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Purchase prices for grains in Ukraine on June 23, 2023
23.06.2023
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 EXW elevators, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 4450 111 Mustard seeds 60000 Peas 10000 Corn 5017 4496 174 ↓ 1 159 ↓ 7 Soybeen cake 16000 Sunflower oil cake 6800 300 Sunflower- oil 25750 ↑ 250 ...
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Soybean quotes for the week rose by 11% due to heat-induced crop deterioration
22.06.2023
In certain soybean growing regions of the United States, crop stress is increasing due to lack of precipitation. The central areas of the Midwest are suffering the most, while the Plains are receiving fairly intense rains, so corn has been hit the hardest and prices have risen more. Rains are expected in the next 5-7 days, which will lower temperatures and improve conditions for plant development, which will reduce speculative pressure on prices. According to NASS USDA data, as of...
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Wheat rose 3.5-5.6% based on USDA's crop status report
22.06.2023
According to the NASS USDA report, as of June 18 in the United States due to a lack of moisture, the number of spring wheat crops in good or excellent condition for the week decreased by 7% to 51% (59% last year). Winter wheat is threshed on 15% of the area (23% last year, 20% on average for 5 years on this date). Due to the prolonged drought, the wheat harvest will be one of the worst in the last 50 years. In a June report, the USDA estimated it at 45.3 million tons, which would...
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Corn prices hit annual high amid worst crop conditions since 1992
22.06.2023
In the US corn belt, dry and hot weather persists, which worsens the condition of crops and becomes the main speculative factor in the growth of quotations to an almost annual maximum. Such conditions in the central regions of the Midwest will last for several more days, and rain and lower temperatures are expected already at the weekend. According to NASS USDA data, as of June 18, the number of corn crops in poor or very poor condition rose to 12% (8% a week ago and 6% last year),...
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Purchase prices for grains in Ukraine on June 22, 2023
22.06.2023
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 FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 4450 ↓ 250 111 Mustard seeds 60000 Peas 10000 Corn 4961 4496 171 ↓ 1 159 ↓ 7 Soybeen cake 16000 Sunflower oil cake 6800 ...
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China is stepping up imports of grain and oilseed crops against the background of falling global prices
21.06.2023
In May 2023, China sharply increased its grain imports amid a significant decline in Brazilian soybean prices and a reduction in its own wheat harvest due to flooding. According to the State Customs of the People's Republic of China, in May soybean imports from Brazil increased by 40% compared to the same period last year, from 7.79 to 10.94 million tons. The total soybean import for 5 months of 2023 amounted to 20.15 million tons, which is almost corresponding to last...
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The MARS agency lowered its yield estimates in the EU due to dry weather
21.06.2023
In the June report, MARS experts reported that dry weather in the EU between May 1 and June 12 worsened the productivity of some agricultural crops. Thus, dry conditions in the north, north-west and north-central Europe increased the soil moisture deficit and reduced the potential yield of winter and spring crops. At the same time, in some regions of Italy, Hungary, Croatia, and Slovenia, excess rainfall led to waterlogging of fields and increased risk of pest infestation. Low...
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The work of the grain corridor is again blocked by the Russians
21.06.2023
The attention of grain market participants is focused on the statements of the Russian authorities about the completion of the grain corridor on July 18. It is already clear that the Russian Federation will block Ukrainian exports in order to increase sales of its own grain and to increase economic pressure on Ukraine. According to the Ukrainian Agricultural Business Club (UKAB), during June 12-18, the export of agricultural products through the grain corridor from the ports of...
