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Analysts again lowered their forecasts for the soybean harvest in Argentina and Brazil due to unfavorable weather
21.02.2023
Weather conditions in South America in February remain unfavorable for crop development, reducing crop potential. Precipitation is distributed very unevenly, and if in the south crops suffer from drought, then in the north and in the center of the continent they suffer from an excess of moisture. A front from Brazil brought rain and cooler temperatures to northern Argentina last week, but the main soybean-growing regions remained dry. The Rosario Grain Exchange cut its 2022/56...
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Demand for corn at the ports remains low, but could be supported by active exports
21.02.2023
In Ukraine, the demand for corn with delivery to the port remains low against the background of the lack of free capacities at the terminals due to the delay in the actions of the vessels. The main exporters reduced their purchases due to the uncertainty with the operation of the grain corridor after March 19, so the purchase prices for the week fell in the Black Sea ports from $205-206/t to $200-202/t, and in the Danube ports - to $215-220/t. t. European buyers lowered the demand...
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Purchase prices for grains in Ukraine on February 21, 2023
21.02.2023
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 2000 Mustard seeds 60000 1240 Peas 5120 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 220 Rye grade III...
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Palm oil prices hit a 6-week high
20.02.2023
Palm oil futures on the Malaysian stock exchange rose 5% on Thursday and Friday and rose 7.2% in two weeks to a six-week high on expectations of a pick-up in exports from Malaysia amid reduced supplies from Indonesia, and due to a decline in the Malaysian ringgit by 2.3% for the week. So, April palm oil futures on Bursa rose 1.5% to 4,131 ringgit/t or $933/t on Friday, reaching 4,170 ringgit/t during trading, the highest level since 01/04/2023 . According to the...
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Ukraine has increased the maximum draft of ships on the Danube to 6.5 m, which will allow to increase the export of grain
20.02.2023
According to the order issued by the port of "Izmail" on February 16, the passing settlement of ships in the section from the 0th kilometer of the mouth of Bystre to the 77th kilometer of the mouth of the Kiliyske River of the Danube will be 6.5 m, and in the section from the 77th to the 116th kilometer of Kiliysky estuary - 7 m. This is reported by the press service of the Ministry of Infrastructure of Ukraine and reminds that previously the maximum subsidence in the...
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Purchase prices for grains in Ukraine on February 20, 2023
20.02.2023
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 2000 Mustard seeds 60000 1240 Peas 5120 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 220 Corn 7925 ↓...
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Purchase prices for wheat in Ukraine are under pressure due to a decrease in export demand
17.02.2023
Long delays of ships in the Black Sea ports in Ukraine have a negative impact on the purchase prices of wheat in the country. Deliveries to the western borders also decreased due to lower prices from European consumers, which led to a decrease in purchase prices from Ukrainian processors. About 140 vessels are waiting for inspection and permission to enter the Black Sea ports of Ukraine, which continues to increase queues, and almost all terminals do not accept wheat. Traders are...
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Weather factors in South America: Drought in Argentina and excess rainfall in Brazil weigh on markets
17.02.2023
Adverse weather conditions in South America affect the agricultural market. Excess rainfall continues in Brazil, hampering the harvesting of second-crop soybeans and corn, while crops in Argentina are suffering from a lack of moisture, reducing soybean and corn yield potential and keeping prices high. Rainfall continues in central and northern Brazil, while the south continues to be deficient, weather forecasts for next week also show similar conditions. If the delay in corn...
