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Favorable conditions in the main grain exporting countries reduce weather pressure on prices
04.08.2023
Forecasts of new precipitation and lower temperatures in the US corn belt and a decrease in the intensity of precipitation in Europe next week will be the main factors influencing global agricultural markets. A rain front moved across the U.S. Corn Belt this week, reducing moisture deficits in dry areas and improving conditions for soybean and corn crops. Next week, a new front will bring rain and moderate temperatures again, which will help spring wheat, soybeans and...
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Wheat quotes continue to fall, losing 8.5-13.5% for the week
04.08.2023
The world wheat market remains under pressure to accelerate harvesting in the main exporting countries, where good yields are observed. Favorable weather predicted for the next two weeks will allow harvesting to be completed. Wheat quotations on world exchanges have been falling for 5 days in a row, and have decreased by 8.5-13.5% in a week. Yesterday, September futures fell: by 2.1% to $230.4/t - for soft winter SRW wheat in Chicago (-13.5% for the week), by 2.6% to $282/t...
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Purchase prices for grains in Ukraine on August 4, 2023
04.08.2023
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 76000 Peas 7300 7500 1111 145 Buckwheat 1111 Corn 5500 6300 4839 170 148 ↓ 17 219 ↑ 1 rapeseed cake 800 ...
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Egypt's GASC bought mostly Russian wheat at a tender 8% more expensive than at previous auctions
03.08.2023
The state-owned Egyptian operator GASC purchased 360,000 t of wheat for September 1-10 delivery at an August 2 tender at an average price of $263.68/t C&F, which is 8% higher than the purchase price of the June 6 tender, where GASC purchased the lot (the cheapest of those offered) 55 thousand tons of Russian wheat from Agric SA at a price of $244.5/t C&F ($229/t FOB + freight $15.5/t). The number of bids submitted to the tender increased sharply from...
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Wheat prices continue to fall, despite the damage to the port of Izmail
03.08.2023
On the night of August 2, the Russian Federation attacked the port of Izmail with drones, which led to destruction, fires, the reduction of 40 thousand tons of grain and the shutdown of one of the two largest Danube ports, which were the only working route for the export of grain from Ukraine. Against the background of the completion of the grain agreement, the suspension of exports through the Black Sea ports and the blocking of Ukrainian imports by the neighboring EU countries,...
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India imported a record amount of edible oil in July
03.08.2023
India increased its imports of edible oil to a record 1.76 million tonnes in July as refiners ramped up stockpiles ahead of the festivals, given volatile supplies from the Black Sea region and an increase in the discount on palm oil compared to soybean and sunflower. The activation of imports by the world's largest buyer of vegetable oils will lead to a reduction in palm oil stocks in Malaysia and Indonesia, will support the prices of basic products and soybean oil, and will...
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Purchase prices for grains in Ukraine on August 3, 2023
03.08.2023
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 76000 Peas 7300 7500 145 Buckwheat 1111 Corn 5500 6300 4839 170 165 233 ↑ 7 Soybeen cake 17550 Sunflower...
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Palm oil fell 7.3% for the week, but experts expect prices to rise in 2024
02.08.2023
Malaysian palm oil has fallen for six straight sessions and futures fell to a 3-week low yesterday ahead of July production and export data. Experts believe that importers have built up enough stocks, so Malaysia will reduce supplies in August after strong exports in June and July. In July, palm oil exports from Malaysia grew by 7.8% compared to June, according to surveyor AmSpec Agri Malaysia, and by 14% according to Intertek Testing Services (ITS). September palm oil futures on...