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Traders' attention is focused on the weather factors that will have the biggest impact on agricultural crops markets in the 1st quarter, in particular the drought that continues to worsen crop forecasts in Argentina and the weather in Ukraine that prevented the corn harvest.   At the end of December in Ukraine, corn was threshed on only 81% of the areas, but dry weather in January allowed farmers to continue harvesting almost without losses. A slight drop in temperature is...

The gradual decline in oil prices is reducing demand for ethanol and, as a result, corn in the US, putting upward pressure on prices. Traders do not believe in the recovery of demand for oil and other commodities in the 1st quarter of 2023 in China, where the decline in the real estate industry continues and the number of covid diseases has increased after the easing of quarantine restrictions.   March Brent oil futures on the London ICE exchange have fallen by 9.1% to $78.8/barrel...

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 3200 170 Mustard seeds 1240 Peas 4860 ↓ 1070 265 ↓ 18 Rye 195 ↓ 18 Corn 7425 ↑ 58 5881 ↑ 12 ...

According to the Ministry of Finance of Ukraine, the general fund of the state budget for 2022 was reduced to a deficit of UAH 909.5 billion.   Compared to the previous year, the budget deficit increased by more than 5 times, but it was financed thanks to borrowings, the volume of which amounted to UAH 1,261.1 billion, of which international credit assistance – UAH 564.2 billion, placement of OVDP bonds – UAH 666.9 billion, proceeds from OVDP for recapitalization of the...

Due to the war and the blockade of ports, logistics became the main problem of exports. In 2022, Ukraine reduced the volume of exports by 38.4%, and its value - by 35% compared to 2021.   According to preliminary data from the Ministry of Economy, during the year Ukraine exported 99.8 million tons of products (of which 16.3 million tons via the grain corridor) worth $44.1 billion, and in the 11 months of 2022, exports decreased by 36.6% from 61, $3 billion to $40.7...

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 3200 170 Mustard seeds 1240 Peas 8250 265 ↓ 18 Rye 195 ↓ 18 Corn 7425 ↑ 58 5869 5298 ↓ 8...

A significant volume of second-crop corn production in Brazil and favorable weather conditions for planting the new crop are forcing Argentine farmers to increase sales, which increases competition with exporters from Ukraine and the United States. China, after opening the market for Brazilian corn, reduced the demand for Ukrainian corn, especially in view of the delay in deliveries.   Brazil exported 6.4 million tons of corn in December, which is 3 million tons more than in December...

In Europe, December and January turned out to be quite warm, and according to forecasts, low temperatures are not expected in the next 7-14 days, which increases the pressure on global prices for gas and, accordingly, oil.   According to the ISE exchange, at the TTF hub in the Netherlands, gas quotations fell to $780/per 1,000 m 3 , which corresponds to last year's level.   Germany's underground storage facilities are 90% full, and the country has announced a...