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Lower temperatures and precipitation in the US Corn Belt weighed on grain markets this week
07.07.2023
The central Midwest, which has suffered the most from the drought, received rain this week and temperatures dropped to moderate to cool, which will help the soybean and corn crops. Rainfall of 30-50 mm replenished soil moisture reserves, but delayed the harvesting of winter wheat. Thunderstorms have been in the US Plains all week and will continue into next week, so winter wheat harvest will slow down in Kansas and Texas. Scattered precipitation has passed across the...
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Purchase prices for grains in Ukraine on July 7, 2023
07.07.2023
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 5263 4529 172 190 170 163 ↓ 8 Flax 20000 ...
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Ukraine lost its elevator capacity of 8 million tons of simultaneous storage
06.07.2023
As of July 1, 2023, the volume of elevator capacities in Ukraine decreased from the pre-war 57 million tons to 44 million tons of simultaneous storage. That is, as a result of the occupation, shelling and flooding, the capacity of 8 million tons of simultaneous grain storage was lost, Elevatorist.com reported after studying the site's Map of Elevators data and information on the destruction of granaries from open sources. The largest losses of elevator capacities were recorded...
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Prices for wheat in the USA rose by 5-6% against the background of the delay in harvesting, as well as the probable closure of the grain corridor in Ukraine
06.07.2023
Abundant precipitation in the regions of winter wheat cultivation in the USA, dry weather in Canada and the east of the Russian Federation, and the probable completion of the grain corridor led to a speculative increase in wheat quotations in the USA by 5-6%. After a long US Independence Day weekend, wheat markets turned higher amid heavy rains in winter wheat growing regions that will continue for another week and delay harvest. On July 2, winter wheat in the USA was harvested on...
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In Ukraine, the cost of rail transportation of grain has been significantly reduced
06.07.2023
Since July 1, the cost of transportation of grain cargoes by railway has significantly decreased in Ukraine, primarily due to the decrease in the cost of the wagon component. This was reported by the deputy director of the department of commercial work of Ukrzaliznytsia V. Tkachyv in the "Zhd Logistics" Telegram channel. According to his data, the cost of using grain wagons of the Ukrainian Railways since July 1 is UAH 300/day without VAT. And the transportation of 1 ton...
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Purchase prices for grains in Ukraine on July 6, 2023
06.07.2023
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 ↓ 1950 Corn 6750 5238 ↓ 4 4529 171 ↓ 1 190 170 169 ↓ 2 Flax ...
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The decline in barley production forecasts in the EU and Australia has not yet supported purchase prices in Ukraine
05.07.2023
The other day, the European Commission lowered the forecast for barley production in the EU in 2023 by 2.4 million tons to 49.7 million tons (52 million tons in 2022), while the harvest forecast for Australia was lowered the day before. At the same time, the European Commission reduced the estimate of domestic consumption of barley in the EU by 1 million tons to 41 million tons (42 million last year), and final stocks by 2 million tons to 6.1 million tons, which will correspond to...
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Brazil has harvested 20% of second-crop corn, and production forecasts have been raised again
05.07.2023
As of June 1, 20% of second-crop corn crops have been threshed in Brazil. Based on yield data, analysts again raised forecasts for the second-largest grain harvest. According to the IMEA agency, in the main producer state of Mato Grosso, 33% of the planned 7.4 million hectares of corn have been harvested, which is slightly lower than last year's pace, while this year's yield is very high. Against the background of favorable weather, the experts of the local...
