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After Kazakhstan banned the supply of Russian grain, the Russian Federation blocked the import and transit of Kazakh agricultural products
03.10.2024
The authorities of the Russian Federation have banned the import and transit of grain and other types of agricultural products from Kazakhstan, allegedly due to non-compliance with phytosanitary requirements. But market participants consider this a response to Kazakhstan's recent ban on grain supplies from the Russian Federation. This year, Kazakhstan plans to collect a record 27.7 million tons of grain, of which it will be able to export about 9 million tons. The country...
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On the Atlantic coast of the United States, port workers went on strike for the first time in 50 years
03.10.2024
Ports on the Atlantic coast of the United States stopped work as tens of thousands of port workers went on strike for the first time in 50 years, the Financial Times reports. The strike began after the expiration of the collective agreement of the International Association of Port Handlers (ILA), while negotiations on a new agreement, which will cover 25,000 workers, have been deadlocked for several months due to disagreements over pay and labor automation, says a representative of...
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Purchase prices for grains in Ukraine on October 2, 2024
02.10.2024
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, $ Vetch 21750 Wheat mill offals 4000 155 170 Mustard seeds 24500 ↓ 500 Peas 13000 13125 5900 ↓ 1250 Rye grade IV ...
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Wheat quotes rose 2.5% amid escalation in the Middle East
02.10.2024
The increasing probability of an open war between Iran and Israel with the involvement of other countries in the conflict led to a sharp increase in wheat exchange prices. Yesterday, December futures rose: by 2.6% to $220/t - for soft winter SRW wheat in Chicago, by 2.5% to $219.8/t - for hard winter HRW wheat in Kansas City, by 2.1% to $233.2/t - for hard spring HRS-wheat in Minneapolis, by 2.4% to €227.5/t or $251.6/t - for wheat on the Paris...
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Oil prices rose sharply after Iran's missile attack on Israel
02.10.2024
After Israel destroyed the leaders of Hamas and Hezbollah and began an operation in Lebanon to clear the border zone of terrorists, Iran attacked Israel with hundreds of ballistic missiles. But Israeli Prime Minister Benjamin Netanyahu said that "the country's best air defenses in the world repelled the attack, and Iran will soon pay for its actions." The Wall Street Journal reports that Israel has warned Iran of direct strikes on nuclear or oil...
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Egypt plans to reform the food subsidy system, which could reduce the state's wheat imports
02.10.2024
Egypt plans to change its food subsidy system and switch to direct subsidies instead of subsidized supplies, as this will be more efficient, according to economists. For several decades, the country's authorities provided a significant part of the population with bread instead of other products at subsidized prices, and previous attempts to reform this program led to protests. In 2023, Egypt imported 11 million tons of wheat, half of which was purchased by the...
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Purchase prices for grains in Ukraine on October 1, 2024
01.10.2024
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, $ Vetch 21750 Wheat mill offals 4000 155 170 Mustard seeds 25000 Peas 13000 13125 ↑ 325 7150 Rye grade IV 6400 ...
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Rains in Brazil stopped the growth of soybean prices on world exchanges and in Ukraine
01.10.2024
The other day, scattered precipitation occurred in Brazil, which did not reach the central regions of the country. This week, a new front could bring the first rains and a slight drop in temperatures to the state of Mato Grosso. According to the AgRural agency, on September 26 soybeans in Brazil were sown on 2% of the planned area (5% last year). Thanks to the rains in the second half of September, 13% of the area has already been sown with soybeans in the main producing state of...
