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According to the USDA's May forecast, in 2023/24 the global production of oilseeds will grow by 7% compared to the current season due to an increase in the production of soybeans in South America and sunflowers in the EU, Ukraine and the Russian Federation. At the same time, world oil consumption will increase by only 4%, which will lead to an increase in final stocks.   USDA experts increased the forecast of world sunflower production in 2022/23 MR by 1.2 million tons to 51.64...

Russia is blackmailing the world by disrupting the "grain agreement" and claims that it is unprofitable for itself, although in fact it has doubled its grain exports, said Serhiy Kyslytsia, the permanent representative of Ukraine at the UN.   He said that "grain exports from the Russian Federation doubled compared to January-February 2022, but the Russian Federation still pretends that it is losing from the grain agreement, although in fact Russia was and remains the...

Despite the bearish USDA report, wheat prices on world exchanges started the week with an increase of 2-4%. The reason was the delay in planting and the poor condition of crops in the main agricultural regions of the United States, which may lead to a reduction in the harvest compared to last year.   According to NASS USDA data, as of May 14, only 40% of spring wheat acreage in the US was planted and 13% of seedlings were obtained, while the 5-year averages are 57% and 23%,...

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 3367 ↑ 42 200 Mustard seeds 60000 Rye grade IV 5000 Sugar beet pulp gran 9500 Corn 7000 5550 ...

In the May report, USDA experts slightly raised their FY 2022/23 soybean production and ending stocks forecasts and significantly increased their estimates for FY 2023/24 soybean production, consumption and ending stocks, which will add further pressure on quotes in the new season.   Compared to the April estimates, the new balance for soybeans for 2022/23 MR underwent the following changes:   The forecast of initial reserves was reduced by 1.06 million tons to 98.67...

In the FY 2022/23 and FY 2023/24 corn balance sheets released in the May report, USDA experts raised production estimates and increased the FY 2023/24 ending stocks forecast to a 3-year high.   In comparison with the April estimates, the new corn balance for 2022/23 MR underwent the following changes:   The forecast of initial reserves has been increased by 1.25 to 308.15 million tons (292.54 million tons in FY 2021/22 and 306.37 million tons in FY 2020/21) as a result...

In the May report, USDA experts released the first wheat balance for 2023/24 MY, which led to an increase in stock prices.   In 2023/24, global wheat production is expected to increase compared to the previous season by 1.5 million tons to a record 789.8 million tons, in particular in Argentina (which will recover from the drought) by 6.9 to 19.5 million t, in Canada due to the expansion of sowing areas - by 3.2 to an almost record 37 million tons, in the EU - by 4.7 to 139...

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, $ CIF, $ Wheat mill offals 3325 ↑ 50 200 Mustard seeds 60000 Sugar beet pulp gran 9500 Corn 7000 5550 5027 ↓ 144 182 ↓ 1 227 ↑ 4 Soybeen cake...