News

The presidents of Ukraine and Turkey discussed the necessity of extending the grain agreement over the weekend. News that Ukrainian wheat may continue to enter the world market pushed prices lower on Monday, although traders are now paying more attention to dry conditions in the US, Kazakhstan and the Russian Federation, which are reducing the potential for spring wheat harvests.   In the winter wheat growing regions of the United States, heavy rains are delaying the harvest and...

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 60000 Peas 6100 Corn 5550 4614 ↑ 93 172 153 ↓ 8 163 ↓ 6 Flax 20000 Sunflower...

Turkey is working to extend the grain agreement for another two years, the country's President R. Erdogan said at a press conference with the President of Ukraine V. Zelenskyi.   "We are trying to extend the operation of the grain corridor after July 17 for at least 3 months, but we will make efforts to extend the grain agreement for another 2 years," Erdogan said, adding that he had already discussed this issue with the Russian president.   The President of...

FAO experts raised their forecast for world wheat production in 2023 by 0.9% to 783.3 million tons, which will be 18.4 million tons less than the record figure of 2022.   At the same time, USDA analysts in the June report increased the forecast of world wheat production by 10.43 million tons to a record 800.19 million tons, while in 2022/23 MR it was 788.5 million tons, in 2021/22 MR - 781.3 million tons, in 2020/21 MR - 775.72 million tons.   For the EU, the production...

Strategie Grains experts believe that in 2023, EU countries can resume corn production after the previous dry season, if this is not hindered by a new wave of drought and the limited amount of grain sowing area in the EU.   Last year, due to dry weather, European farmers decided not to increase the area of corn sowing in 2023 and left it at the level of a 5-year minimum. Because of this, the forecast for corn production in the EU has been reduced by 900,000 tons to 61.2 million tons,...

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 4200 111 Mustard seeds 60000 Peas 6100 Corn 6750 5550 ↑ 33 4521 172 190 153 ↓ 17 163 ↓ 6 Flax ...

According to the press service of the Ministry of Agrarian Policy of Ukraine, as of July 6, from 308.2 thousand hectares or 3% of the planned area, domestic farmers harvested 1.024 million tons of grain and leguminous crops with an average yield of 33.2 tons/ha.   In terms of cultures, the dynamics of harvesting work is as follows: barley - from 235 thousand ha or 16% of the area, 805.8 thousand tons were threshed with a yield of 34.3 tons/ha, wheat - from 51.4 thousand ha or...

India, the world's largest importer of vegetable oils, continues to increase its imports, taking advantage of the drop in world prices to an annual low.   According to Reuters, in June, compared to May, the country increased palm oil imports by 49% to a three-month high of 655,000 tons, soy oil by 35% to 432,000 tons, and sunflower oil by 36% to 190,000 tons.   August palm oil futures on Bursa Malaysia yesterday rose 1.2% to 3,911 ringgit/t or $840/t (+9.8% for two...