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In the December world oilseed balance for 2025/26 MY, FAS USDA experts increased the forecast for world oilseed production by 2.25 million tons compared to November estimates to 690.26 million tons (684.5 million tons in 2024/25 MY and 657.4 million tons in 2023/24 MY) due to increased rapeseed and peanut yields, which more than compensates for the decrease in sunflower production.   The forecast for global rapeseed production has been increased by 3 million tonnes due to increased...

In the December supply and demand balance, experts from the United States Department of Agriculture (USDA) again, as in the November report, sharply increased forecasts for world wheat production, consumption, and ending stocks in the 2025/26 MY, but the market reacted quite calmly to this, as the changes correspond to previously published official data on increased harvest forecasts in Canada, Australia, and the EU.   December wheat futures in the US barely reacted to the...

The United States Department of Agriculture (USDA) unexpectedly sharply lowered its forecast for the corn harvest in Ukraine in a December report, which led to a decrease in the forecast for global production and world stocks in the updated balance for the 2025/26 MY.   The forecast for the corn harvest in Ukraine in the 2025/26 MY has been reduced by 3 million tons to 29 million tons, which will still exceed last year's figure by 8%. Due to the delay in harvesting and...

According to European traders, the South Korean Feed Manufacturers Association (KFA) purchased about 132,000 tons of feed corn of any origin at an international tender on December 9.   The following lots were purchased at the auction: 67 thousand tons from Mitsu at a price of $256.84/ton C&F with delivery by March 15, 2026, 65 thousand tons from the Agrex trading house at a price of $255/ton C&F with delivery by April 10, 2026.   Recall that two weeks...

Argentine Economy Minister Luis Caputo announced a reduction in grain export duties, La Depecha Diario reports.   Thus, the export duty on wheat and barley will be reduced from 9.5% to 7.5%, corn and sorghum - from 9.5% to 8.5%, soybeans - from 265 to 24%, soybean processed products - from 24.5% to 22.5%, sunflower - from 5.5% to 4.5%.   This decision should significantly reduce the tax burden on the industry, which brings the largest amount of foreign currency into the...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 6000 Mustard seeds 35000 Peas 11000 Buckwheat 21000 Coriander 28500 Corn9839 8590 205 195 245 Soybean...

We predicted that the speculative rise in soybean quotes in Chicago, caused by China's promises to buy American soybeans, would quickly stop against the backdrop of reality and prices would fall, but the market is falling more slowly, hoping for an increase in supplies from the US to China.   At the same time, China has never provided written confirmation of its commitments to buy 12-25 million tons of soybeans from the United States, which American officials declared after the...

Speculative wheat price growth, triggered by attacks on civilian ships in the Black Sea, has stalled. The market is awaiting today's bearish USDA report, which could sharply increase wheat production forecasts in Argentina, Australia and Canada (according to official estimates) and world wheat stocks.   Statistics Canada (StatCan) has raised its estimate of wheat production in the country to a record 40 million tonnes, although the USDA in November estimated it at 37 million...