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USDA Raises Wheat and Corn Acreage Forecast, But Cuts U.S. Soybeans, Surprising Market
03.04.2023
In a new quarterly USDA report dated March 31, forecasts for 2023 U.S. wheat and corn acreage were higher than analysts expected, while soybean acreage was lower than expected, leading quotes to rise. And data from the USDA's quarterly inventory report showed a decline from a year ago, which also supported prices. According to the USDA forecast, 91.996 million acres will be sown with corn in the United States in 2023 (last year the forecast was 89.49 million acres, and 88.48...
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Purchase prices for grains in Ukraine on April 3, 2023
03.04.2023
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 2967 Mustard seeds 60000 44000 Peas 7380 10000 Buckwheat 111 Corn 7750 5857 7300 5177 199 ↑ 4 197 ↓ 4 224...
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Poland introduces restrictions on the import of grain from Ukraine
31.03.2023
Polish Prime Minister Mateusz Morawiecki announced the introduction of rules that will limit the import of Ukrainian grain into the country, RBC-Ukraine reported with reference to Wprost publication. The Polish authorities are ready to help Ukraine with the export of grain to other countries, for example, Africa, but do not want it to enter the country's domestic market and destabilize it. Therefore, the government is introducing rules that will limit the influence of Ukrainian...
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Favorable rainfall will occur in grain growing regions, which will reduce the impact of weather factors on prices
31.03.2023
In the coming days, heavy rains will pass in the main grain exporting countries, which will reduce the impact of weather factors on prices. In the US Midwest, a cold front will bring heavy rainfall that will slow planting. However, temperatures will rise at the end of next week and planting conditions will improve. A front of rain and snow is also approaching the Central and Southern Plains of the United States, but precipitation will be minimal in the Southwest region...
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The cost of railway transportation of grain in April will continue to decrease
31.03.2023
The decrease in the volume of grain transportation is forcing rail carriers to lower their transportation rates in order to compete with truck carriers for cargo. At the same time, agricultural producers and traders continue to increase their own fleets of trucks and grain wagons, which reduces the demand for Ukrzaliznytsia wagons. Since April 1, Ukrzaliznytsia has reduced the rental rate for its own grain wagons and conventional type 972 flour wagons to UAH 4,050/day (without VAT)...
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Purchase prices for grains in Ukraine on March 31, 2023
31.03.2023
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 2967 Mustard seeds 60000 44000 Peas 7380 10000 Buckwheat 111 Corn 7650 ↑ 100 5665 ↑ 237 7300 5312 200 ↑ 1...
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Wheat futures rose in price on the news of the withdrawal of international traders Cargill and Viterra from the Russian Federation
30.03.2023
Yesterday, wheat futures continued to increase in price against the background of news that the international grain traders Cargill and Viterra have stopped working in the Russian Federation from the new season due to pressure from the Russian authorities, who are tightening control over their own market. At the same time, the large Russian supplier of fertilizers "UralChem" announced its readiness to purchase the Russian assets of traders Cargill and Viterra. We will...
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Sunflower prices in Ukraine are recovering after falling to the lowest level of the season
30.03.2023
In March, demand prices for sunflowers fell sharply in Ukraine on the part of processors, who faced problems with the sale and shipment of products through the Black Sea ports. Last week, export demand prices fell by $70-100/t from $510-530/t to $420-435/t with delivery to Romania and Bulgaria, after which domestic purchase prices decreased by 10-15% or UAH 2,000-2,500 /t to the lowest in season level of 12,500-15,500 UAH/t or $340-425/t with delivery to the factory. The reason for...