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Wheat quotes continue to fall, despite the deterioration of crops in the US and France
04.07.2023
Wheat and corn markets remain under pressure from USDA reports of increased U.S. corn acreage. However, traders were not active on the eve of the US Independence Day on July 4, so the quotations almost did not react to the next decrease in the forecast of the wheat harvest in the EU, the deterioration of the state of crops in the USA and France, and the activation of exports from the USA. According to the NASS Crop Progress report, in the USA as of July 2, winter wheat was...
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Purchase prices for grains in Ukraine on July 4, 2023
04.07.2023
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4200 111 Mustard seeds 60000 Peas 8050 Corn 6750 5250 ↑ 50 4499 ↓ 18 171 190 170 169 ↓ 3 Flax ...
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USDA's quarterly report on US soybean and corn crops shocked the markets
03.07.2023
USDA's quarterly U.S. acreage and old-crop stocks reports, usually released on June 30, help traders determine balances for the new season and forecast price trends. This year, the data of the reports differed significantly from the March and June forecasts of the USDA and the average estimate of analysts, which quite shocked the market participants. Soybean prices rose 5-6% on the report, while corn fell 5-7.3%, and recent heavy rainfall in the US corn belt will add further pressure on...
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Wheat prices fell, although acreage and stocks were lower than expected
03.07.2023
The USDA's quarterly U.S. acreage and stocks reports were more pessimistic than analysts expected, but wheat prices continued to fall after the corn market, for which acreage estimates were unexpectedly increased significantly. According to NASS USDA, 49.628 million acres of wheat were planted in the US in 2023, which is 227 thousand acres less than the March forecast and 28 thousand acres less than the average estimate of analysts. Estimates of winter wheat acreage were...
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Despite the blocking of the grain corridor by the Russians, Ukraine exceeded last year's export volumes
03.07.2023
According to the Ministry of Development of Communities, Territories and Infrastructure of Ukraine, starting from June 26, there are 29 ships in the queue in the territorial waters of Turkey, which are supposed to export 1.4 million tons of Ukrainian agricultural products to 5 countries in Africa and Asia, in particular to China, Egypt, Bangladesh and Turkey. In June, only 2 million tons of agricultural products were exported through the Black Sea ports, and another 1 million tons...
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Purchase prices for grains in Ukraine on July 3, 2023
03.07.2023
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4200 111 Mustard seeds 60000 Peas 8050 ↓ 1950 Corn 5133 4517 172 190 170 169 ↓ 3 Flax 20000 ...
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Palm oil quotes support Indonesia's plans to increase its biodiesel content to 40%
30.06.2023
The world's largest producer of palm oil, Indonesia, in February increased the mandatory share of biodiesel from 30% to 35%, and plans to increase it to 40% in the following years in order to reduce dependence on crude oil and maximize the use of its own resources, the ministry said. energy of the country. For this purpose, the authorities are conducting road tests of the B40 mandate, although the transition to 35% has not been fully implemented in some regions, as part of the...
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Forecast of heavy rains in the US and the Canadian prairies increase pressure on soybean and corn prices
30.06.2023
This week, it rained in most of the Midwest of the USA , especially in the central regions of the "corn belt" - the states of Michigan and Illinois, where dry weather prevailed against the background of heat. Rainfall will continue next week, dropping temperatures from 30-33 ° C to 28-30 ° C, which will reduce stress on soybean and corn crops. The Southern Plains of the United States will experience two waves of rain during the week, which will delay...