News

In the June report, IGC experts reduced the forecast of world corn production in 2023/24 MR by 6 million tons to 1.211 billion tons compared to previous estimates, which, although it will exceed last year's 1.15 billion tons by 5%, but will be significantly inferior to the USDA forecast of 1.223 billion t.   At the same time, the forecast of world wheat production has been increased by 3 million tons to 786 million tons, which will be slightly less than last year's 788.5...

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 FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4200 111 Mustard seeds 60000 Peas 10000 Corn 5156 ↑ 123 4517 172 ↓ 1 190 170 169 ↓ 3 Soybeen cake 18000 Sunflower...

Soybean and corn prices continued to fall this week amid rains in the central regions of the US corn belt, which has been hit hardest by the drought. Corn prices have completely lost the speculative growth of June, and soybean quotes have risen by 10% for the month.   Traders are taking gains ahead of the final U.S. plantings report, due June 30, as well as the June 1 quarterly inventory report and Canada's acreage increase data.   According to Statistics Canada...

Yesterday's report from Statistics Canada (StatCan) sent a speculative drop in wheat prices immediately by 8%, followed by a weekly drop of 6.8-12%. Traders are looking ahead to the final US plantings report due on June 30, and have so far ignored data on the large yield gap for winter wheat in Kansas.   According to the StatCan report, the area planted to wheat in FY 2023/24 will grow by 6.4% compared to the previous season, from 25.39 to 27.024 million acres, which will be the...

According to the Statistics Canada (StatCan) report released yesterday, in 2023 the planted area in the country increased by 3.2% compared to the previous year from 21.4 to 22.1 million acres, while traders estimated it at 21.8 million acres.   The expansion of planting areas is due to high canola prices during the last two seasons. But analysts say that due to dry and cold weather at planting time, the total canola crop may remain at last year's level, even with increased...

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 FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4200 111 Mustard seeds 60000 Peas 10000 Corn 5033 4517 172 ↓ 1 190 170 169 ↓ 3 Soybeen cake 18000 Sunflower oil cake...

World grain markets remain under the pressure of uncertainty with the harvest of the new season, so expert forecasts become speculative factors influencing quotations.   The Ukrainian Agribusiness Club (UKAB) has published forecasts for the harvest of grain and oil crops in Ukraine, which are significantly worse than official estimates.   According to UCAB forecasts, the harvest of grain crops will decrease compared to 2022 from 53 to 42.5 million tons due to the reduction...

Wheat futures on the US exchanges collapsed yesterday, despite the deterioration of the spring wheat crop and the delay in harvesting winter wheat in the US. Following them, prices for European wheat fell.   Yesterday, July futures fell in price: by 6% to $251.7/t - for soft winter SRW wheat in Chicago, by 3.6% to $307.8/t - for hard winter HRW wheat in Kansas City, by 3.6% to $306.2/t - for hard spring HRS-wheat in Minneapolis, by 4.1% to €236.5/t or $259/t -...