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Purchase prices for grains in Ukraine on August 14, 2023
14.08.2023
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 3100 ↓ 267 Peas 8400 10000 ↑ 1350 100 196 ↓ 2 145 Buckwheat 14000 1111 Corn 7260 6800 4889 ↑ 366 170 165 230 ↑ 9...
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USDA experts cut soybean production and inventory forecasts, but they will still be 9 and 15% higher than last year
14.08.2023
USDA's August balance sheet changes focused mostly on the U.S., but they were in line with analysts' earlier estimates, so quotes reacted to the new report with a drop as U.S. weather improved. On the Chicago Stock Exchange on Friday, September soybean futures fell 1.1% to $491.4/t (-8% for the month), and November futures fell 0.8% to $480.4/t (-1.6%). Compared to the July report, the new balance for soybeans for 2023/24 MR underwent the following...
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The wheat production forecast for Ukraine has been increased, and for the EU - again decreased
11.08.2023
Strategie Grains experts again lowered the forecast for the wheat harvest in the EU based on preliminary harvest data. In comparison with July estimates, the forecast for the production of soft wheat in 2023/24 MR was reduced from 126.2 to 124.7 million tons (125.3 million tons in 2022/23 MR). At the same time, heavy rains in the north of Europe increase the risks of crop loss and a decrease in its quality. As a result of the deterioration of the weather in the south of Europe, the corn...
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Weather favors harvesting and development of late crops
11.08.2023
Moderate temperatures with intermittent rain in major exporting countries this week and forecasts of favorable weather next week reduce the impact of weather factors on world prices. Against the background of stable weather conditions, the market does not expect any significant changes in forecasts in today's supply and demand balances from the USDA. In the Midwest and the US Plains, the cyclones brought precipitation and mild temperatures that will improve the condition of...
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Naval forces announced temporary corridors in the Black Sea for merchant ships
11.08.2023
The Naval Forces of the Armed Forces of Ukraine announced the creation of temporary corridors for the movement of merchant ships to/from the ports of Ukraine. New temporary traffic routes to/from the Black Sea ports of Ukraine have been announced in accordance with the order of the navigation order of the Navy of the Armed Forces of Ukraine No. 6 dated 08.08.23. At the same time, the message emphasizes that there is a military threat and mine danger from the Russian Federation on...
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Rising global rice prices to 15-year high threatens food security for billions
11.08.2023
Against the backdrop of a drought in Asia, global prices for rice, which is the staple food for 3 billion of the Earth's 7.8 billion people, reached an almost 15-year high as of August 9. White Thai rice, the benchmark for Asian exporters, rose to $648/t on Wednesday, up 50% from the August 2022 price, according to the Rice Exporters Association of Thailand. The rapid rise in rice prices began in July after the UN World Meteorological Organization announced the resumption of...
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Purchase prices for grains in Ukraine on August 11, 2023
11.08.2023
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 3367 Mustard seeds 22500 ↓ 26750 Peas 8400 8650 100 198 ↓ 685 145 Buckwheat 14000 1111 Corn 5333 4516 ↓ 15...
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An increase in corn exports from Brazil and a decrease from the US are putting pressure on quotes
10.08.2023
Brazil is ramping up corn harvesting and as of August 7 had already threshed 64.3% of the second crop, compared with 80% at the same date last year. Rainfall somewhat delays harvesting, especially in the south. Against the backdrop of high yields, analysts are adjusting production forecasts, and farmers are stepping up sales. The AgRural agency, due to better-than-expected yields, raised its forecast for the country's total corn production in FY2022/23 by 3.1...