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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 ...

A heat wave that covered the US corn belt last week, as well as forecasts of heat next week, which could reduce the harvest of corn and especially soybeans in the US, support the quotation.   After a crop tour of 7 major US corn and soybean growing regions, Pro Farmer estimated US corn yields in 2023 at 10.79 t/ha and total production at 380 million tons, which would be lower than the USDA's August estimate of 383 .8 million tons, but will become the third historical indicator....

After Russian shelling of Ukrainian ports on the Danube, part of the owners of ships working on the Reni/Izmail - Constanta route refused to cooperate, which led to an increase in freight prices and a drop in wheat purchase prices. At the same time, world prices continue to fall under the pressure of the end of harvesting in the EU and the US and increased harvest forecasts.   Export purchase prices in Danube ports fell by 3-7 $/t during the week to $165-170/t for food wheat, and to...

To ship grain from the Danube ports of Ukraine, exporters use all available ships with a deadweight of 1.5-8 thousand tons, so now mostly ships 35-40 years old are operating, although their service life is usually 25-30 years.   During the operation of the grain corridor, significantly larger grain carriers entered the ports of the Danube, in particular, in June - the ship "Blue Gate" with a deadweight of 24 thousand tons.   Using the old fleet allows you to...

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  EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 2767 Peas 10000 7000 100 196 Rye grade III 4500 Corn 5000 4901 ↓ 193 172 150 ↓ 1 219 ↑ 3 Flax 10240 rapeseed cake 800 ...

According to the Ministry of Agriculture, as of August 17, 28.769 million tons of grain and leguminous crops were harvested in Ukraine from 6.531 million hectares or 60% of the area with a yield of 4.4 tons/ha, while last year at this time from 6.1 million hectares or 55% area, 23.4 million tons of the specified crops were threshed with a yield of 3.82 tons/ha.   The following crops were collected on the specified date: wheat - 21.94 million tons from 4.65 million hectares or...