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Turkey is working on restoring the grain agreement with the Russian Federation
28.08.2023
The President of Ukraine V. Zelenskyi said that he discussed the work of the Black Sea grain corridor with the Minister of Foreign Affairs of Turkey Hakan Fidan, who visited Ukraine for the first time in this position. Fidan also plans to discuss the resumption of the grain corridor during his visit to the Russian Federation, but the deputy head of the Russian Foreign Ministry Ryabkov said that the position of the Russian Federation regarding the grain agreement remains...
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Egypt's GASC has purchased a large batch of vegetable oils at discounted prices
28.08.2023
On August 24, the state-owned Egyptian operator GASC held an international tender, where it purchased a significant amount of vegetable oils, including sunflower oil, at a price 2% lower than at the August 16 auction. The number of submitted applications has increased sharply compared to the previous tender: sunflower oil – from 6 to 12 offers at a price of $990-1064/t C&F (by $16-59/t below the price of previous auctions), soybean oil – from 6 to 8 offers at a...
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Purchase prices for grains in Ukraine on August 25, 2023
25.08.2023
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 ↓ 500 5500 5078 172 145 ↑ 3 219 ↑ 3 Flax 10240 ...
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More than 10,000 wagons have accumulated in the direction of the western border crossings of Ukraine
25.08.2023
Currently, 10,300 wagons are heading towards the western border crossings of Ukraine, which is 1,500 more than in July, - said a representative of Ukrzaliznytsia at a meeting with participants of the grain market on August 24. Moreover, the number of wagons with grain cargoes increased by 1.3 thousand to 2.9 thousand units compared to July. The number of wagons with grain moving in the direction of the Vadul-Siret-Dornesti crossing (Romania) increased compared to July...
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It will be cooler in the USA, but without precipitation, and Ukraine needs rains for sowing
25.08.2023
Hot and dry weather will continue in the US Midwest for a few more days. Michigan and Ohio received rain the other day, which will spread to the southern regions by the weekend. Intermittent precipitation will continue through Tuesday, after which temperatures will return to above normal, adversely affecting soybean and corn fill. In the Central and Southern Plains, hot weather without precipitation will continue for several more days, adding stress to soybean and corn crops and...
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The Verkhovna Rada adopted the law on GMOs in the second reading
25.08.2023
On August 23, in the second reading, the Verkhovna Rada adopted draft law No. 5839 "On state regulation of genetic engineering activities and state control over placement on the market of genetically modified organisms and products." The adopted document prohibits the cultivation and import of GMO corn, the cultivation of genetically modified sugar beets and rapeseed for 5 years, as well as the permission to use only GMOs approved in the EU from the moment Ukraine becomes...
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Purchase prices for grains in Ukraine on August 24, 2023
24.08.2023
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 5500 5500 5078 172 150 219 ↑ 3 Flax 10240 rapeseed...
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Corn prices rose on US crop tour data, but remained under pressure from lower demand
24.08.2023
According to day two of ProFarmer's Midwest Crop Tour, average corn yields in Indiana will be 180.89 bushels/acre and Nebraska will average 167.22 bushels/acre, up 1.54% and 2.78%. accordingly, it will be inferior to the average 3-year indicator. December corn futures on the Chicago Stock Exchange rose 2.3% to $193.1/t yesterday on crop tour data of a lower-than-expected yield. Prices are also pressured by a reduction in the volume of ethanol processing and a drop in export...