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Over the weekend, rain fell in most of Ukraine, favorable for the production of rapeseed seedlings. But in general, the reserves of soil moisture are quite low, so the plans of Ukrainian farmers to increase the area of rapeseed sowing to a record 1.9 million hectares may not be realized.   Domestic farmers are actively sowing winter rapeseed and cereals. At the beginning of September, 699.7 thousand hectares were sown with winter crops, in particular, 654.9 thousand hectares with...

Amid rising Malaysian palm oil inventories and lower soybean oil prices, November palm oil futures on Bursa fell 3.6% to RM3,901/t or $837/t since Monday (-0.7% for the week ).   They were not supported even by the increase in palm oil imports to India, which in August reached a 9-month high of 1.12 million tons compared to 1.09 million tons in July. On the eve of the festival season, importers stepped up purchases, so India increased vegetable oil imports by 5% compared to July to a...

Global canola prices have remained stable in recent weeks, but forecasts of an increased canola crop in Australia have sent quotes down.   In a new quarterly report, ABARES experts raised the forecast for the country's canola crop in 2023/24 from 4.9 to 5.2 million tons, which will be inferior to last year's record 7.3 million tons but will exceed the 5-year average.   On the Paris MATIF, November rapeseed futures fell 2% yesterday to €455.75/t or $489/t (-2%...

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 2000 Mustard seeds 600 Peas 8500 7000 100 196 Rye grade III 4500 Corn 5500 4817 172 154 ↓ 4 224 ↑ 4...

Despite the numerous complaints of the Russian authorities about restrictions on the export of Russian grain by Western sanctions, wheat supplies from the Russian Federation are reaching record levels, and new sales to Egypt are increasing the pessimism of sellers from the USA and Europe.   According to the Russian Grain Union, in the two months of the 2023/24 fiscal year, compared to the same period of the previous season, the export of grain crops increased by 1.6 times from 8.5 to...

At a meeting with the President of Turkey, Putin said that the Russian Federation will return to the grain agreement only after its conditions are met: Russian grain and fertilizers are removed from sanctions, and banks are connected to SWIFT.   The terrorist country blackmails the world with hunger, does not compromise and puts forward new conditions, claiming that the West is deceiving it. At the same time, Putin promised to help African countries with grain, delivering 1 million...

Ahead of the Australian Bureau of Agriculture and Natural Resources Economics and Science's (ABARES) quarterly report, brokerage IKON Commodities has released its own crop forecast, which beats ABARES' July estimates.   According to IKON's forecast, the harvest of the three main winter crops in Australia will amount to 48.1 million tons, which will be inferior to last year's record 65 million tons, but will exceed the 5-year average by 3%. Thus, wheat production will...

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 2000 Mustard seeds 600 Peas 8500 7000 100 196 Rye grade III 4500 Corn 5500 4853 ↓ 60 172 154 ↓ 4 224 ↑ 4...