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After the drop in oil prices by 5%, quotations of the main agricultural commodities on the US stock exchanges fell sharply yesterday. This was facilitated by the expiration of the May contracts and improved weather forecasts in the US, which will improve the condition of crops and allow to accelerate sowing.   Export sales of old-crop wheat for the week of April 14-20 decreased by 40% to 155.7 thousand tons, and the total for the season reached 18.7 million tons, which is 88.6% of...

On April 26, the work of the Black Sea grain corridor was again blocked by representatives of the Russian Federation at the SCC in Istanbul, who refused to register vessels for movement through the humanitarian corridor for entry and exit from the ports of Ukraine, the press service of the Navy of Ukraine reports.   "As a result, 4 ships, including the AKDENIZ-M vessel chartered by the UN to deliver wheat to Ethiopia, could not leave the Black Sea ports of Odesa and had to wait...

During April 17-23 (the 38th week of operation of the grain corridor), the number of ships loaded in the sea ports of Odesa increased by 1 to 15 units compared to the previous week, and the volume of shipped products decreased by 5% to 668.4 thousand tons.   The Russian side continues to sabotage ship inspections and tries to change the rules, which leads to a reduction in product shipments in ports. During the specified time, no more than 2 vessels per day were inspected at the...

Analysts of Refinitiv Commodities Research, taking into account the long drought and low level of soil moisture in the south-west of the EU, have reduced the forecast for the production of soft wheat in the EU in 2023/24 MR by 1 million tons to 131.2 million tons, which will still exceed 126 million tons for the 2022/23 season.   Central Europe has experienced cool and wet weather in recent weeks, while north-western regions and the Iberian Peninsula have experienced above-average...

The US market is expecting a recession this year, and the consumer confidence index fell to a 9-month low in April, leading to lower prices for stocks, oil and other commodities.   Investors believe that in order to curb inflation, central banks will once again raise interest rates in May, which will slow economic growth and reduce demand for energy carriers in the US, EU and Great Britain.   Yesterday, June futures for Brent oil on the London ICE exchange fell by 4.2% to...

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, $ DAF, $ CIF, $ Wheat mill offals 2750 ↓ 125 230 Mustard seeds 60000 850 Peas 9500 ↓ 250 Rye grade IV 5000 Corn 7750 5631 ↓ 86 5378 ↑ 25 195...

On the Chicago Stock Exchange, May corn futures are trading at a low level, while December futures fell to the lowest since 02/22/23 at $215.2/t against the backdrop of high US planting rates. This increases the pressure on quotations on the stock exchange in Paris, which are at the levels that preceded the start of the war in Ukraine.   It is worth noting that May futures are trading at $255/t, and July futures at $239.4/t, as exports of second-crop corn from Brazil are expected to...

The Turkish authorities have decided to increase the import duty on wheat, barley, corn, oats, rye and sorghum from 0% to 130% from May 1 in order to protect local agricultural producers from imported grain ahead of the new season.   Against the backdrop of blocking the operation of the grain corridor, this will be a new blow for Ukrainian farmers after the ban on the import of grain from Ukraine by neighboring EU countries. In the 1st quarter of 2023, Turkey purchased 18% of wheat...