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Overview of the main changes in the October IGC balances for grain and oil
24.10.2022
The October IGC balances for grain and oil crops were almost unchanged compared to September estimates. The IGC's GOI Cereals and Oilseeds Price Index is also unchanged and still 11% higher than last year. According to the IGC forecast, world grain production in FY 2022/23 will be 2.256 billion tons, which will be the second largest in history, although it will be 1% lower than the previous season. The decrease in production is due to the fall in the corn harvest in Ukraine,...
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The rates for rail transport fell sharply in September
24.10.2022
In September, the total fleet of grain trucks of Ukraine increased by 165 units to almost 32 units, of which more than 60% are private wagons. But if in August rates for rail transportation of grain to ports rose sharply and sometimes doubled the cost of road transportation, then in September rates for CTL wagons in the electronic trading system "Prozorro" decreased against the background of reduced demand for grain trucks in the direction of the western borders and uncertainty with...
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Purchase prices for grains in Ukraine on October 24, 2022
24.10.2022
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 1700 Mustard seeds 65000 Coriander 35000 Corn 5175 ↑ 25 5354 215 215 223 ↓ 3 244 ↑ 8 Sunflower oil cake 2000 Oats...
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Rainfall that will soon pass in the United States and Argentina will improve the condition of wheat crops
21.10.2022
Traders' attention is again focused on weather factors, especially given the lack of precipitation in Argentina and the USA and the delay in sowing in Ukraine and the Russian Federation, which has already led to a decrease in estimates of the area sown. Winter wheat growing regions of the United States saw rain and lower temperatures this week, but will warm again starting Monday, which will continue to improve crop conditions with additional precipitation. The...
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Wheat quotations remain under the pressure of uncertainty with the operation of grain corridors
21.10.2022
Wheat markets remain under the pressure of uncertainty with the further work of grain corridors, and rumors are spreading among traders about the ban on the entry of ships into the Black Sea ports of Ukraine since the beginning of November. It is worth noting that after the return of the Snake Island to Ukrainian control and the sinking of part of the Russian ships in the Black Sea, the Russians can no longer block the ports of Odesa, Chornomorsk and Yuzhnoye, unless they increase the shelling...
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Purchase prices for grains in Ukraine on October 21, 2022
21.10.2022
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 1700 Mustard seeds 65000 Coriander 35000 Corn 6000 5425 ↓ 39 215 215 244 ↑ 8 Sunflower oil cake 2000 Oats 4800 ...
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Another decrease in the corn harvest forecast in the EU supports quotations at a high level
20.10.2022
According to the forecast of COCERAL (Organization of European Grain Traders) experts, this year's corn harvest in the EU will not exceed 52 million tons, while last year it amounted to 70.2 million tons, and the USDA estimated it at 56.2 million tons in October. After significantly lowering France's corn crop forecast due to prolonged summer drought and heat, the German Cooperative Union (DRV) lowered its corn production estimate for Germany to 3.54 million tonnes, down...
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A sharp increase in the prices of palm and soybean oil will significantly support the demand for sunflower oil
20.10.2022
Usually, sunflower oil remains strongly undervalued compared to soybean oil, especially Ukrainian oil, which is very difficult for sellers to sell, despite a significant reduction in production in the current season. During the week, stock exchange quotes for palm oil and soybean oil rose by 10% and 8.4%, respectively, while demand prices for Ukrainian sunflower oil increased by only 3-4%. Asking prices for deliveries to Bulgarian ports for the week increased by 4.3%...