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During the year, soybean oil quotes on the Chicago SWOT increased by 30%, while palm and sunflower oil quotes increased by only 10-15%, amid restrictions on the use of imported vegetable and waste oils for biodiesel production in the US, as well as the White House's intentions to increase biodiesel production in the US. However, the uncertainty of these plans led to sharp speculative jumps in soybean oil prices during the season.   December soybean oil futures on SWOT rose by...

After the CIA chief's visit to Russia, Putin ordered increased strikes on Ukraine, considering peace talks fruitless, Bloomberg reported, citing sources close to the Kremlin. This led to a sharp increase in stock market quotes for wheat and other crops.   The Kremlin believes that the negotiations have reached a dead end, so Putin is preparing to escalate the war to the point of using tactical nuclear weapons. In principle, this looks like a standard set of threats from the...

About 50-60 ships have accumulated near the Sulina Canal, some of which have been waiting in line for more than a week, waiting to enter Ukrainian ports on the Danube.   After the closure of Ukraine's deep-water ports, charterers began directing vessels to Danube ports, which led to a sharp increase in the queue. When there were about 20 vessels waiting to enter the canal, the flow was able to be serviced, but the increase in the number of vessels sharply worsened the...

At the proposal of the Cabinet of Ministers of Ukraine, the National Bank, by Resolution No. 97 of August 25, 2026, temporarily increased from 120 to 150 days the deadline for payments for the export of certain types of agricultural products, in particular grain and oilseed crops, products of their processing, as well as vegetable oils.   The decision comes into force on August 26, 2026 and will apply to export transactions carried out from July 1, 2026 to August 31,...

Grain and oilseed procurement prices in Ukraine remain influenced by new-crop supplies and activity from processors and exporters. Some strengthening is being observed in the oilseed market, with sunflower prices edging higher while soybean oil procurement prices continued to rise.   As of August 26, 2026, traders are purchasing Grade 2 wheat at an average price of UAH 8,700/t, corn at UAH 8,100/t, barley at UAH 7,500/t, sunflower seeds at UAH 19,133/t, soybeans at UAH 17,800/t, and...

According to the USDA forecast, in 2026/27 MY, global vegetable oil production will grow to a record 244.95 million tons (238.75 million tons in 2025/26 MY, 230.8 million tons in 2024/25 MY, and 222.4 million tons in 2023/24 MY), but ending stocks will remain at the previous season's level of 30.8 million tons due to increased consumption.   The cessation of oil exports from the Black Sea ports of Ukraine and the Russian Federation and the rise in oil prices keep vegetable oil...

From September 1, 2026, Maersk is changing tariffs for container rail transportation between Ukrainian terminals and the port of Gdansk, both for import and export cargo.   For imports, the new tariffs come into effect on September 1, for exports they will apply to new applications according to the date of receipt of the equipment release.   According to the company, depending on the departure terminal, export rates for standard dry cargo in 20-foot containers will be...

Experts from the EU's Crop Monitoring Service (MARS) sharply lowered yield estimates for major crops in an August report, as prolonged heat and moisture deficits in western and central Europe reduced grain yields and accelerated crop ripening.   Thus, compared to July estimates, the yield forecasts for the main crops have been reduced: soybeans – by 12% to 2.31 t/ha, which will be 14% below the 5-year average, corn for grain – by 5% to 6.61 t/ha (-7% to the...