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Soybean quotes rose 3% on data from the USDA's October report
13.10.2023
In an October report, USDA experts lowered their forecast for global soybean production and stocks, and raised their estimate of consumption, leading to a sharp rise in quotes after a long decline. November soybean futures in Chicago rose 3% to $474/t yesterday, although they remain 4.7% lower than a month ago and 5.4% lower than a year ago due to buoyant soybean exports from Brazil and low export demand for soybeans in the USA. Compared to the September estimates ,...
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Purchase prices for grains in Ukraine on October 13, 2023
13.10.2023
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 1400 Mustard seeds 671 Peas 7400 265 ↑ 14 Corn 4375 3913 135 208 ↑ 7 Flax 430 Soybeen cake 12000 400 348 Sunflower oil...
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The cost of ship freight for the Black Sea Corridor is gradually decreasing
12.10.2023
The activation of the movement of vessels through the new humanitarian corridor opened by Ukraine in the Black Sea leads to a decrease in the cost of insurance, experts of the company Spike Brokers reported on October 11 on their channel in Telegram. According to their data, the cost of insuring ships against military risks and damage has already decreased to 2% of the cost of the ship, and the cost of insuring cargo against military risks reaches 4% of the declared value of the...
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Global soybean prices are falling in anticipation of the new USDA report, but they remain stable in Ukraine
12.10.2023
Analysts expect the USDA's October report due today to show a slightly revised U.S. soybean balance sheet, but soybean futures continue to fall under pressure from falling domestic demand and soybean oil prices, which are significantly higher than palm and sunflower oil. . Also, soybean prices in the US are being pressured by the active export of soybeans from Brazil and forecasts of an increase in the harvest in the new season. According to customs data, in September Brazil...
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An increase in palm oil stocks in Malaysia is putting pressure on soybean oil prices
12.10.2023
The seasonal increase in the supply of cheap sunflower oil from Ukraine and the Russian Federation puts pressure on soybean and palm oil quotations. The depreciation of the ruble allows traders from the Russian Federation to significantly lower oil prices. The report of the Ministry of Internal Affairs and Communications Association dated October 10 confirmed analysts' forecasts of an increase in palm oil reserves in Malaysia for the fifth month in a row. In September, they...
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Purchase prices for grains in Ukraine on October 12, 2023
12.10.2023
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 1400 Mustard seeds 671 Peas 7400 265 ↑ 14 Corn 4375 3913 135 209 ↑ 8 Flax 430 Soybeen cake 12000 400 348 ↓ 5461...
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Falling wheat prices did not stop the downgrading of the forecast for Kazakhstan and Egypt's purchases
11.10.2023
The correction in wheat prices after a sharp previous decline has ended, and they fell again yesterday by 1.2-2.6% in anticipation of the USDA's October report. Quotations were not supported even by the new purchase of wheat by Egypt and the lowering of the harvest forecast for Kazakhstan. Yesterday it became known that on October 10, GASC purchased 500,000 tons of wheat for delivery in November-December at a price of $265/ton FOB in private negotiations. In January - September...
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Rainfall in Brazil boosts soybean and corn planting as farmers increase soybean acreage
11.10.2023
Brazilian farmers are stepping up planting of soybeans and corn in anticipation of the rainy season, but delayed rains in central regions could lead farmers to increase soybean acreage instead of corn, especially amid better prices. In central Brazil, there are occasional downpours, but not as heavy as in the south, where excessive rains have led to floods that could damage the quality and yield of winter wheat. According to the AgRural agency, as of October 5, 10.1%...
