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Analysts of Refinitiv Commodities Research, taking into account the long drought and low level of soil moisture in the south-west of the EU, have reduced the forecast for the production of soft wheat in the EU in 2023/24 MR by 1 million tons to 131.2 million tons, which will still exceed 126 million tons for the 2022/23 season.   Central Europe has experienced cool and wet weather in recent weeks, while north-western regions and the Iberian Peninsula have experienced above-average...

The US market is expecting a recession this year, and the consumer confidence index fell to a 9-month low in April, leading to lower prices for stocks, oil and other commodities.   Investors believe that in order to curb inflation, central banks will once again raise interest rates in May, which will slow economic growth and reduce demand for energy carriers in the US, EU and Great Britain.   Yesterday, June futures for Brent oil on the London ICE exchange fell by 4.2% to...

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 2750 ↓ 125 230 Mustard seeds 60000 850 Peas 9500 ↓ 250 Rye grade IV 5000 Corn 7750 5631 ↓ 86 5378 ↑ 25 195...

On the Chicago Stock Exchange, May corn futures are trading at a low level, while December futures fell to the lowest since 02/22/23 at $215.2/t against the backdrop of high US planting rates. This increases the pressure on quotations on the stock exchange in Paris, which are at the levels that preceded the start of the war in Ukraine.   It is worth noting that May futures are trading at $255/t, and July futures at $239.4/t, as exports of second-crop corn from Brazil are expected to...

The Turkish authorities have decided to increase the import duty on wheat, barley, corn, oats, rye and sorghum from 0% to 130% from May 1 in order to protect local agricultural producers from imported grain ahead of the new season.   Against the backdrop of blocking the operation of the grain corridor, this will be a new blow for Ukrainian farmers after the ban on the import of grain from Ukraine by neighboring EU countries. In the 1st quarter of 2023, Turkey purchased 18% of wheat...

In 2022/23 MR, as of April 27, Ukraine exported 2.428 million tons of barley, which is 60% less than the previous season's figure of 5.688 million tons. Almost 43% of this volume, or 989 thousand tons, was shipped through the grain corridor. In April, 152,000 tons of barley were exported (25,000 tons in April 2022), but export rates remain low amid weak demand.   The main buyers of Ukrainian barley in the current season were Turkey (535.8 thousand tons), Romania (530.9 thousand...

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 2875 230 Mustard seeds 60000 850 Peas 9750 Rye grade IV 5000 Corn 7750 5717 5353 ↓ 63 195 ↑ 1 180 229 ↑...

Some European analysts believe that EU farmers started planting corn too late in 2023, so the area planted will decrease. The European Commission predicts that 8.52 million hectares will be sown with corn, which will be 330,000 hectares less than the 2022 figure and 725,000 hectares less than the 2021 level. Germany, France, Italy, Bulgaria, Poland and Romania will reduce the area under corn the most.   However, in case of favorable weather, the corn harvest may be larger than in the...