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The collapse of oil prices shocked the world market, since there are not many fundamental reasons for the sharp drop in quotations, and the main factor of pressure was technical sales and the transition of traders from agricultural products to other assets against the background of signs of a banking crisis in the USA and the EU.   On Wednesday, the US Federal Reserve increased the base interest rate by 25 bps. to 4.75-5% per annum, which is the highest level since 2006, when it...

Traders are closely watching the weather in South America, where the weather has a significant impact on the soybean and corn markets.   Harvesting has begun in Argentina, and the weather remains unfavorable for crops. In the coming days, there will be showers in the country, especially in the northern regions. But they will not be able to improve the condition of drought-damaged soybean and corn crops. Dry and hot weather will return to the country next week, which will continue 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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2967 Mustard seeds 60000 44000 Peas 8253 Buckwheat 111 Corn 7450 6248 6850 5896 ↓ 104 200 ↑...

China's vegetable oil production will grow from 28.4 million tonnes in FY 2022/23 to 29 million tonnes in FY 2023/24, thanks to increased production of soybeans, canola and peanuts, according to USDA's FAS report on oilseed markets.   Soybean oil remains the main domestically produced vegetable oil in China. In FY 2023/24, its share in the total production of vegetable oils will be 58.7%, while the share of rapeseed oil is 24.1%, and peanut oil is 11.3%.   The...

Yesterday on the European markets, the fall in quotations for agricultural crops continued, due to a decrease in demand and a difficult situation in the banking industry, due to which traders switched from short positions on grain to other assets.   The leader of the decline was rapeseed, whose May futures on Euronext, after falling by 3.2% on Monday and by 2.9% on Tuesday, yesterday fell by another 2.4% to a 2-year low of €430.5/t or 469 $/t, losing 30% in a month...

The head of the Center for Food and Land Use Research of the Kyiv School of Economics, Oleg Nivyevskyi, said that the total amount of damage caused to Ukraine due to the blocking of the Black Sea ports is $36 billion, of which about $18 billion is the loss from blocking the export of agricultural products.   "In 2022, the decline of the Ukrainian economy amounted to more than 30% or $60 billion. In addition to blocking ports, it was affected by numerous destructions, disruptions...

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 2967 Mustard seeds 60000 44000 Peas 8253 Buckwheat 111 Corn 7400 6283 ↑ 35 6850 6000 ↓ 53 201...

The sharp drop in rapeseed prices on the Euronext exchange is already causing panic among traders who do not understand at what level the collapse of quotations will stop.   Amid a sharp drop in demand caused by lower prices for raw materials, vegetable oils and meal in the EU, May canola futures on Euronext fell another 2.9% to a 2-year low of 441 yesterday after falling 3.2% on Monday. €/t or $475/t, losing 26.4% for the month and 65.5% for the year.   Forecasts of...