News

August oil futures rose 14% in one week as Israel's ongoing open war with Iran and concerns about the closure of the Strait of Hormuz sent canola and rapeseed prices soaring, despite higher production forecasts in Germany and Canada.   In Ukraine, this week was spent waiting for the parliament's decision to introduce a 10% duty on soybean and rapeseed exports from July 1, which could significantly affect the possibility of exports. But so far this initiative has been...

The amount of precipitation in June in the EU, the USA, and the Black Sea countries will be the main factor in the formation of a good harvest, so the weather will significantly affect speculative price movements in the near future.   The U.S. received light rain this week, which improved the condition of spring crops, although it delayed the winter wheat harvest. Next week, the Midwest and Plains are expected to heat up to 32-34 ° C, but showers will pass by late in the week,...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF The abolition of soybean and rapeseed amendments makes the Ukrainian market more predictable in terms of rapeseed and soybean exports in the new season. Soybean prices in Ukraine are falling under the pressure of falling export demand. Argentina has harvested soybeans on 95% of the area, and local analysts are increasing production forecasts....

ASAP Agri completed a wheat crop tour that covered 8 regions of Ukraine and reported that crops look fairly uniform in central Ukraine. "Wheat is in the flowering phase, there is still enough moisture, temperatures are moderate - ideal conditions for pollination and grain filling. Some farmers are treating fields against fusarium. There are risks of a decrease in protein due to excessive rains in May (up to 150 mm), but 1,000 grains will be heavy - the potential is good,"...

The Verkhovna Rada yesterday did not support the proposed introduction of a 10% duty on soybean and rapeseed exports from July 1, 2025, which would calm the Ukrainian soybean and rapeseed market and allow exporters to plan their export programs more calmly.   Ukraine exported 3.3 million tons of soybeans during September-May 2024/25 MY, and can still ship about 1 million tons, but due to the constant increase in the supply of cheap South American soybeans, exporters are reducing...

Wheat prices rose sharply yesterday by 2.5-4.6% to their highest levels in 1-3 months amid information about adverse weather in the US, China, and the Russian Federation and news about the possible involvement of the US in a war between Israel and Iran.   In the two largest wheat-producing regions of the Russian Federation (Krasnodar and Rostov), a state of emergency has been declared in some areas affected by drought.   Wheat harvesting is underway in China, but there is...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF In Ukraine, there is still little trading activity amid declining grain stocks and prices for the new harvest.   Global vegetable oil quotes on stock exchanges have risen amid a sharp rise in oil prices, but physical prices for soybean oil in China and Brazil and sunflower oil in Ukraine and India remain almost unchanged, as buyers are still...

July soybean oil futures in Chicago rose 6% to $1,112/t on Friday (+3% for the month) and have now reached $1,164/t (+11% from Thursday) amid a sharp 7% jump in oil prices caused by Israeli strikes on Iran and the US government's decision to sharply increase US biofuel production mandates for 2026 and 2027 by more than producers had requested.   The start of an open war between Israel and Iran and information about the possible US joining the strikes on Iran led to a sharp...