-
Purchase prices for grains in Ukraine on June 15, 2023
15.06.2023
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 CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 4450 4582 Mustard seeds 60000 Rye grade IV 4400 Sugar beet pulp gran 9500 Corn 5050 4539 168 ↓ 2 196 ↑...
-
Egypt's GASC bought soybean oil more expensive, despite record harvest and availability of sunflower oil
14.06.2023
Egypt's GASC bought sunflower oil in the tender at $24 per ton cheaper and soybean oil at $23 per ton more expensive than in the previous tender. In the global market of vegetable oils, there remains a surprising situation where, despite the record soybean harvest in the world, prices for soybean oil are higher than for the usual premium sunflower oil, even taking into account the fact that the sunflower harvest in Ukraine has decreased and will also be lower in the new season...
-
Deteriorating U.S. crop conditions and Argentina's soybean harvest results are adding pressure to soybean quotes
14.06.2023
Traders are increasingly paying attention to the weather in the US, which is not conducive to the development of corn crops and especially soybeans. The prospect of minimal precipitation over the next 7-10 days continues to increase speculative demand for futures. According to the report of the US Department of Agriculture, the condition of spring crops in the US for the week ended June 11 worsened due to higher than normal temperatures and lack of precipitation. Thus, 61% of corn...
-
American scientists from NOAA have confirmed the beginning of El Niño, which could lead to the fact that 2024 will be the hottest year on record
14.06.2023
American scientists from the National Oceanic and Atmospheric Administration (NOAA) have confirmed the beginning of the El Nino natural phenomenon, which experts talked about a few months ago. According to a report by the BBC, scientists believe that El Nino, which is accompanied by an increase in the temperature of the surface water in the seas, could lead to 2024 being the hottest year on record. Before that, the record belonged to 2016. One of the telltale signs of El Nino is...
-
Purchase prices for grains in Ukraine on June 14, 2023
14.06.2023
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 CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 4350 Mustard seeds 60000 Rye grade IV 4400 Sugar beet pulp gran 9500 Corn 5050 ↓ 10 4541 ↓ 20 170 194...
-
Coceral lowered its forecast for soft wheat production in the EU 27 to last year's level
13.06.2023
Coceral lowered the forecast for the production of soft wheat in the EU-27 to 127.3 million tons from 129.5 million tons in the March forecast, which is 0.3% more year-on-year. The forecast for barley has been adjusted to 49.47 million tons, which is 4.6% less than last season. The corn crop was revised up to 61.1 million tons compared to March forecasts of 62.1 million tons. Coceral noted that the reason for the decrease is dry weather in the northern part of the EU, especially in...
-
Soybean oil prices rose during the week despite a neutral USDA report
13.06.2023
The June USDA WASDE report on soybeans was quite bearish, while data from the Oilseeds: World Markets and Trade report was broadly neutral for the market. However, soybeans and soybean oil prices rose sharply at the end of the week, supported by both forecasts of hot weather in the US in the coming weeks and lower US soybean oil inventories. July soybean futures rose 1.7% to $509.1 a ton (-0.3% for the month) on Friday after the reports on the Chicago Stock Exchange, but were down...
-
The operation of the grain corridor after July 18 remains in question
13.06.2023
The Russian Federation continues to block Ukrainian grain exports, but the UN and Turkey are unable to convince the Russian Federation to stop delaying vessel inspections, leading to uncertainty over the further operation of the grain corridor after July 18. According to Deputy Minister of Infrastructure Yuriy Vaskov, the Zernova initiative is operating at less than 20% of its normal capacity due to the position of the Russian Federation in the Joint Coordination Center, and the...
