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On August 30, the Egyptian GASC held the third tender for the purchase of wheat in a month, in which European wheat competed strongly with Russian wheat, and confidently won.   The authorities of the Russian Federation do not confirm the establishment of the minimum selling price for wheat on the world market for exporters, but in the new tender, as in the previous one, all batches of Russian wheat were offered at a price of $270/t FOB. The ban on Russian traders lowering wheat...

According to APC-Inform, as of the end of August, offer prices for soybean meal in Ukraine reached a record 22,600-24,500 UAH/t EXW, while last year in this period they were 11,800-14,500 UAH/t EXW.   It is worth noting that soybean meal prices are gradually increasing throughout the year against the backdrop of rising soybean prices and increased demand for meal from livestock farmers and feed mills. Since July, price growth has accelerated due to a significant reduction in supply...

World prices for olive oil are rising rapidly as its reserves are depleted in Spain - the world's largest exporter, which in 2021 provided 46% of the world's exports of this product. According to Mintec analysts, the price of the first cold pressed oil - extra virgin from Andalusia (where 80% of Spanish oil is produced) increased by 115% during the year, from €3.83/kg to a record €8.2/kg.   In July, the country's olive oil stocks decreased by 73-75 thousand...

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 2500 ↓ 267 Peas 8500 7000 100 196 Rye grade III 4500 Corn 5000 5500 4901 172 150 ↓ 1 224 ↑ 8 Flax 11500 ...

World rapeseed prices remained stable during the month amid significant last year's stocks and new crop arrivals, as well as the start of a seasonal decline in vegetable oil prices.   Rapeseed futures in Paris fell by 2% on forecasts of a 30% increase in the area of winter rape seeding in Ukraine, not reacting to a decrease in the forecast of canola production in Canada.   StatCan experts lowered the forecast for canola production in Canada in FY 2023/24 by 6.1%...

Canada's wheat harvest forecast has been cut more than analysts expected, but despite this, wheat prices on world exchanges fell another 1.3-3.3% yesterday, confirming that the markets are going against logic. The reason for the drop was the better-than-expected state of spring wheat crops in the USA and the confirmation of a high harvest in the Russian Federation.   StatCan experts predict that wheat production in FY 2023/24 will decrease compared to the previous season by 14.2%...

Yesterday's report from Statistics Canada (StatCan) significantly lowered crop forecasts for wheat, barley and canola, but raised production estimates for soybeans and corn compared to 2022. The crop cut is due to dry weather with higher than normal temperatures in the west of the country.   According to StatCan estimates, the country's wheat harvest in FY 2023/24 will decrease by 14.2% compared to the previous season, from 33.82 to 29.5 million tons, while the USDA in August...

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 2767 Peas 8500 10000 7000 100 196 Rye grade III 4500 Corn 5000 5500 4901 172 150 ↓ 1 219 ↑ 3 rapeseed cake 800 ...