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The Argentine government's decision to temporarily lift export duties on agricultural products has increased uncertainty in vegetable oil markets, as the seasonal increase in global supply of sunflower and rapeseed oil is being compounded by active sales of soybean and sunflower oil from Argentina at significant discounts.   The first to react were October palm oil futures on the Bursa exchange in Malaysia, which fell 2.3% yesterday to 4,343 ringgit/t or $1,035/t after almost 5...

In their latest report, RaboResearch experts note that rising operating costs and falling prices for agricultural products are reducing the profitability of farms. And this situation will persist in the main agricultural regions until mid-2027.   Geopolitical tensions and trade wars will complicate the situation in 2025. Despite a slight decrease in crop prices, overall operating costs are rising, creating problems for producers of soybeans, corn and other crops. But despite the...

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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 6000 ↓ 250 Mustard seeds 34000 Peas13417 12825 Coriander 27000 Corn9199 8340 8000 ↓ 118 225 ↑ 2 207 ...

Argentina's economic crisis deepened after President Milley's party unexpectedly lost local elections in a key region, Buenos Aires province, ahead of parliamentary elections in October. Investors doubted the president's political stability and his ability to push through radical reforms. Argentina has already used $20 billion in IMF financing this year, and in the past three days, the central bank has been forced to sell more than $1.1 billion of its reserves to stabilize the...

COCERAL, the European trade association for cereals, pulses and oilseeds, animal feed and other agricultural raw materials, has released a new forecast for European grain production in 2025, significantly higher than the June estimate. Wheat and barley yields are expected to be record-breaking, while the forecast for maize has been sharply reduced.   Compared to June estimates, the grain harvest forecast for the EU-27 and the UK has been increased from 300.7 to 306.8 million tonnes,...

USDA and IGC experts in their September reports increased forecasts for world wheat production in 2025/25 MY to a record 816.2 and 819 million tons, respectively (800.9 million tons in 2024/25 MY), which increased the pressure on quotes. But yesterday's decision by Argentina to remove export duties caused soft wheat quotes in Chicago to fall by 2.4% to a 5-year low.   Argentine authorities yesterday lifted all export duties on grain until October 31 to boost foreign exchange...

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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 6000 ↓ 250 Mustard seeds 34000 ↑ 1000 Peas13417 12825 Coriander 27000 Corn9199 8340 8000 ↓ 118 225 ↑ 2...

Following talks between the US and Chinese delegations from September 14-17, Presidents Trump and Xi Jinping held a phone call on Friday, during which they discussed trade, the fight against fentanyl smuggling, the possibility of ending Russia's war with Ukraine, and a deal on TikTok. However, it is not yet clear whether the parties have reached an agreement.   Beijing's statement said that a deal to sell TikTok has not yet been concluded: "China's position on TikTok...