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Forward prices for corn in Ukraine continue to grow
11.08.2021
Speculative growth of wheat prices in Ukrainian ports to the level of 2 250/ton and above continues to support forward corn prices, even despite favorable weather conditions for wheat harvesting and the development of corn crops. Forecasts for record wheat and corn harvests in Ukraine this year are more realistic than in the previous season, but traders are actively buying wheat and corn at rising prices amid lower forecasts for the wheat harvest in Canada and the United States and...
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India increases production of oilseeds to reduce imports of vegetable oils
11.08.2021
Indian Prime Minister Narenda Modi announced that the country is launching a program to develop its own production of oilseeds, which will meet the needs for food oils and lead to a reduction in their imports, for which 110 billion rupees or.1.48 billion have been allocated. India is the world's largest importer of vegetable oils, spending an average of 8 8.5-10 billion annually, so any reduction in imports will significantly affect world oil prices. The country...
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Forecasts of a decline in global wheat production and stocks are pushing prices up
11.08.2021
On the eve of the release of the updated USDA balance sheet, analysts publish their own estimates, which predict a decrease in global wheat production and reserves. This increases speculative price growth on stock exchanges and physical markets, and also supports prices for Black Sea wheat. According to the average estimate of analysts, in the August USDA report, the forecast for global wheat production will be reduced by 4.6 million tons, and final reserves – by 9.7 million...
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Purchase prices for grains in Ukraine on August 11, 2021
11.08.2021
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 5100 3900 Mustard seeds 9033 Peas 7550 7408 230 Buckwheat 18250 ↓ 1250 Rye grade II 150 ...
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Uncertainty over canola harvest in Canada holds back seasonal drop in rapeseed prices
10.08.2021
The market expected a gradual decline in rapeseed prices as its harvesting increased in Europe and Ukraine, but uncertainty with the canola harvest in Canada keeps quotes from falling. Following the collapse of oil prices yesterday, November rapeseed futures on the Euronext exchange fell by 6 €/ton, but at the end of the day they fell only by 2.25 €/ton to 540.25 €/ton or 633.88 €/ton. Europe is accelerating rapeseed harvesting, and harvest...
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The rise in the incidence of Covid - 19 has brought down oil prices and increased pressure on vegetable oils
10.08.2021
Thailand, Malaysia, Japan, Vietnam, Turkey and Iran are experiencing a rapid increase in new cases of Covid-19, and in some countries it was a record since the beginning of the pandemic. In the United States, where half of the population is vaccinated, the number of new diseases exceeded 100 thousand cases per day. Most of them are in the southern states, where the vaccination rate is lower. The Delta strain has already reached Florida, where the peak incidence of the winter wave...
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Increased demand supports prices for Black Sea wheat
10.08.2021
A sharp rise in the price of wheat on the US and European stock exchanges has increased demand for Black Sea wheat, which remains the cheapest on the world market. Wheat exports from Russia for the week increased by 57% to 1.1 million tons, and in general in the season reached 2.8 million tons, which is still 25% lower than last year's pace. According to SovEcon and Icarus agencies, the supply prices of Russian wheat for the week increased by 1 10-12/ton to F...
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Purchase prices for grains in Ukraine on August 10, 2021
10.08.2021
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 5100 3900 Mustard seeds 9033 Peas 7550 ↓ 117 7408 ↑ 16 230 Buckwheat 19500 Rye grade II ...