News

Experts from the International Grains Council (IGC) have again lowered the forecast for global grain production in the 2026/27 MY by 6 million tons to 2.415 billion tons, in particular the harvest of wheat and corn, due to the prolonged heat wave prevailing in Europe.   The estimate for global wheat production has been reduced by 4 million tons to 817 million tons, and corn production by 1 million tons to 1.305 billion tons. Despite this, the total grain harvest could be the second...

Oil prices have risen 13% in two weeks due to the lack of progress in US-Iran negotiations and the blockade of the Strait of Hormuz, but more news emerged over the weekend that could change the trend in oil prices.   October Brent crude futures rose another 6.7% to $94.5/barrel last week (+13.2% in two weeks, +3.3% in the month), but have fallen 1.5% to $93/barrel since the start of trading on Asian markets on Monday.   US Treasury Secretary Scott Bessant announced in a...

We sincerely congratulate you on the Independence Day of Ukraine!   This year, on August 24, we celebrate the 35th anniversary of Ukraine's Independence, but now Ukrainians continue the long-standing struggle for the Freedom and Independence of Ukraine, which has been going on for almost a millennium. 4,569 days have already passed since the beginning of the Russian aggression in Crimea and 1,644 days since the beginning of the full-scale war of the country of slaves and...

Grain procurement prices in Ukraine remain influenced by developments in global markets and challenges in export logistics. Global wheat prices are rising amid disruptions to supplies from the Black Sea region, while the sunflower oil market remains under pressure from expectations of a strong new harvest.   As of August 21, 2026, traders are purchasing Grade 2 wheat at an average price of UAH 8,700/t, corn at UAH 8,000/t, barley at UAH 7,600/t, sunflower seeds at UAH 19,300/t,...

The complete halt in exports from Ukraine's Black Sea ports has caused a collapse in prices for new crop sunflower and rapeseed, but has had little impact on soybean prices, which have been mostly exported to the EU in recent months. In addition, processors have established supplies of soybean meal to the EU and are no longer so dependent on the operation of deep-sea ports.   Prices for GMO soybeans fell by UAH 1,000/t to UAH 17,000-18,000/t delivered to the factory in a week,...

After the Ukrainian drone attack on Novorossiysk on August 12, 3 out of 4 major Russian grain terminals on the Black Sea are still not working, as they are damaged and are not yet ready to load new ships.   According to Bloomberg, during August 18–19, during attacks by sea and air drones on the approaches to Novorossiysk, 4 civilian cargo ships were hit, either on their way to be loaded or had already left the port: Victoria V (bulk carrier under the Russian flag) - hit...

According to Oil World, soybean oil exports from Argentina and Brazil rose to a record 0.95 million tonnes in July, mainly due to strong demand from India. Thus, compared to July 2025, Brazil increased exports from 138 to 318 thousand tonnes, while Argentina reduced them from 738 to 630 thousand tonnes.   India saw the largest increase in shipments, but exports to several African countries, Mexico, Peru and Colombia also grew moderately. India increased soybean oil imports by 31% in...

A Pro Farmer crop tour of US fields showed that in some states, soybean and corn yields are inferior to last year's and the 3-year average, as well as the USDA's August estimates, which significantly supported quotes this week.   In rain-depleted Illinois fields, head counts are very low, while in Western Iowa, crops are high in yield despite increases in SDS and brown stem rot in soybeans.   The tour showed that dry conditions in the West and excess moisture and...