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From the occupied territories of Ukraine, the Russian Federation sold grain worth billions of dollars, in particular, it paid Iran for the supply of ballistic missiles.   The Russian Federation exported the first batches of grain stolen from Ukraine in the summer of 2022, and later organized a mass export of grain.   According to the WSJ, the occupiers are either taking crops from farmers or buying them at low prices. State companies are involved in the business, in...

Wheat prices on global exchanges fell 2-3.5% yesterday amid profit-taking by traders, but the overall weekly increase was only 1-2.2%.   The market has not yet reacted to the deterioration of wheat harvest prospects in the Russian Federation and the high rate of export of cheap Russian and Ukrainian wheat, as a result of which the export potential in the second half of the season will significantly decrease.   In eastern Siberia, excessive precipitation led to the...

Statistics Canada StatCan yesterday reduced the forecast for the canola harvest in the country in the 2024/25 FY by 0.5 million tons to 19 million tons (19.5 million tons forecast in August), which will be 1.1% lower than the 2023/24 FY and 5.2% - the USDA's September forecast (20 million tons). The canola yield estimate was cut by 0.8% to 38.4 bushels/acre, and the harvested area was cut by 0.4% to 21.8 million acres.   This led to a sharp increase in quotations, which...

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, $ Wheat mill offals 3800 140 130 Mustard seeds 25000 Peas 13000 12800 7125 ↑ 6875 Buckwheat 9000 10000 330 Rye grade IV ...

The Indian government has increased the basic duty on crude palm, soybean and sunflower oil from 0% to 20%, and on refined palm, soybean and sunflower oil from 12.5% to 32.5%.   The move should support oilseed farmers, especially in Maharashtra and Madhya Pradesh, and boost oil exports.   Now the effective (full) duty on crude palm, soybean and sunflower oil will increase from 5.5% to 27.5%, and on refined oil - from 13.75% to 35.75%, which will greatly limit oil imports...

Sunflower harvesting continues in Ukraine, and as of September 12, 2.975 million tons were threshed from 1.5 million hectares or 30% of the area with a yield of 1.98 tons/ha, which is still inferior to last year's figure.   During the week, demand prices for sunflowers with an oil content of 50% increased by another UAH 500/t to UAH 20,500-21,500/t with delivery to the factory, as farmers hold back sales against the background of rising prices and collect late...

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, $ Wheat mill offals 3800 140 130 Mustard seeds 25000 Peas 13000 12800 250 Buckwheat 9000 10000 330 Rye grade IV 6400 ↑...

A few days ago, there were heavy rains in the east of Europe, which will delay the sowing of winter rapeseed and may damage some of the crops. Rains also fell in the center and west of Ukraine, which will improve the condition of winter crops and allow additional areas to be sown. But the drought persists on the left bank of Ukraine, and no precipitation is expected in the next 7-10 days. According to the Hydrometeorological Center, more than 70% of the areas planned to be sown with winter...