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The head of the office of the European Commissioner for Trade, Michael Geger, submitted to the European Commission a proposal to extend restrictions on the import of agricultural products from Ukraine. Such a proposal is due to an analysis of the market situation, low prices, the impossibility of storing grain in countries neighboring Ukraine, and increasing exports from Ukraine to other EU countries, bypassing Poland, Romania, Bulgaria, Hungary and Slovakia. The period until which it is...

Wheat prices, initially largely unresponsive to the USDA report, rallied sharply yesterday as traders scrutinized the new balance sheet and realized that the supply of food wheat this season will be quite low, so at some point supply will not be able to meet demand. The ratio of stocks to consumption of wheat in the balance of FY 2023/24 will be the lowest in the last 9 years, and excluding China - in the last 16 years.   Yesterday, December futures rose in price: by 1.6% to...

In the September report, USDA experts reduced the forecast of world barley production by 0.75 million tons to 141.9 million tons (151.7 million tons in FY 2022/23), in particular for Canada - by 1.2 to 8 million tons, while increased the harvest estimate for the Russian Federation by 0.4 to 19.5 (21.5) million tons.   The forecast for the world export of barley in 2023/24 MR was reduced by 0.1 to 26.4 (29.9) million tons, in particular for Canada - by 0.3 to 2.3 million tons, but...

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, $ DAF, $ CIF, $ Wheat mill offals 2250 ↓ 183 Mustard seeds 600 Peas 8500 7000 195 Buckwheat 10000 Rye grade III 4500 Corn 5000 ...

In a September report, USDA experts lowered the forecast for global production of oilseeds, including soybeans in the US and canola in Canada, partially offset by an increase in sunflower and canola crops in Ukraine and canola in Australia.   Compared to the August estimates, the new oil balance for the 2023/24 MR underwent the following changes:   The forecast of world production was reduced by 2.81 to 660.89 (629.66 million tons in 2022/23 MR), in particular, rape...

USDA's September corn balance sheet, which raised beginning and ending stocks and the US crop estimate, surprised traders and sent corn prices lower. Analysts had predicted a decline in corn yields in the US, which happened in the USDA report, but due to the increase in planted areas, the harvest estimate was raised, contrary to market expectations.   Compared to the August estimates, the new corn balance for the 2023/24 FY has undergone the following changes:   The...

In the September balance sheet, as in the previous two reports, USDA experts lowered their forecasts for wheat production, consumption and stocks to levels below last year, but wheat prices remain lower than the previous season.   Compared to the August estimates, the new wheat balance for the 2023/24 MR has undergone the following changes:   The estimate of initial reserves was reduced by 1.18 to 267.13 mln t (272.6 mln t in FY 2022/23) due to data adjustments for...

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, $ DAF, $ CIF, $ Wheat mill offals 2433 ↑ 433 Mustard seeds 600 Peas 8500 7000 195 Buckwheat 10500 Rye grade III 4500 Corn 5000 ...