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The USDA's September report again came as a surprise to the US corn market due to another increase in the US crop forecast, although analysts expected it to be reduced due to the low yield observed during the crop tours.   The US Department of Agriculture (USDA) in a report lowered the forecasted US corn yield from 188.8 to 186.7 bushels/acre (11.71 t/ha), but increased the forecasted area to harvest by 1.3 million acres to 90 (82.9 in 2024) million acres (compared to...

In the September supply and demand report, USDA experts sharply increased their forecasts for global wheat production, consumption, and ending stocks for the 2025/26 MY, which will continue to pressure prices in the near term.   Despite the improvement in the global balance, December wheat futures even rose slightly after the report was released: by 0.5% to $192.4/t - for SRW wheat in Chicago (+3.7% since the release of the August report); by 0.9% to $189.1/t – for HRW...

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 33000 30000 Peas13438 13050 Buckwheat 15750 Rye 10000 Rye grade II ...

Export prices for corn in Ukraine remain at the level of 9250-9350 UAH/t or 197-203 $/t with delivery to Black Sea ports, and no significant correction is expected in the coming months, given the approaching harvest of a record harvest in the USA and low world prices.   The Brazilian agency CONAB has increased its forecast for corn production in Brazil in the 2024/25 MY by 2.67 million tons to 139.67 million tons, significantly exceeding the USDA's August estimate of 132 million...

The Ukrainian government is offering farmers a 10% duty on soybean and rapeseed exports, and later promises to prepare a new bill and refund the duties paid. But most producers are stopping the export of these goods while waiting for the legislation to be settled. Traders are suffering the most from this situation, as they are forced to pay for the downtime of ships that are scheduled to load about 500,000 tons of soybean and rapeseed.   Business associations are calling on the...

The weather in the US will remain favorable for late crops this week and next, with occasional showers, but drought in the south and east of the country may slightly reduce the yield potential. The rains may delay the soybean and corn harvests, but they will improve conditions for winter sowing.   Heavy rainfall is expected in Canada next week, which will delay the harvest of canola and spring wheat and could reduce crop potential.   Southern Brazil has been experiencing...

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 Mustard seeds 33000 30000 Peas13438 ↓ 162 13050 ↓ 425 Buckwheat 15750 Rye 10000 Rye grade...

According to the Malaysian Palm Oil Board (MPOB), in August, Malaysia's crude palm oil production increased by 2.35% compared to July (up 7.09% in July compared to June) to a new high of 1.855 million tonnes, but exports decreased by 0.3% (+3.82% in July) to 1.324 million tonnes, leading to an increase in inventories for 6 consecutive months.   Malaysian palm oil inventories rose 4.2% in August (+4% in July and +4% in June) to a 2-year high of 2.2 million tonnes, pushing down...