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Soybean prices continue to fall, despite lower crop forecasts in Argentina and Brazil
14.03.2023
Despite lower crop forecasts in Argentina and Brazil, soybean prices continued to fall under the pressure of a difficult situation in the US banking system. Traders believe the bankruptcy of two major banks involved in cryptocurrency could sharply lower fuel and food prices. In a March report, experts from the Brazilian agency Conab reduced, compared to February estimates, the forecast of soybean production in Brazil in 2022/23 MR by 1.5 million tons to 151.4 million tons, which...
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Purchase prices for grains in Ukraine on March 14, 2023
14.03.2023
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, $ DAF, $ CIF, $ Wheat mill offals 2300 180 Mustard seeds 60000 44000 1240 Peas 7630 275 ↓ 11 Buckwheat 111 Rye 188 ↓ 12 Corn 6200 ↓ 229 7300 5787 ↓ 31 206 ↑...
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Malaysian palm oil prices fall 2.5% to 3-week low
13.03.2023
May palm oil futures fell 2.5% on Friday to 3- weekly low of 4,098 ringgits/t or $907/t. Prices were not supported even by data on the increase in palm oil exports from Malaysia for the period March 1-10 by 45.3% compared to the same period in February and the reduction of stocks. At the end of February, palm oil stocks in Malaysia decreased by 6.6% compared to January to 2.12 million tons, which is the lowest figure in the last 6 months, the Palm Oil Council of Malaysia (PAC)...
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On the eve of negotiations with the UN, the Russian Federation once again declared the inefficiency of the grain corridor
13.03.2023
The agreement on the grain corridor, which allowed Ukraine to export grain through Black Sea ports, expires on March 18, and through the mediation of the UN and Turkey, Ukraine is trying to continue its work, but this is being prevented by the Russian Federation. The next round of consultations of the Russian delegation with UNCTAD Secretary of State Rebecca Greenspan and OCHA head Martin Griffiths (curator of the "Black Sea Initiative" and the UN-Russia memorandum) will...
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Purchase prices for grains in Ukraine on March 13, 2023
13.03.2023
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, $ DAF, $ CIF, $ Wheat mill offals 2300 ↓ 367 180 Mustard seeds 60000 44000 1240 Peas 7630 ↓ 623 275 ↓ 11 Buckwheat 111 Rye 188 ↓ 12 Corn 6429 7300 5847 ↓ 13...
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Veterinary control of agricultural products transiting through Poland has been cancelled
10.03.2023
In accordance with the agreements reached between the Minister of Agricultural Policy and Food of Ukraine M. Solskyi and the Deputy Prime Minister, Minister of Agriculture and Rural Development of the Republic of Poland G. Kowalchyk, veterinary control of Ukrainian agricultural products transiting through Poland to the ports of Gdańsk, Gdynia, Świnoujście, Szczecin or to the ports of other countries. The simplified procedure will apply at all checkpoints on the Ukrainian-Polish border where...
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USDA Cuts Argentina Soybean Crop Forecast, Raises Canola Production Forecast, But Both Crops Fall
10.03.2023
Prolonged drought in Argentina dampens outlook for soybean crop, but global soybean balance remains stable as USDA lowers consumption forecast, and in overall oil balance, decline in soybean crop offsets increase in canola crop. Despite the downgrade for Argentina, the global balance sheet is still more stable than last year, thanks to an increase in Brazil's harvest and lower global demand. Compared to the February estimates, the new balance for soybeans for...
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Purchase prices for grains in Ukraine on March 10, 2023
10.03.2023
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 2667 180 Mustard seeds 60000 44000 1240 Peas 8253 275 ↓ 11 Buckwheat 111 Rye 188 ↓ 12 Corn 6280 ...
