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Purchase prices for grains in Ukraine on June 2, 2023
02.06.2023
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4200 135 200 Mustard seeds 60000 Peas 10000 229 Sugar beet pulp gran 9500 Corn 4900 4970 ↑ 2 171 ↓ 1 180 160 196 ↓ 1...
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Corn prices remain under pressure from the completion of planting and heat in the US and rain in Brazil
01.06.2023
Rainfall in central Brazil, improving prospects for a second corn crop, and high US planting rates add pressure on quotes, but they are supported by hot, rainless weather in the US corn belt. Safras&Mercado experts, against the background of favorable weather, increased the forecast of corn production in 2022/23 MR by 6.7 million tons to 137 million tons (120.2 million tons in 2021/22 MR), in particular, safrina corn - by 5, 6 million tons to 97.8 million tons (84.4 million...
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Soybean demand in China to decline in Q3 amid lower meal prices and processing margins
01.06.2023
Against the background of declining demand and prices for soybean meal, and as a result, processing margins, Chinese processors may reduce demand for soybeans in the 3rd quarter of 2023. According to S&P Global Platts, for the week of May 22-28, soybean processing margins fell by $10.67/t, or 64%, to minus $12.43/t due to lower sales of soybean meal and on forecasts of increased production in June. In April, China cut its soybean imports by 10% compared to April...
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Rabobank experts predict a 20-25% decline in wheat, barley and rapeseed harvests in Australia
01.06.2023
According to Rabobank's forecast, in FY2023/24, Australia will increase the area of winter crops by 0.3% to 23.48 million hectares compared to the previous year, which will exceed the 5-year average by 5%. However, the harvest will be lower than last year due to the drought caused by the El Niño phenomenon. After three years of good conditions with plenty of rainfall as the country reaped near-record crops of grains and oilseeds, this year's season began with drier...
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Purchase prices for grains in Ukraine on June 1, 2023
01.06.2023
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4200 135 200 Mustard seeds 60000 Peas 10000 Sugar beet pulp gran 9500 Corn 4900 ↓ 725 4958 172 180 196 ↓ 1 Soybeen...
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The European Commission raised forecasts for wheat and rapeseed production in 2023/24 MY, which increased the pressure on quotations
31.05.2023
Increased EU wheat and canola production forecasts in FY 2023/24 increase pressure on prices, but are supported by lower crop forecasts for North African countries. Compared to previous estimates, the European Commission has increased production forecasts for 2023/24 MR: soft wheat - by 1.7 to 132.5 million tons, which will exceed last year's 126 million tons by 5.2% and by 5.8% - the average 5-year indicator - 125.3 million tons, rapeseed - by 0.2 to 20.2 million tons,...
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The crisis in vegetable oil markets is intensifying, especially against the background of increased biodiesel supplies from China to the EU
31.05.2023
Global demand for vegetable oils continues to decline, leading to a further drop in prices. This is due to reduced demand for biodiesel, in particular due to the increase in the number of electric vehicles, especially in China, which supplies more and more biodiesel to the EU, which increases the pressure on quotations. According to Oil World, in Europe, against the background of the crisis in the biofuel industry, rapeseed oil prices fell to a 3-year low of $840/t, which is $180/t...
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Wheat prices fell by 2.5-4.7% against the background of the acceleration of sowing in the USA and an increase in crop forecasts in the EU and the Russian Federation
31.05.2023
After a long weekend in the USA and the EU, stock market quotations for wheat fell sharply on data about the acceleration of sowing in the USA and increased crop forecasts in the EU and the Russian Federation. Markets are under pressure from active exports and an increase in the wheat harvest forecast in the Russian Federation. According to Rusagrotrans estimates, the Russian Federation will export 4.3 million tons of wheat in May (including to EAEU countries), which will exceed...