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Against the backdrop of the strengthening of El Nino, rice prices in Asia have reached a two-year high, Bloomberg reports.   According to the Rice Exporters Association of Thailand, the most common rice variety in the region - Thai white rice with 5% additive - has risen in price by 15% over the past 4 months to the highest level since March 2021 - $535/t.   The dry weather that El Niño may bring to Southeast Asia will negatively affect the outlook for the harvest...

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 4200 111 Mustard seeds 76000 Peas 6100 Corn 5550 4658 ↑ 63 170 153 ↓ 8 169 Flax 20000 Sunflower oil...

Yesterday's speculative 4.5% rise in soybean oil prices on the Chicago Stock Exchange supported soybeans and canola.   August soybean futures rose 1.9% to $534.8/t (-1% for the week), and November futures rose 2.1% to $494.4/t (-0.6%) after according to the growth of August soybean oil futures by 4.5% to $1,438/t (+2.5%) and December - by 4.3% to $1,340/t (+1.1%) against the background of rising palm oil prices oil   But a deteriorating U.S. soybean crop, sluggish...

Vegetable oil markets opened the week with a sharp speculative rally in Chicago soybean oil prices, driven by declining US soybean inventories and increased demand from the biodiesel industry. Prices were also supported by the increase in the price of Malaysian palm oil based on the data on the slowdown in the growth of stocks in June and the activation of exports in July.   September palm oil futures on Bursa Malaysia yesterday rose 2.3% to 3,923 ringgit/t or $840/t (-1.6% for the...

The presidents of Ukraine and Turkey discussed the necessity of extending the grain agreement over the weekend. News that Ukrainian wheat may continue to enter the world market pushed prices lower on Monday, although traders are now paying more attention to dry conditions in the US, Kazakhstan and the Russian Federation, which are reducing the potential for spring wheat harvests.   In the winter wheat growing regions of the United States, heavy rains are delaying the harvest and...

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 4200 111 Mustard seeds 60000 Peas 6100 Corn 5550 4614 ↑ 93 172 153 ↓ 8 163 ↓ 6 Flax 20000 Sunflower...

Turkey is working to extend the grain agreement for another two years, the country's President R. Erdogan said at a press conference with the President of Ukraine V. Zelenskyi.   "We are trying to extend the operation of the grain corridor after July 17 for at least 3 months, but we will make efforts to extend the grain agreement for another 2 years," Erdogan said, adding that he had already discussed this issue with the Russian president.   The President of...

FAO experts raised their forecast for world wheat production in 2023 by 0.9% to 783.3 million tons, which will be 18.4 million tons less than the record figure of 2022.   At the same time, USDA analysts in the June report increased the forecast of world wheat production by 10.43 million tons to a record 800.19 million tons, while in 2022/23 MR it was 788.5 million tons, in 2021/22 MR - 781.3 million tons, in 2020/21 MR - 775.72 million tons.   For the EU, the production...