News

Corn quotes in Chicago fell 5.8% for the week amid sluggish exports and USDA forecasts for more planted acreage in 2023.   At the Ag Forum last week, the US MSG released its first forecast of the sown area and corn harvest in 2023. It is expected that compared to 2022, the corn harvest will grow by 10% to 383.2 million tons, and the sown area - to 91 million acres (88.6 million acres in 2022 and 93.3 million acres in 2021). Consumption and export estimates for FY 2023/24 were also...

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 FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2300 Mustard seeds 60000 1240 Peas 7505 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 Rye grade III 6200 ...

Last week, the state-owned Egyptian operator GASC bought 79,000 tons of soybean and sunflower oil at an international tender for delivery on April 1-20, increasing purchases against the background of falling global prices. At the same time, sunflower oil prices have a significant discount compared to soybean oil, despite forecasts of a reduction in supply in the 3rd quarter due to a decrease in the sunflower harvest in Ukraine and the Russian Federation in 2022.   In particular,...

Ukraine continues negotiations with the UN and Turkey regarding the extension of the "grain agreement" after March 19 for at least a year, and not for 120 days, as before, and uses all possible levers of pressure on the Russian Federation. In addition, Ukraine proposes to include in the agreement the possibility of exporting from Mykolayiv ports, and to the list of products shipped through the corridor - ore and metal.   On February 24, China published its plan for the...

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 2300 ↑ 150 Mustard seeds 60000 1240 Peas 7505 ↓ 125 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II ...

Dry and hot weather continues to negatively affect soybean and corn crops in Argentina. In the next 7-10 days, temperatures will again exceed 30 o C, and precipitation is not forecast.   As a result of the difficult weather conditions in the country, the experts of the Grain Exchange of Buenos Aires (BAGE) on February 22 again lowered their forecasts for the production of soybeans and corn. According to their data, during the week, the number of soybeans in good or excellent...

Egypt's state-owned operator GASC bought wheat at the tender at a price $5.3/t lower than the previous auction, adding further pressure on stock prices, which continue to fall, amid weak global demand.   The tender offered 7 batches of Russian wheat at a price of $317.5-332.4/t, 5 batches of Romanian wheat at a price of $321.7-339/t, 2 batches of Bulgarian wheat at a price of $324.77-328.5/t t, 1 lot of Ukrainian wheat at $329/t, 1 lot of French wheat at $341.9/t (all on a...

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 2150 Mustard seeds 60000 1240 Peas 7630 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 ...