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Wheat prices recovered slightly after last week's decline
15.11.2022
After last week's fall yesterday, global stock markets saw a speculative rise in wheat prices, caused by possible adjustments to harvests in Argentina, Australia and the Russian Federation. USDA experts' increase in the forecast of world production increased the pressure on prices, but they are supported by uncertainty with further supplies of Black Sea wheat. The market was supported by the purchase by the state operator of Saudi Arabia SAGO of 1 million tons...
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The successful conclusion of the harvest in the US and sowing in Brazil increases the pressure on soybean quotes
15.11.2022
The basis of the global soybean balance for FY 2022/23 is the forecast of a record soybean harvest in Brazil, which can be hoped for by the successful completion of sowing. In addition, favorable weather in the U.S. during the soybean harvest reduced losses and improved production forecasts. In the November report, Oil World experts forecast a surplus of global soybean production in 2022/23 in the amount of 13 million tons, as the world harvest will amount to 389.5 million tons...
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Purchase prices for grains in Ukraine on November 15, 2022
15.11.2022
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 1950 Mustard seeds 1190 Peas 9200 7500 290 Rye 5000 220 Rye grade IV 7700 Corn 5833 ↑ 47 4500 5188...
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Egypt purchased Russian wheat without a tender, and the market is waiting for Russia's decision on the operation of the grain corridor
14.11.2022
On November 11, a meeting of the UN Deputy Secretary General Martin Griffiths and the Secretary General of the UN Conference on Trade and Development Rebecca Greenspan with the Russian delegation led by the Deputy Minister of Foreign Affairs S. Vershinin took place in Geneva. The Russian side assessed the negotiations as useful, positive, long and detailed, but has not yet made a decision on extending the agreement. Another defeat of the Russians, namely the release of...
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The decrease in the forecast of production and stocks of vegetable oils has not yet affected quotations
14.11.2022
In a November report, USDA experts lowered forecasts for production and stocks of vegetable oils, especially palm oil, but the markets reacted in the opposite way, and palm oil prices fell. As in the October report, USDA experts lowered the palm oil export forecast for FY 2021/22 for Indonesia by 0.33 million t to 22.32 million t (26.84 million t in 2020/21 FY and 28.5 million t forecast for 2022/23 MR), but increased it for Malaysia by 0.227 million tons to 15.527 (15.87 and 16.5)...
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Purchase prices for grains in Ukraine on November 14, 2022
14.11.2022
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 1950 Mustard seeds 1190 Peas 9200 7500 290 Rye 5000 220 Corn 5767 ↑ 34 4500 5265 ↓ 46 205 205 ↓ 1 264 ↑...
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In the USDA oil balance sheet, the production forecast was lowered and the reserve estimate was raised
11.11.2022
USDA's November oil balance sheet for the 2022/23 FY has undergone minor changes - the global production forecast has been reduced by 1 million tons to 645.6 million tons (which will be 6.8% higher than the 2021/22 FY), and the estimate of ending stocks has been increased by 1 .38 million tons (by 7.4% will exceed the indicator of 2021/22 MR) as a result of the adjustment of initial balances. Soybean and canola prices edged higher on the bearish report, but eased yesterday and...
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USDA has lowered its sunflower harvest forecast for Ukraine, but raised its export estimate
11.11.2022
The military invasion of the Russian Federation into Ukraine stopped the sea export of agricultural products and the work of the main processing enterprises located in the ports of Ukraine, which led to significant changes in the work of the world market of oilseeds. Before the war, Ukraine was the world's main sunflower producer and exporter of sunflower oil and meal, providing half of the world trade of these products in 2020/21 MR. Sunflower processing was mainly done domestically, and...