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Wheat prices started the week with a decline due to high sowing rates in the US and forecasts of precipitation in Ukraine and the Russian Federation, where drought has been prevailing for a long time.   According to the Crop Progress report, as of May 4, 44% of the area in the US was sown with spring wheat (34% on average over 5 years), seedlings were obtained on 13% of the area (4% on average), and the number of winter wheat crops in good or excellent condition increased by another...

A drop in oil prices of more than 7% in a week has led to a drop in near-term corn quotes, while good weather conditions in the US, EU and Ukraine are promoting crop development and increasing pressure on new crop prices.   OPEC+ countries decided in June to increase oil production by 411,000 barrels per day to more quickly offset a two-year production cut of 2.2 million barrels per day. Saudi Arabia has threatened to increase production even further to lower oil prices and punish...

According to Oil World (Germany), in the 1st quarter of 2025, Turkey increased its sunflower imports by 4.3 times compared to the same period last year, from 92 thousand tons to a record 396 thousand tons due to a shortage of its own stocks. In particular, sunflower supplies from Romania increased from 21 to 201 thousand tons, from Moldova - from 28 to 168 thousand tons.   Sunflower oil imports to Turkey in the first quarter amounted to 308 thousand tons, of which 211 thousand tons...

According to dealers' estimates, in April, India reduced imports of edible oils by 11% compared to March to 865,000 tons, primarily expensive palm oil, although it increased imports of much cheaper soybean oil.   Thus, palm oil imports decreased by 24% to 322 thousand tons, which is half the average of the previous marketing season, which was 750 thousand tons per month. Importers expect a decrease in palm oil prices, which increases the pressure on soybean and sunflower oil...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals7500 7000 ↓ 150 380 Mustard seeds 25000 Peas 14800 Rye 12000 Coriander 27000 Corn11000 10147 10050 10300 ↑...

Last week, heavy rains hit major soybean and corn growing regions in the US, delaying planting but improving soil moisture, while rains continue in Brazil ahead of the dry season.   In Ukraine, rains and a decrease in temperatures began over the weekend, which will improve the condition of winter crops and facilitate the sowing and germination of spring crops. During the week, cold weather will prevail with temperatures of 5-15 ° C and rains that will bring 10-15 mm of...

Turkey's State Grain Agency (TMA) has started selling part of its corn stocks to poultry farmers based on actual monthly consumption. According to analysts at Atria Brokers, sales could reach 200,000 tons.   In the southern regions of Turkey, as of May 2, the TMO set corn prices at $285-290/t.   Following the introduction last week of an additional quota for duty-free imports of another 1 million tons of corn, the sale of stocks will sharply reduce domestic prices and...

According to the Ministry of Agrarian Policy of Ukraine, as of May 2, 2025, 3.252 million hectares or 57% of the planned 5.681 million hectares were sown with spring grain and legume crops in the country (3.407 million hectares or 60.8% on this date last year), in particular:   wheat – 91% of the forecast or 207.9 thousand hectares (240.7 thousand hectares in 2024 and 236 thousand hectares in 2023), barley – 92% or 715.2 thousand hectares (775.7 and 712.2 thousand...