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Weather conditions in major rapeseed producing countries have become the main factor determining the dynamics of the global market. After a sharp drop in oil prices to levels that preceded the escalation of the conflict between the US and Iran, it is weather risks that are now forming a speculative premium in rapeseed prices.   Western Europe has been hit by a second wave of abnormal heat this week, with temperatures of 35-42°C, which could reduce yield potential and oil content...

Western Europe has been hit by a second wave of abnormal heat this week, following a period of high temperatures in May. France and western Germany, the EU's key wheat producers, are the worst hit. High temperatures continue to reduce the potential yield of wheat and maize, with temperature records already being set in France, Switzerland and the UK.   According to weather forecasters, the peak of the heat will fall on Friday and the weekend, after which atmospheric fronts will...

In May 2026, China imported 500,000 tons of vegetable oils, an 8.2% increase over the same period last year. In January-May, total imports reached 2.93 million tons, an increase of 17.5% over the same period in 2025, according to data from the customs statistics of the PRC.   The main driver of import growth was palm oil. In May, its supplies increased to 220 thousand tons, which is 25.2% more year-on-year, and in the first five months of the year, imports reached 1.11 million tons,...

Grain procurement prices in Ukraine continue to be influenced by active exports, weather conditions, and the progress of the harvest campaign. As of June 25, 2026, traders are purchasing Grade 2 wheat at an average price of UAH 11,003/t, corn at UAH 10,950/t, barley at UAH 10,000/t, sunflower seeds at UAH 31,800/t, soybeans at UAH 20,800/t, and rapeseed at UAH 24,000/t. Current procurement prices for grain and oilseed crops by region and delivery basis are provided in the table...

In the first 50 weeks of the 2025/26 season, European Union countries significantly increased their oilseed exports.   The total volume of deliveries reached 1.833 million tonnes, which is 41% higher than the same period last marketing year, according to data from the European Commission.   The highest export growth rates were recorded for rapeseed and sunflower, while most processed products — meals and vegetable oils — show a decrease in...

Export demand for Ukrainian corn remains weak, although market participants expected it to pick up during the duty-free quota for supplies to Turkey, which is valid until July 31. The main reason for the low activity of importers was a good harvest of barley and wheat in Turkey, which is already being harvested. This reduced the country's need for imported corn, so Ukrainian exporters did not receive the traditional end-of-season premium, as was the case last year.   According to...

The global soybean market continues to be under pressure from increased supply from South America and expectations of a record harvest in the 2026/27 season. An additional negative factor was the sharp drop in oil prices, which caused a collapse in soybean oil quotes in Chicago, which were near multi-year highs just a few weeks ago.   Over the past week, July soybean futures on the Chicago Board of Trade fell 1.9% to $406.8/t, down 6.9% from a month ago. Meanwhile, July soybean oil...

The resumption of shipping through the Strait of Hormuz after the signing of a ceasefire memorandum by the US and Iran, as well as the initial results of negotiations between the parties, continue to exert strong pressure on the global oil market.   According to MarineTraffic, shipping through the Strait of Hormuz has increased dramatically. While only 32 ships crossed the strait between June 12 and 14, this figure almost tripled to 93 ships between June 19 and 21.   An...