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In the May report, USDA experts released the balance sheet for vegetable oils for 2023/24 MY. Oil production and stocks are expected to continue to grow in the new season due to an increase in global production of soybeans, palm oil and improved conditions for olive oil production, while the increase in soybean oil stocks is partially offset by a decrease in palm oil stocks in Indonesia and sunflower oil stocks in Turkey and the Russian Federation.   According to the USDA forecast,...

The Government of Ukraine canceled the export licensing of rye, millet and oats by Resolution No. 472 "On Amendments to Annex 5 to Resolution No. 1466 of the Cabinet of Ministers dated 27.12.2022" at the regular meeting of the Cabinet of Ministers, the press service of the Ministry of Agrarian Policy of Ukraine reported yesterday.   This resolution also cancels export licensing of certain types of livestock products - live cattle, frozen cattle meat, domestic chicken meat,...

Soybean prices continued to fall yesterday under pressure from a difficult global balance sheet in the new season and pessimistic traders' sentiments about the US economic outlook due to the government's borrowing limit until June 1 and a possible US default if Congress refuses to raise the national debt ceiling.   Yesterday on the exchange in Chicago, July soybean futures fell by another 2.7% to $501.2/t (-8.9% for the month), November futures fell by 2% to $443.5/t (-8 .5%...

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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3338 ↓ 29 200 Mustard seeds 60000 Rye grade IV 5000 Sugar beet pulp gran 9500 Corn 7000 5550 ...

According to the USDA's May forecast, in 2023/24 the global production of oilseeds will grow by 7% compared to the current season due to an increase in the production of soybeans in South America and sunflowers in the EU, Ukraine and the Russian Federation. At the same time, world oil consumption will increase by only 4%, which will lead to an increase in final stocks.   USDA experts increased the forecast of world sunflower production in 2022/23 MR by 1.2 million tons to 51.64...

Russia is blackmailing the world by disrupting the "grain agreement" and claims that it is unprofitable for itself, although in fact it has doubled its grain exports, said Serhiy Kyslytsia, the permanent representative of Ukraine at the UN.   He said that "grain exports from the Russian Federation doubled compared to January-February 2022, but the Russian Federation still pretends that it is losing from the grain agreement, although in fact Russia was and remains the...

Despite the bearish USDA report, wheat prices on world exchanges started the week with an increase of 2-4%. The reason was the delay in planting and the poor condition of crops in the main agricultural regions of the United States, which may lead to a reduction in the harvest compared to last year.   According to NASS USDA data, as of May 14, only 40% of spring wheat acreage in the US was planted and 13% of seedlings were obtained, while the 5-year averages are 57% and 23%,...

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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3367 ↑ 42 200 Mustard seeds 60000 Rye grade IV 5000 Sugar beet pulp gran 9500 Corn 7000 5550 ...