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The USDA raised its forecast for global corn production and stocks, which led to a drop in prices
13.10.2021
The USDA's October corn balance sheet once again surprised the market with unexpected estimates. USDA experts also increased the forecast of world production, as well as initial and final corn stocks in 2021/22 MG. As a result of the decrease in the estimate of World corn production in the balance sheet for 2020/21 MG by 1.6 million tons to 1115.5 million tons and the estimate of consumption by 5.11 million tons to 1131.61 million tons. initial inventory for my 2021/22, it was...
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The USDA sharply lowered its forecast for wheat production and inventories in my 2021/22
13.10.2021
In the October report, USDA experts sharply lowered forecasts for wheat production and stocks in 2021/22 MG, which was an unexpected surprise for the market, but so far has not affected quotes. In the wheat balance sheet for my 2020/21, the estimate of world wheat production was reduced by 1.1 million tons to 774.74 million tons, consumption was increased by 0.3 million tons to 781.17 million tons, and reserves in Iran were reduced by 3.6 million tons due to the revision of...
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The USDA lowered its forecast for global oilseed production, but raised its estimate of Final stocks
13.10.2021
In the October balance sheet, USDA experts lowered their forecast world production of oilseeds crops in 2021/22 MG by 0.92 million tons to 628.24 million tons (602.29 million tons in 2020/21 MG). The decrease in the estimated yield of canola in Canada by 1 million tons and sunflower in Ukraine by 0.5 million tons and Russia by 0.5 million tons compensates for the increase in the soybean crop in the United States by 2 million tons. Due to a decrease in the processing margin in...
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Purchase prices for grains in Ukraine on October 13, 2021
13.10.2021
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, $ FOB, $ DAF, $ Wheat mill offals 5100 Mustard seeds 22000 Peas 9500 9000 9900 300 315 Buckwheat 23000 23000 Rye 187 Rye grade II 5100 ...
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Wheat stock prices are expected in the October USDA report
12.10.2021
Today, the USDA will release a new balance of wheat supply and demand, which may increase global stocks amid declining demand, as well as adjust production forecasts for the United States and Russia. Yesterday, exchanges in the United States were closed due to the weekend on the occasion of Columbus Day. Weekly reports on export sales and crop conditions will be released today, which will give traders additional information for analytics. December US futures...
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The rise in the price of palm oil has led to an increase in prices for sunflower oil and sunflower
12.10.2021
Yesterday, December palm oil futures on the Malaysian stock exchange rose 2.2% to a record 4,955 ringgit/ton or 1 1,198/ton on the back of lower-than-expected palm oil stocks at the end of September. The rise in the price of palm oil led to an increase in prices for sunflower oil to 1 1350-1400/ton FOB and, accordingly, for sunflower in Ukraine. According to the Palm Oil Council of Malaysia (MRO), in September, palm oil reserves in Malaysia decreased by 7% to 1.75...
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Improved harvest forecasts in Australia and Brazil have brought down rapeseed and soybean prices
12.10.2021
Favorable weather conditions allowed canola harvesting in Canada before the start of snowfall, and precipitation in Australia and Brazil improves the prospects for the harvest, so prices for rapeseed, canola and soybeans turned down after reaching record levels. Experts, thanks to favorable weather in Australia, raised estimates of canola production in 2021/22 MG to 5.5 million tons, and according to the official forecast of ABARES, it will reach a record 5.03 million tons...
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Purchase prices for grains in Ukraine on October 12, 2021
12.10.2021
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, $ FOB, $ DAF, $ Wheat mill offals 5100 Mustard seeds 22000 Peas 9500 9000 9900 300 315 ↑ 5 Buckwheat 23000 23000 Rye 187 ↑ 2 Rye grade II...