%.   Severe frosts in the US last week reduced production and increased oil consumption, leading to a significant reduction in inventories. During January 13-19, US oil production decreased by 7.5% to...

Traders continue to monitor the weather in South America, which is generally conducive to a good harvest, although the heat forecast in Argentina next week is a cause for concern.   In the USA, severe frosts were replaced by a wave of warm air, which brought additional precipitation to all agricultural regions. The Midwest has seen rain this week and will continue into the weekend. Next week, temperatures will exceed normal, which will reduce the thickness of the snow...

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 2433 Peas 9750 10300 230 Rye 5000 Corn 6321 ↑ 16 4748 4575 152 145 ↓ 2 207 ↑ 2 Flax 20400 15000 ...

Experts of the International Grains Council IGC predict that in the 2024/25 season, the area planted with rapeseed in the world will decrease compared to the previous season, especially in Ukraine.   A significant volume of rapeseed offers last year led to a decrease in prices and quotations on the futures market. As a result, the global rapeseed area will decrease to 42.4 million hectares in 2024/25, which will still exceed the long-term average.   According to the...

A significant increase in the global corn production forecast in the USDA's January report sent stock prices down to a 3-year low, which increased the pressure on purchase prices in Ukraine.   During the week, prices for corn delivered to Black Sea ports remained at $148-153/t or UAH 6,000-6,200/t, but the volume of offers from producers decreased significantly.   The export of grain from Ukraine for January 1-25 exceeded the similar indicator of 2023 by 22%, but the...

According to the State Customs Service, in 2023/24 FY as of January 24, Ukraine exported 22.147 million tons of cereals and legumes, which is 16% less than the 25.741 million tons exported during the same period last year. From January 1 to January 25, 3.682 million tons of grain were exported, while for January 1-25, 2023 - only 2.996 million tons.   Compared to the previous season, grain exports decreased: wheat - from 9.281 to 8.72 million tons, barley - from 1.788 to...