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Corn prices are rising in Ukraine, while global corn prices remain under pressure from increased production forecasts
17.11.2023
The increase in the number of vessels chartered by traders for November and December increased the demand for corn in Ukraine, but farmers do not want to sell grain at low prices, so buyers have to raise their purchase prices every day. During the week, purchase prices for corn rose by another $5-10/t to $140-145/t or UAH 5,600-5,700/t with delivery to Black Sea ports and $150-155/t to Danube ports, but producers restrained sales in anticipation of further price...
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Rains in Brazil and good weather in Argentina will influence markets next week
17.11.2023
In the main grain-producing countries, the weather favors the development of the harvest, and forecasts of so far little rain and a decrease in heat in central Brazil have stopped the speculative growth of soybean quotations. In the US , dry and warm weather allows to complete the harvesting of soybeans and corn with minimal losses, so production forecasts for these crops have been raised. A cold front will bring light rain and lower temperatures to the Midwest and Great Plains...
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Purchase prices for grains in Ukraine on November 16, 2023
16.11.2023
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 CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 900 105 Peas 8500 212 Buckwheat 9500 Green peas 5000 Corn 5475 ↓ 58 4111 ↑ 4 3098 146 ↑ 3 133 185 ↓ 2...
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Ukraine is increasing grain exports thanks to the active operation of Black Sea ports
16.11.2023
After August 8, when the new export corridor secured by the Ukrainian Armed Forces became operational, more than 100 ships with 3.3 million tons of Ukrainian agricultural and metallurgical products left the Black Sea ports of Ukraine. According to the State Customs Service, in the 2023/24 MR as of November 15, 10.968 million tons of grain and leguminous crops were exported, in particular in November - 1.728 million tons, which is 42% less than the corresponding figure last year....
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An increase in forecasts of world production could turn sugar prices downward
16.11.2023
Compared to previous estimates, the International Sugar Organization (ISO) increased the forecast of world sugar production in 2023/24 from 174.8 to 179.9 million tons, and lowered the forecast of the sugar deficit from 2.1 million tons to 335,000 tons. Increase production in Brazil offsets its reduction in Asia. However, so far, prices have not reacted to delays in deliveries from Brazil due to the country's ports being overloaded with soybeans and corn. It will be recalled...
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Ukraine and British insurance companies have developed a mechanism for covering risks in the Black Sea corridor
16.11.2023
Ukraine, together with a pool of insurance companies and the British government, has developed a mechanism for covering war risks in the Black Sea corridor, which will make it more accessible to exporters, - said Prime Minister of Ukraine D. Shmyhal. "The agreements between President Zelenskyi and Prime Minister of Great Britain Rishi Sunak helped Ukraine, together with British insurance companies, to develop a mechanism that will reduce the cost of insurance against war risks...
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Purchase prices for grains in Ukraine on November 15, 2023
15.11.2023
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 CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 900 105 Mustard seeds 550 Peas 8500 212 Buckwheat 9500 Rye grade II 4500 Green peas 5000 ...
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In 2023, Ukraine imported the largest amount of fertilizers in 2 years
15.11.2023
For 10 months of the current year, Ukraine imported almost 2 million tons of fertilizers, which is the largest indicator of the last two years. Experts expect that fertilizer consumption will also be a record this year. Nitrogen fertilizers accounted for the lion's share of imports, and the share of NPK and NP fertilizers increased significantly compared to 2022. Currently, the import of fertilizers is: N – 1030.4 thousand tons, NPK – 442.7...
