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Sugar prices accelerated yesterday, with May futures in New York rising 4.2% to an 11-year high of $0.2591/lb or $570/t (+23% on the month) amid a contraction harvest in India, delays in harvesting in Brazil and technical procurement related to the closing of May contracts.   Due to the limited supply of sugar available in the physical market, traders are forced to raise prices to cover short positions in the contracts.   The reduction in global sugar stocks has recently...

This year, April in Ukraine was marked not only by a significant amount of precipitation, but also by the almost absence of sunny days without rain, which would allow the soil to dry out at least a little. This creates a significant problem, given the large amount of unfinished spring field work, - reports NAAS of Ukraine.   "All over the country there were prolonged precipitations, which amounted to 27.8 mm (146.3% of the average long-term norm) in Kyiv region, 22.3 mm (124%)...

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 ↑ 42 Mustard seeds 60000 850 Peas 9750 Rye grade IV 5000 Corn 7750 5717 5345 196 ↑ 2 180 228 ↑ 3...

After May 18, Russia may block the operation of the grain corridor, so Ukraine needs to develop alternative grain export routes now, - said Ukrainian Ambassador to Turkey V. Bodnar at a briefing in Ukrinform.   "We have to develop alternative export options in case the Russians block the grain agreement again on May 18. Intermediaries do not support Russia's actions, but it is not known whether they will be able to influence the situation, especially given the political...

Wheat quotes on world exchanges last week fell by 2.6-4.5% on forecasts of improved weather in the US and the EU, as well as new estimates of world wheat production from the IGC for 2023/24 MR.   IGC experts left the forecast for the world wheat harvest in FY 2023/24 at the level of 787 million tons (803 million tons in FY 2022/23), as the decrease in the production forecast for the US from 51.4 to 49.4 million tons will be offset by an increase in estimates for the EU from 136.6 to...

Last week, oil prices fell to almost the level of early April, from which a sharp rise began after OPEC's decision to cut production. The reason for the fall was the strengthening of the dollar and good macroeconomic news from the USA. Traders expect a recession in the global economy and do not expect an increase in oil consumption in the near future, putting pressure on the prices of vegetable oils and corn.   During the week, June futures for Brent oil on the London ICE...

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 2833 Mustard seeds 60000 850 Peas 9750 Rye grade IV 5000 ↓ 600 Corn 7750 ↑ 250 5717 5350 196 ↑ 2 180 228...

Slow snowmelt in the Northern Plains, cold temperatures in the US Corn Belt, and possible drought in central Brazil have been the main factors influencing agricultural markets this week.   The front will bring heavy snowfall and frost to the US Midwest, which could negatively affect winter wheat, soybean and corn crops. Cold and rainy weather will last until the end of April.   In the Central and Southern Plains, there will be showers for a few days, sometimes with snow,...