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For the eighth month in a row, USDA experts cut forecasts for global corn production and consumption, but stock prices continued to fall amid an increase in estimates of ending stocks.   Compared to the February estimates, the new corn balance for the 2022/23 MR has undergone the following changes:   The estimate of initial reserves was reduced by 0.6 mln t to 305.69 mln t (292.54 mln t in FY 2021/22 and 306.37 mln t in FY 2020/21) as a result of balance adjustments for...

In the March balance of demand and supply, USDA experts increased the forecast of world wheat production by another 5.14 million tons to a record 788.94 million tons, primarily for Kazakhstan, Australia and India, but as a result of the balance adjustment for 2021/22 MR lowered the estimate of ending stocks by 2 million tons to 267.2 million tons, which increased the pressure on quotations.   Compared to the February estimates, the new wheat balance for the 2022/23 MR has undergone...

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 1240 Peas 8253 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12 Rye grade II ...

From April 1, Ukrzaliznytsia will introduce new coefficients for the empty mileage of its wagons on railway tracks of Ukraine, which will reduce the cost of grain transportation in the second half of the season.   By reducing prices, the company is trying to return the volume of transportation that was reoriented to motor vehicles. However, due to the significant increase in the cost of railway transportation, many participants in the agricultural market have purchased their own...

During the 31st week of operation of the "grain corridor" (February 27 - March 5), 1.0216 million tons of agricultural products were exported through the sea ports of Odesa, which is 94% more than the figure of the previous week. More than 70% of this volume was corn, 20% - wheat and 4% sunflower meal. The number of loaded ships increased by 6 to 20 units, which indicates the complexity of the grain corridor. Ukrainian agricultural products went to China, Turkey, Japan, Portugal,...

China, which is the world's largest importer of soybeans, purchased record volumes of oilseeds in the first two months of 2023.   Importers bought U.S. soybeans in anticipation of a pick-up in demand and concerns over a delayed harvest in Brazil.   This, along with lower crop forecasts in Argentina, supported the Chicago Stock Exchange, but weak soybean sales from Brazil amid a record crop could topple prices if exports pick up, so traders will be closely watching...

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 1240 Peas 8253 ↓ 56 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12 Rye grade...

According to Reuters, experts at ABARES raised their forecast for wheat production in Australia, the world's main grain exporter, in FY2022/23 to a record 39.2 million tons. The agency's previous December estimate was 36.6 million tons, which would also be a record.   The increase in the forecast brings the agency's data closer to market estimates, according to which the harvest may exceed 40 million tons, as rains caused by the La Niño climate phenomenon have...