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Dry and hot weather in the southern regions of Ukraine allowed the start of harvesting of sunflowers, whose harvest forecasts are increasing thanks to favorable conditions for the development of crops. In the next 10-15 days, the heat with little precipitation will accelerate harvesting and increase supply, which will lead to a seasonal decrease in prices to the level of 12,000-13,000 hryvnias/t with delivery to the plant against the background of blocking the export of sunflower oil and meal...

SovEkon experts increased the wheat harvest forecast in the Russian Federation in 2023 by 5 million tons, from 87.1 to 92.1 million tons, compared to the July estimates, which exceeds the USDA's August forecast of 85 million tons and the official forecast of the Ministry of Agriculture of the Russian Federation of 78 million tons .   In addition, the forecast for barley production was increased from 18.6 to 20.9 million tons (USDA 19.1 million tons), and corn - from 14.6 to 14.8...

On August 22, the Egyptian state operator GASC held a new tender for the purchase of wheat, for which significantly more offers were submitted, and prices for European wheat turned out to be lower than for Russian wheat.   Compared to the August 8 tender, the number of bids rose from 18 to 32, especially Bulgarian and French wheat, while offer prices fell from $262-305/t FOB to $265-270/t FOB.   The following applications were submitted to the tender: from the...

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, $ DAF, $ CIF, $ Wheat mill offals 3200 Peas 8500 10000 7000 100 196 Buckwheat 14000 Corn 5500 5500 5083 ↑ 132 172 224 ↑ 4 Flax 10240 ...

Turkey and the UN are developing projects to restore the grain corridor to avoid "global problems, migration and instability in underdeveloped countries," Sabah reports.   Technical negotiations between Ukraine and the Russian Federation may take place in Istanbul, and on August 25 the head of the Turkish Foreign Ministry will visit Ukraine.   The Bild publication published official correspondence between the Foreign Ministry of the Russian Federation and Turkey,...

The soybean market has experienced an unusual situation this season when, amid a poor harvest in Argentina and increased demand in the United States, prices for U.S. soybeans exceeded prices for the normally premium Brazilian soybeans, allowing China to step up imports of cheap soybeans from Brazil.   A reduction in exports of old-crop soybeans from the U.S. is holding down new-crop prices, even though new-crop conditions in the U.S. aren't too favorable.   According...

August in India will be the driest in the last 100 years, and the amount of precipitation in the country will be very small, partly also due to the influence of the El Nino phenomenon, - reports Reuters with reference to sources in the country's weather department.   The amount of precipitation in August will be the lowest in the entire history of observations (since 1901), which will reduce the yield of rice, soybeans and other summer crops, and will lead to a rise in prices at...

In the August report, IGC experts increased the forecast of world wheat exports in 2023/24 MR from 196.9 to 197.2 million tons (206.6 million tons in 2022/23 MR), in particular for the EU - from 35, 7 to 36.2 (34.7) million tons, China - from 1.1 to 1.2 (1.1) million tons, the Russian Federation - from 45.2 to 46.6 (46.7) million tons.   At the same time, the forecast for the export of flour wheat was reduced due to the deterioration of quality in some countries - exporters of the...