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USDA again raises forecasts for world wheat production, consumption, exports and stocks in FY 2023/24
15.01.2024
In the January report, as in the December report, USDA experts again raised their forecasts for world wheat production, consumption, exports and stocks. But quotations almost did not react to this, as they already fell by 5-6% during the month. An increase in harvest and export forecasts for Ukraine and the Russian Federation, which sell the cheapest wheat on the world market, will increase pressure on prices. In comparison with the December estimates, the January...
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Purchase prices for grains in Ukraine on January 12, 2024
12.01.2024
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 2533 Peas 9500 Rye 5000 4500 Corn 6465 ↑ 37 5075 4729 157 180 145 ↑ 4 203 Oats 180 ...
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Frost in the US and favorable weather in South America will influence the markets next week
12.01.2024
As early as Saturday, the Arctic cyclone will bring frost and snowfall to the main regions of winter wheat cultivation in the USA for a week. Strong gusts of cold air will adversely affect crops, especially in places with a small layer of snow cover. In the Central and Southern Plains, frosts of -20...-25 o C are expected, but heavy snowfall will protect plants, while in the southern mantle of Texas and Oklahoma, rain may lead to icing. Temperatures are even colder in the Northern...
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EBITDA of the main agricultural crops in Ukraine
12.01.2024
Due to logistical problems caused by the full-scale invasion, the grain of the 2022 harvest had to be sold throughout 2023, while the sale of last year's harvest was usually completed as early as May. As part of the Agrohub Benchmarking study, the results of sales of the 2022 harvest as of the end of calendar year 2023 and profit indicators were analyzed in view of the current price level. Thus, the EBITDA indicator for the 2022 season for the main crops in...
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Brazil increased corn exports by more than 10 million tons in 2023
12.01.2024
According to Oil World, in 2023, Brazil increased corn exports from 43.44 to 55.89 million tons compared to the previous year, with the largest increase in shipments during the second half of the year. In October-December, 21.92 million tons of corn were exported, compared to 19.11 million tons for this period in 2022. Brazil delivered the largest amount of corn to China in the 4th quarter of 2023 - 8.24 million tons compared to 1.17 million tons in the same period of 2022....
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Purchase prices for grains in Ukraine on January 11, 2024
11.01.2024
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 2500 Peas 9500 Rye 5000 4500 Sugar beet pulp gran 4000 Corn 6465 ↑ 65 5075 4729 158 180 141...
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Palm oil prices rose 3.7% for the week, returning to mid-December levels
11.01.2024
Malaysian palm oil futures rose yesterday (for the fifth session in a row) on production and oil export data from Malaysia. On Bursa Malaysia, February palm oil futures rose another 0.7% yesterday to RM3,757/t or $810/t (+3.7% on the week), returning to mid-December levels when they traded at 3750 ringgit/t. Palm oil stocks in the country at the end of December fell by 4.64% compared to November to 2.29 million tonnes, the lowest since August, amid a seasonal decline...
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Ukraine continues to increase the rate of grain export
11.01.2024
Thanks to the stable operation of the Black Sea corridor secured by the Armed Forces of Ukraine, in December Ukraine was able to export by water transport a record 6.1 million tons of agricultural products since the beginning of the full-scale invasion of the Russian Federation, of which 1.3 million tons - through the ports of the Danube and 4.8 million tons - through the ports of the Velika Odessa, - reports Spike Brokers. According to the State Customs Service, in 2023/24 MR (as...
