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In an August report, USDA experts raised the forecast for global sunflower production in FY 2023/24 by 2%, thanks to a good harvest in Ukraine due to favorable weather conditions, which will exceed the 2022/23 FY by 6.4%, but will be 2% below the record level of 2021/ 22 MR.   USDA experts increased the forecast of world sunflower production by 1.1 to 55.8 million tons (52.441 million tons in 2022/23 MR), in particular for the Russian Federation - by 1 to 17.5 (16.254) million tons...

In the August report, USDA experts reduced the forecast of the world production of oil crops by 3.6 million tons to 663.7 million tons due to a decrease in the harvest of soybeans in the United States, rapeseed in Canada and sunflower in the EU, which will not be able to compensate for the increase in the harvest of rapeseed and sunflower in Ukraine and Russian Federation However, the volume of production will still exceed the figure of the previous season by 5.5%.   After growing by...

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 3100 Peas 100 196 145 Buckwheat 14000 1111 Corn 5933 ↓ 217 4712 ↓ 177 170 165 223 ↑ 2 rapeseed cake 800 Soybeen cake 18500 ...

Corn prices fell 1.8% amid a downgrade in US export estimates, despite lower forecasts for 2023/24 global corn production, consumption and stocks in a new USDA report. The drop in the US harvest forecast in FY 2023/24 to 383.83 million tons does not scare traders, as it will be the second largest in history after FY 2016/17.   Compared to the July report, the new corn balance for the 2023/24 FY has undergone the following changes:   The estimate of initial reserves was...

In the August balance sheet for wheat, USDA experts, as in July, again lowered their forecasts for production, consumption and stocks to almost the level of the previous season, although export volumes and ending stocks will be lower than last year.   In general, the data of the report almost corresponded to the preliminary estimates of analysts, therefore, despite its "bullish" nature, stock market quotations fell. US wheat prices are being pressured by an increase in 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 3100 ↓ 267 Peas 8400 10000 ↑ 1350 100 196 ↓ 2 145 Buckwheat 14000 1111 Corn 7260 6800 4889 ↑ 366 170 165 230 ↑ 9...

USDA's August balance sheet changes focused mostly on the U.S., but they were in line with analysts' earlier estimates, so quotes reacted to the new report with a drop as U.S. weather improved.   On the Chicago Stock Exchange on Friday, September soybean futures fell 1.1% to $491.4/t (-8% for the month), and November futures fell 0.8% to $480.4/t (-1.6%).   Compared to the July report, the new balance for soybeans for 2023/24 MR underwent the following...

Strategie Grains experts again lowered the forecast for the wheat harvest in the EU based on preliminary harvest data. In comparison with July estimates, the forecast for the production of soft wheat in 2023/24 MR was reduced from 126.2 to 124.7 million tons (125.3 million tons in 2022/23 MR). At the same time, heavy rains in the north of Europe increase the risks of crop loss and a decrease in its quality. As a result of the deterioration of the weather in the south of Europe, the corn...