News

Experts from the USA, Canada and other countries of the world believe that the production of durum wheat in 2023 may be insufficient to meet the demand of the main importers, reports Progressive Farmer.   According to the USDA forecast, the United States will harvest 54 million bushels of durum in 2023, which will be 16% or 9.9 million bushels less than the 2022 harvest. Statistics Canada experts have not yet released their forecast for the yield and gross harvest of the main...

The Egyptian state operator GASC, a week after the last tender, held new wheat procurement auctions on August 8, where prices rose by 5.5% and Russian wheat won again. Analysts expected only an increase in freight costs, but FOB prices also jumped by 4.8%.   The number of submitted bids decreased from 30 to 18, but bid prices increased from $252-283 to $262-305/t FOB.   The following applications were submitted to the tender: from the Russian Federation – 14...

Against the backdrop of significant gas reserves in European storage, prices at the TTF hub in the Netherlands fell by 1.7%.   According to the Intercontinental Exchange (ICE), gas futures at the TTF hub in the Netherlands fell 1.7% to €29.97/megawatt-hour, corresponding to a price of $350/thousand cubic meters.   Bloomberg experts believe that low demand after last year's energy crisis, the high cost of gas storage and significant storage stocks are increasing...

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 3367 Mustard seeds 49250 Peas 8400 8650 3800 ↓ 3700 656 ↓ 227 145 Buckwheat 1111 Corn 5333 4508 ↓ 38 170 ...

According to the monitoring data of the Marine Traffic program, the number of vessels in the Danube ports has significantly decreased since August 3, Interfax-Ukraine reports.   If on August 4 there were 113 ships in the port of Izmail and the arrival of another 21 ships was expected, then on August 6 the number of ships decreased to 99 and the arrival of another 25 ships was expected. Already on August 7, only 48 ships remained in the port, although a week ago there were 120 ships...

Last week's heavy rains in the main soybean-growing regions of the United States and the Canadian prairies led to sharp declines in Chicago soybean quotes and canola and canola prices.   According to Crop Progress, the number of U.S. soybeans in good or excellent condition rose 2% for the week to 54% (59% last year). In the coming days, additional rains will pass, which, against the background of moderate temperatures, will improve the condition of crops in the critically...

Global wheat prices are forecast to rise amid heightened tensions in the Black Sea, but traders will pay more attention to crop forecasts this week in anticipation of an updated balance sheet from the USDA.   Yesterday, wheat quotations increased by 2.3-3.9%, but overall, prices decreased during the week. September futures rose in price yesterday: by 3.9% to $241.6/t - for soft winter SRW wheat in Chicago (-1.1% for the week), by 2.3% to $282.8/t - for HRW hard winter...

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 3367 Mustard seeds 49250 Peas 8650 ↑ 1350 7500 656 ↓ 226 145 Buckwheat 1111 Corn 5333 ↑ 83 4546 170 148 ↓ 3 219 ↑ 1 rapeseed cake ...