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According to forecasts, the world corn production in 222/23 MR will decrease compared to the previous season from 1.217 to 1.168 billion tons, but will exceed the 1.13 billion tons of the 2020/21 season. However, the delay in corn harvesting in Ukraine and sowing in Argentina due to drought may lead to forecast adjustments in the near future.   In the December USDA report, the harvest estimate for Ukraine will definitely be lowered, since as of December 1, due to unfavorable weather,...

This week, Russia continued intensive missile attacks on the civilian infrastructure of Ukraine, which led to disruptions in energy supply and the shutdown of many enterprises, including oil extraction plants. Interruptions in the work of the MEZs and unstable actions of ships to the ports of the Black Sea reduce the amount of sunflower processing, which does not allow prices to reach their maximum against the background of a low harvest.   During the week, purchase prices for...

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 3100 160 Mustard seeds 65000 Peas 5552 ↑ 1449 Coriander 35000 Corn 7375 ↓ 25 6589 4500 5238 ↑ 1 203 ↑ 3...

The decision by the US Environmental Protection Agency (EPA) to increase the share of biofuel use by only 1% in 2023/25 and to allow the use of rapeseed (canola) oil for biodiesel production collapsed soybean oil quotes, which were well above the prices of palm and sunflower oil .   January futures for soybean oil in Chicago fell by 16.8% during the week, in particular by 4.3% yesterday to $1,377/ton, which corresponds to the level before the beginning of the war between the Russian...

Wheat quotations on world exchanges yesterday fell by 2.3-3.3%, and in general for the week - by 4.3-8.4% against the background of a decrease in demand for American and European wheat and an increase in the forecast of the harvest in Australia.   According to the estimates of the federal agency ABARES, despite severe floods in the east of Australia, wheat production in 2022/23 will reach a record 36.6 million tons, which will exceed the previous record of 2021/22 by 1% and 2 million...

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 3100 160 Mustard seeds 65000 Peas 4103 Coriander 35000 Corn 7375 ↑ 275 5779 ↓ 7 5220 203 ↑ 3 218 ↓ 4...

In recent years, world corn prices have been supported by a sharp increase in its imports by China from 6-7 million tons to 30 million tons in 2020/21 FY and to 20-22 million tons in 2021/22 FY. This year, as a result of the covid-19 pandemic, China reduced corn imports to 19.01 million tons in the January-October period, which is 27.5% less than the corresponding figure last year. Despite the possible reduction in demand for fodder grain in 2023 against the background of covid quarantines,...

Despite the establishment by the G7 countries and the EU of the maximum price for Russian tanker oil at the level of $60/barrel, the OPEC countries at the meeting on December 4 left the oil production quotas unchanged, taking into account the impact of the price cap mechanism on the world market and the prospects for oil demand from China.   At the previous meeting in October, OPEC+ agreed to reduce oil production by 2 million barrels/day from November 2023, which is equivalent to 2%...