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Quotations for rape fell by 5.9% on the background of acceleration of harvesting and increase in offers
24.07.2023
Rape quotes rose 7.5% in Paris last week, but fell 5.9% on Friday, nearly giving up the week's gains amid weak demand in the physical market and increased canola supplies as harvesting ramps up in the EU and Ukraine. In Ukraine, as of July 20, 1.39 million tons of winter rape were harvested from 563.52 thousand hectares or 41% of the area with an average yield of 2.47 tons/ha (1.94 tons/ha last year). Given the increase in the area of sowing and the high yield of rapeseed in...
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Wheat prices ended the week lower as traders started to lock in profits
24.07.2023
Despite continued shelling of Odesa's port infrastructure and uncertainty over exports in the Black Sea region, wheat prices fell on Friday as traders started to lock in profits. Yes, September futures became cheaper: by 4.4% to $256.3/t - for soft winter SRW wheat in Chicago (+5.6% for the week, -5.8% for the month), by 1.7% to $316.1/t - for hard winter HRW wheat in Kansas City (+3.9% and 0%), by 1.7% to $325.9/t - for hard spring HRS-wheat in Minneapolis (+0.3% and...
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The yield of winter crops in Ukraine is better than last year
24.07.2023
The improvement of weather conditions in Ukraine accelerates the harvesting of winter crops and promotes the development of spring crops. According to the Ministry of Agriculture, as of July 20, 5.888 million tons of grain and leguminous crops were threshed from 1.49 million hectares or 14% of the area in Ukraine with a yield of 3.94 tons/ha, in particular: wheat - 3.42 million tons from 830.96 thousand hectares or 18% of the area with a yield of 4.12 tons/ha (2.88 tons/ha in...
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As a result of the attack of the Russian Federation on the Danube ports, the victims are the destruction and victims
24.07.2023
On the night of July 24, the Russian Federation attacked the Danube ports of Ukraine with "Shahed" drones, as a result of which there was damage to the infrastructure and victims, - said the spokeswoman of the Southern Secondary School N. Humenyuk. Three enemy drones were shot down by air defense systems of the Armed Forces of Ukraine, but others hit the port, destroyed a grain hangar, tanks for storing other cargo, and some other port facilities. Currently, four port...
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Purchase prices for grains in Ukraine on July 24, 2023
24.07.2023
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 CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 3850 111 Mustard seeds 15000 76000 Peas 7100 145 Buckwheat 1111 Corn 5450 4822 173 ↓ 2 165 175 ↓ 4 Flax ...
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An increase in corn harvest forecasts in the world and in Brazil increases the pressure on quotations
21.07.2023
Corn prices, after a sharp rise caused by the shelling of Ukraine's Black Sea ports, fell yesterday under the pressure of higher crop forecasts in Brazil and in general in the world. IGC experts increased the forecast of world corn production in 2023/24 MR by 9 million tons to 1.22 billion tons, in particular for the USA - from 373.4 to 383.7 million tons, while the USDA estimates them at 1.224 billion tons and 389.1 million tons, respectively. Agroconsult expects...
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Heat in the US Corn Belt and rain in Canada will have the biggest impact on grain markets next week
21.07.2023
The U.S. Midwest has had and will continue to see thunderstorms with below-normal temperatures, which is improving conditions for soybean and corn crops. Heat of 32-34 o C is expected next week, which will reduce soil moisture reserves. A rain front may bring precipitation from Canada to the northwestern regions of the US, but the amount will be small. The Central, Northern, and Southern Plains of the United States received moderate to heavy rain that will continue...
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Wheat prices have not yet reacted to the statement of the Ministry of Defense of Ukraine about the danger of shipping in the Black Sea
21.07.2023
After the statement of the Ministry of Defense of the Russian Federation that all ships heading to the ports of Ukraine will be considered military targets, the Ministry of Defense of Ukraine announced a symmetrical position regarding the ships that will enter the Russian ports in the Black Sea. In yesterday's statement, the Ministry of Defense announced that from 00:00 on July 21, all ships in the Black Sea bound for the Russian Federation or Ukrainian ports occupied by it...
