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In the USDA's July balance sheet for soybeans for 2023/24 MY, the main changes affected the USA, to which traders reacted the most, almost not paying attention to the decrease in forecasts of world production and stocks.   August soybean futures fell 1.9% to $530.7/t (+4.2% for the month), and November futures fell 2.5% to $487.9, according to a report yesterday on the Chicago Stock Exchange /t (+10.3%).   In the balance sheet for 2022/23 MR , USDA experts increased...

Quotations reacted to another increase by USDA experts in the estimates of world production, consumption and reserves of corn in the 2023/24 MR by falling by 3.8%. Improving weather in the US Midwest is also adding to price pressure.   On the Chicago Mercantile Exchange, December corn futures fell 3.8% yesterday to the lowest level since October 2021 at $190.45/t, losing 13.7% for the month.   On the Paris exchange, November corn futures fell just 0.4% to €223/t or...

Increased acreage and improved U.S. corn conditions have dampened speculative corn demand in recent weeks, and traders are now awaiting an updated balance sheet from the USDA.   Against the backdrop of two weeks of rain, the number of U.S. corn in good or excellent condition rose 4% for the week from 51% to 55% (64% last year), the 7th worst on record for this time period.   Thunderstorms are expected in the central Midwest this week, but Iowa, Minnesota, Wisconsin, and...

In the current season, sunflower prices in Ukraine were very unstable and depended on a number of factors, primarily on the volume of meal and oil exports through the Black Sea ports. At the end of the 2022/23 season, processing volumes and demand for sunflower were expected to decrease, especially with the new crop of canola coming into the market soon. However, processing rates remain high and demand for sunflower is increasing, leading to higher purchase prices.   According to...

Against the backdrop of the strengthening of El Nino, rice prices in Asia have reached a two-year high, Bloomberg reports.   According to the Rice Exporters Association of Thailand, the most common rice variety in the region - Thai white rice with 5% additive - has risen in price by 15% over the past 4 months to the highest level since March 2021 - $535/t.   The dry weather that El Niño may bring to Southeast Asia will negatively affect the outlook for the harvest...

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 4200 111 Mustard seeds 76000 Peas 6100 Corn 5550 4658 ↑ 63 170 153 ↓ 8 169 Flax 20000 Sunflower oil...

Yesterday's speculative 4.5% rise in soybean oil prices on the Chicago Stock Exchange supported soybeans and canola.   August soybean futures rose 1.9% to $534.8/t (-1% for the week), and November futures rose 2.1% to $494.4/t (-0.6%) after according to the growth of August soybean oil futures by 4.5% to $1,438/t (+2.5%) and December - by 4.3% to $1,340/t (+1.1%) against the background of rising palm oil prices oil   But a deteriorating U.S. soybean crop, sluggish...

Vegetable oil markets opened the week with a sharp speculative rally in Chicago soybean oil prices, driven by declining US soybean inventories and increased demand from the biodiesel industry. Prices were also supported by the increase in the price of Malaysian palm oil based on the data on the slowdown in the growth of stocks in June and the activation of exports in July.   September palm oil futures on Bursa Malaysia yesterday rose 2.3% to 3,923 ringgit/t or $840/t (-1.6% for the...