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In the May report, USDA experts slightly raised their FY 2022/23 soybean production and ending stocks forecasts and significantly increased their estimates for FY 2023/24 soybean production, consumption and ending stocks, which will add further pressure on quotes in the new season.   Compared to the April estimates, the new balance for soybeans for 2022/23 MR underwent the following changes:   The forecast of initial reserves was reduced by 1.06 million tons to 98.67...

In the FY 2022/23 and FY 2023/24 corn balance sheets released in the May report, USDA experts raised production estimates and increased the FY 2023/24 ending stocks forecast to a 3-year high.   In comparison with the April estimates, the new corn balance for 2022/23 MR underwent the following changes:   The forecast of initial reserves has been increased by 1.25 to 308.15 million tons (292.54 million tons in FY 2021/22 and 306.37 million tons in FY 2020/21) as a result...

In the May report, USDA experts released the first wheat balance for 2023/24 MY, which led to an increase in stock prices.   In 2023/24, global wheat production is expected to increase compared to the previous season by 1.5 million tons to a record 789.8 million tons, in particular in Argentina (which will recover from the drought) by 6.9 to 19.5 million t, in Canada due to the expansion of sowing areas - by 3.2 to an almost record 37 million tons, in the EU - by 4.7 to 139...

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, $ CIF, $ Wheat mill offals 3325 ↑ 50 200 Mustard seeds 60000 Sugar beet pulp gran 9500 Corn 7000 5550 5027 ↓ 144 182 ↓ 1 227 ↑ 4 Soybeen cake...

Egypt's GASC this week held an international tender for the purchase of vegetable oils, where it purchased sunflower oil at the lowest price in the last 2.5 years.   Offers of sunflower oil at a price of $1000-1060/t with immediate payment and soybean oil at a price of $1079-1085/t with immediate payment were submitted to the tender, i.e. the prices were only $10-20/t lower than the offers at the previous tender on April 19, where GASC purchased 34,000 tons of sunflower oil and...

Mild temperatures with intermittent rains in the US, Canada and the EU are helping seeding and crop development, while drought in Argentina has not only reduced soybean and corn production, but is also impairing winter wheat crop potential. The dry season has also begun in Brazil, but moisture reserves are sufficient for the normal development of crops.   In the corn belt of the United States , particularly in the dry western regions, heavy rains will pass in the next few days, which...

According to the experts of the Malaysian Palm Oil Council (PMOC), in April, as a result of the reduction in production, palm oil stocks in the country fell to an 11-month low, as a result of which quotations for it rose by 5.5% at the beginning of the week.   However, on Wednesday and Thursday, prices fell by the same 5.5% to the level of the previous week on the data of the survey company Intertek Testing Services on the increase of palm oil exports from Malaysia for May 1-10 by...

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 3700 3275 ↓ 145 Mustard seeds 60000 850 Sugar beet pulp gran 9500 Corn 7025 5550 5171 181 ↓ 1 175 233...