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The USDA representative in Argentina lowered the 2022/23 soybean production forecast to 23.9 million tonnes, which would be a 24-year low, as yields will be the lowest in 50 years. The import forecast was raised to 11 million tons, but the processing forecast was lowered to 29.5 million tons. We will remind that in the April USDA report, soybean production was estimated at 27 million tons, so the balance will worsen again in May.   According to the Grain Exchange of Buenos Aires, as...

The situation with the work of the grain corridor is becoming more and more difficult: the Russians periodically block the inspections of vessels without any reason. So, on April 11, inspections of ships were not carried out at all, and then the same situation was repeated on April 17.   According to the Ukrainian Club of Agrarian Business (UKAB), during April 10-16 (the 37th week of operation of the grain corridor), the number of ships loaded in the sea ports of Odesa decreased by 2...

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 3067 Mustard seeds 60000 850 Peas 9500 Corn 7525 5969 6000 5394 195 ↑ 1 188 ↓ 3 226 ↑ 4 rapeseed cake 240 ...

Wheat quotations on world exchanges started the week with a 2-2.5% increase on the news about the Russian blocking of the grain corridor and the ban by the third EU country on the export of agricultural products from Ukraine.   After protests by local farmers, Poland, Slovakia and Hungary have banned the export of grain from Ukraine until June 30, although the European Commission opposes steps that contradict EU decisions, so the issue will be discussed in Brussels in a few...

According to the Ministry of Development of Communities, Territories and Infrastructure of Ukraine, on April 17, the Russian delegation as part of the SCC again blocked the inspection of vessels in the territorial waters of Turkey.   "Since April 10, representatives of the Russian Federation unilaterally stopped the registration of vessels indicated by Ukrainian ports when forming the inspection plan, and began to independently select vessels in the queue, which contradicts the...

Cold and rainy weather delays the sowing of grain and leguminous crops, with which only 102,000 hectares were sown in Ukraine during the week, the largest being 19,000 hectares in Volyn, where the intensity of rains is lower.   According to the Ministry of Agriculture, as of April 15, 722.4 thousand hectares of grain and leguminous crops were sown in Ukraine (1.239 million hectares last year and 1.531 million hectares in 2021), in particular:   to grow barley - 436...

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 3067 Mustard seeds 60000 850 Peas 9500 100 Coriander 100 Corn 7500 5969 6000 5394 195 ↑ 1 188 ↓ 3 226 ↑ 4...

After the authorities of Poland and Hungary banned the import of agricultural products from Ukraine, the European Commission declared the inadmissibility of such unilateral actions by the EU countries.   Against the backdrop of the blockade of the Black Sea ports, a significant amount of Ukrainian grain, cheaper than European grain, ended up on European markets, which significantly lowered prices and caused losses to local farmers.   The European Commission reported that...