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Better weather in the US is adding pressure to soybean and canola prices
08.08.2023
Last week's heavy rains in the main soybean-growing regions of the United States and the Canadian prairies led to sharp declines in Chicago soybean quotes and canola and canola prices. According to Crop Progress, the number of U.S. soybeans in good or excellent condition rose 2% for the week to 54% (59% last year). In the coming days, additional rains will pass, which, against the background of moderate temperatures, will improve the condition of crops in the critically...
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Wheat prices rose by 2.3-3.9%, but further growth will be limited by forecasts of increased harvest
08.08.2023
Global wheat prices are forecast to rise amid heightened tensions in the Black Sea, but traders will pay more attention to crop forecasts this week in anticipation of an updated balance sheet from the USDA. Yesterday, wheat quotations increased by 2.3-3.9%, but overall, prices decreased during the week. September futures rose in price yesterday: by 3.9% to $241.6/t - for soft winter SRW wheat in Chicago (-1.1% for the week), by 2.3% to $282.8/t - for HRW hard winter...
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Purchase prices for grains in Ukraine on August 8, 2023
08.08.2023
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 3367 Mustard seeds 49250 Peas 8650 ↑ 1350 7500 656 ↓ 226 145 Buckwheat 1111 Corn 5333 ↑ 83 4546 170 148 ↓ 3 219 ↑ 1 rapeseed cake ...
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Oil prices rose by only 1% after Ukraine declared Russian ports a war zone
07.08.2023
After the damage to two Russian ships, Ukraine declared the Russian ports of the Black Sea: Anapa, Novorossiysk, Gelendzhik, Tuapse, Sochi and Taman as a zone of military threat, but this has not yet led to an increase in world oil prices. On August 4, the Ministry of Infrastructure of Ukraine issued a coastal alert, valid until canceled, based on order No. 5 of the Navy of Ukraine dated August 4. Earlier, the Ministry of Defense of Ukraine, in response to a similar statement of...
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Ukraine has insured all vessels operating in the ports of the Danube - Shmyhal
07.08.2023
All merchant vessels entering the Danube ports for loading or unloading are now insured by Ukraine. In addition, the issue of insurance for vessels moving through the "grain corridor" is being considered, Prime Minister of Ukraine D. Shmyhal said at a conference of ambassadors of Ukraine. "All merchant vessels importing or exporting goods through the Danube ports are insured. And now the government is discussing and will soon make a decision on the insurance of ships...
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Wheat prices are rising against the background of the threat of new attacks on Russian ports
07.08.2023
Wheat prices on world exchanges are rising against the background of successful attacks by Ukrainian drones in the area of the Kerch bridge and the main Russian export port of Novorossiysk, which may lead to a reduction in supplies of Russian grain and oil to the world market. In addition, Ukraine's declaration of Russian ports as a zone of military threat will increase the cost of freight and reduce the number of ship owners willing to enter these ports, as earlier some ships refused to...
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Purchase prices for grains in Ukraine on August 7, 2023
07.08.2023
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 EXW elevators, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 3400 ↑ 33 Mustard seeds 49250 ↓ 26750 Peas 7300 7500 653 ↓ 229 145 Buckwheat 1111 Corn 5250 4860 ↑ 33 170 148 ↓ 3 219 ↑ 1 rapeseed cake 800 Soybeen...
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In July, Ukraine continued to increase the export of sunflower oil
04.08.2023
Ukraine continues to increase the export of sunflower oil, and if 453,000 tons were shipped in May, 476,000 tons in June, then in July deliveries amounted to more than 500,000 tons, which significantly exceeded expectations caused by forecasts of a sharp reduction in sunflower stocks in the country. Such data is provided by Share UA Potential with reference to previous data of customs statistics. The main buyers of Ukrainian sunflower oil in July were Romania (which bought almost a...