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The US-Israeli war against Iran has been going on for 30 days, and the blockade of the Strait of Hormuz remains Iran's main lever of influence on the US and the global economy, as it worsens traders' sentiment and reduces hopes for a quick end to the conflict.   May Brent crude futures rose another 4.2% to $112.8/barrel on Friday (+0.7 for the week, +60% since the start of the war) amid uncertainty over the unblocking of oil and gas exports from the Persian Gulf. The US stock...

Farmers are waiting for additional rainfall before they start planting spring crops, especially in the United States, which has recently experienced dry weather with high temperatures.   Several fronts moved through the Midwest and Plains last week, bringing temperatures back to normal. Several more severe thunderstorms and showers are expected this week. They will increase soil moisture and ease drought conditions, and in some areas, farmers will begin spring...

The sharp increase in oil prices caused by the war with Iran will negatively affect not only the energy market, but also other markets, in particular the agricultural market, warn Atlantic Council experts.   Up to 35% of the world's crude oil, 20% of liquefied natural gas and up to 30% of fertilizers passed through the Strait of Hormuz every day. Its closure was a shock to the whole world and has already led to a sharp increase in the prices of oil, gas, fertilizers and increased...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals6000 ↓ 250Mustard seeds35000Peas1150011117Coriander32000Corn10454 ↑ 589218600 ↓ 270212 ↓ 2213 ↓ 1260Soybean hulls granulated150Soybean meal19000350Sunflower oil...

In Ukraine, there remains strong demand for soybeans from processors switching to the production of soybean meal for livestock, while export prices for soybeans at ports and on the western border have stopped growing and even slightly decreased after reaching peak levels due to increased competition with South American soybeans.   The rise in sunflower prices also supports soybean prices, as domestic demand for meal remains stable.   Last week, processors increased...

The Algerian state agency OAIS held its second wheat procurement tender this week, purchasing 690,000 tons of milling wheat of any origin at an average price of $272/ton C&F, which is $19/ton lower than in the tender two weeks ago, but $11/ton higher than in the auctions at the end of February (before the war with Iran), Reuters reports.   Applications for participation in the tender were accepted until March 26, and the bid prices were significantly lower than in previous...

USDA FAS experts predict that in the 2026/27 MY, Brazil will again set a record for soybean production (for the third year in a row) and exports.   The soybean harvest in the 2026/27 MY is expected to increase by 3.3% compared to the current season from 178 to 184 million tons, as the sowing area will increase by 2.8% to 50.5 million hectares, and the yield will increase by 1% to 3.64 t/ha, which will exceed the 5-year average yield by 6%.   In addition to the increase in...

Egyptian farmers will begin harvesting from mid-April, with some provinces starting earlier due to high temperatures that have accelerated ripening. In most regions, the harvest takes place in May and June, but in some areas it will continue until August.   To increase wheat production, ensure the availability of bread and national food security, the Egyptian authorities have developed unprecedented financial incentives and support measures, including the introduction of...