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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...
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The EU harvest delay and the new Ishmael port attack are supporting wheat quotes
24.08.2023
The rains that have been falling almost every day since the end of July in northwestern Europe are deteriorating the quality and delaying the harvesting of wheat. According to the MARS agency, France, Germany and Benelux are the most affected by the slowdown in harvesting. Heavy rains with hail damaged crops in northern Italy, Croatia and Slovenia. At the same time, in Romania, Poland, Bulgaria and the Czech Republic, the prospects for the harvest are worsened by hot and very dry...
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Purchase prices for grains in Ukraine on August 23, 2023
23.08.2023
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 3200 Peas 8500 10000 7000 100 196 Buckwheat 14000 Corn 5500 5500 5083 172 224 ↑ 4 Flax 10240 rapeseed cake ...
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Prices for new crop sunflowers are falling as harvest speeds up
23.08.2023
Dry and hot weather in the southern regions of Ukraine allowed the start of harvesting of sunflowers, whose harvest forecasts are increasing thanks to favorable conditions for the development of crops. In the next 10-15 days, the heat with little precipitation will accelerate harvesting and increase supply, which will lead to a seasonal decrease in prices to the level of 12,000-13,000 hryvnias/t with delivery to the plant against the background of blocking the export of sunflower oil and meal...
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SovEkon experts increased the forecast of the wheat harvest in the Russian Federation in 2023 by 5 million tons immediately
23.08.2023
SovEkon experts increased the wheat harvest forecast in the Russian Federation in 2023 by 5 million tons, from 87.1 to 92.1 million tons, compared to the July estimates, which exceeds the USDA's August forecast of 85 million tons and the official forecast of the Ministry of Agriculture of the Russian Federation of 78 million tons . In addition, the forecast for barley production was increased from 18.6 to 20.9 million tons (USDA 19.1 million tons), and corn - from 14.6 to 14.8...
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European wheat won the tender in Egypt thanks to a significant reduction in prices
23.08.2023
On August 22, the Egyptian state operator GASC held a new tender for the purchase of wheat, for which significantly more offers were submitted, and prices for European wheat turned out to be lower than for Russian wheat. Compared to the August 8 tender, the number of bids rose from 18 to 32, especially Bulgarian and French wheat, while offer prices fell from $262-305/t FOB to $265-270/t FOB. The following applications were submitted to the tender: from the...
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Purchase prices for grains in Ukraine on August 22, 2023
22.08.2023
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 3200 Peas 8500 10000 7000 100 196 Buckwheat 14000 Corn 5500 5500 5083 ↑ 132 172 224 ↑ 4 Flax 10240 ...
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Turkey and the UN are working on a new agreement on the grain corridor, but Ukraine wants to resume shipping without conditions from the Russian Federation
22.08.2023
Turkey and the UN are developing projects to restore the grain corridor to avoid "global problems, migration and instability in underdeveloped countries," Sabah reports. Technical negotiations between Ukraine and the Russian Federation may take place in Istanbul, and on August 25 the head of the Turkish Foreign Ministry will visit Ukraine. The Bild publication published official correspondence between the Foreign Ministry of the Russian Federation and Turkey,...