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In a September report, USDA experts lowered the forecast for global production of oilseeds, including soybeans in the US and canola in Canada, partially offset by an increase in sunflower and canola crops in Ukraine and canola in Australia.   Compared to the August estimates, the new oil balance for the 2023/24 MR underwent the following changes:   The forecast of world production was reduced by 2.81 to 660.89 (629.66 million tons in 2022/23 MR), in particular, rape...

USDA's September corn balance sheet, which raised beginning and ending stocks and the US crop estimate, surprised traders and sent corn prices lower. Analysts had predicted a decline in corn yields in the US, which happened in the USDA report, but due to the increase in planted areas, the harvest estimate was raised, contrary to market expectations.   Compared to the August estimates, the new corn balance for the 2023/24 FY has undergone the following changes:   The...

In the September balance sheet, as in the previous two reports, USDA experts lowered their forecasts for wheat production, consumption and stocks to levels below last year, but wheat prices remain lower than the previous season.   Compared to the August estimates, the new wheat balance for the 2023/24 MR has undergone the following changes:   The estimate of initial reserves was reduced by 1.18 to 267.13 mln t (272.6 mln t in FY 2022/23) due to data adjustments for...

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 2433 ↑ 433 Mustard seeds 600 Peas 8500 7000 195 Buckwheat 10500 Rye grade III 4500 Corn 5000 ...

Purchase prices for oil crops in Ukraine continue to fall against the background of harvesting and blockade of Black Sea ports, as well as ban on sunflower and rapeseed imports to 5 neighboring EU countries.   Poland insists on extending the ban on grain imports from Ukraine after September 15 and says it will extend it unilaterally, even if the European Commission cancels the current restrictions.   Dry weather in the next 2-3 weeks will accelerate the harvesting of...

World wheat prices are falling amid active Russian wheat exports and low demand from importers. On the exchanges in Chicago and Paris, wheat is already trading at pre-war levels, and in anticipation of the new USDA report, quotations continue to fall.   According to the USDA weekly report, as of September 10, 87% of spring wheat was harvested in the US, and 7% of winter wheat was sown, which corresponds to the annual average.   For September 1-7, the export of wheat from...

Corn quotes in Chicago remain at their lowest level since late 2021 pending a new WASDE report, which is likely to downgrade the US crop but raise Ukraine.   Analysts expect the USDA's September report to lower its estimate of the US corn yield and, as a result, the gross side of corn from 383 million tonnes to 381 million tonnes, well above last year's level.   According to NASS USDA, the number of corn crops in good or excellent condition in the U.S. fell 1% for...

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 2000 Mustard seeds 600 Peas 8500 7000 195 Buckwheat 10500 Rye grade III 4500 Corn 5000 ↑ 250 ...