News

Dry and hot weather continues to negatively affect soybean and corn crops in Argentina. In the next 7-10 days, temperatures will again exceed 30 o C, and precipitation is not forecast.   As a result of the difficult weather conditions in the country, the experts of the Grain Exchange of Buenos Aires (BAGE) on February 22 again lowered their forecasts for the production of soybeans and corn. According to their data, during the week, the number of soybeans in good or excellent...

Egypt's state-owned operator GASC bought wheat at the tender at a price $5.3/t lower than the previous auction, adding further pressure on stock prices, which continue to fall, amid weak global demand.   The tender offered 7 batches of Russian wheat at a price of $317.5-332.4/t, 5 batches of Romanian wheat at a price of $321.7-339/t, 2 batches of Bulgarian wheat at a price of $324.77-328.5/t t, 1 lot of Ukrainian wheat at $329/t, 1 lot of French wheat at $341.9/t (all on a...

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 2150 Mustard seeds 60000 1240 Peas 7630 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 ...

May palm oil futures in Malaysia rose 1.71% to a 7-week high of 4,212 ringgit/t or $949.9/t on Wednesday amid lower palm oil output and heightened concerns about the loss of part of Argentina's soybean crop due to a new heat wave.   According to forecasts, in the next 10 days, heat is expected in Argentina with temperatures above 30 o C and little precipitation, which will intensify the drought and worsen the prospects for the future harvest of soybeans and...

Forecasts of a decline in demand for canola oil and meal in China amid increased supply of soybeans on the world market will increase pressure on canola prices in the near future.   After the Spring Festival, demand for oils and fats in China has decreased significantly, with canola oil falling the most among all types of oil, while canola meal may pick up slightly in the spring.   Currently, rapeseed oil demand prices are at RMB 10,000/t, or $1,450/t, but 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 2150 Mustard seeds 60000 1240 Peas 7630 ↑ 2370 275 ↓ 11 Rye 6000 188 ↓ 12 Rye grade II 6000 ...

Despite the significant global supply of wheat in 2022/23 MR, traders are paying more and more attention to forecasts of a reduction in production in the next season in Australia and the Black Sea countries, as well as closely monitoring the weather conditions in the main world exporters - the USA and the EU.   Wheat prices fell last week, completely losing the speculative rally of the previous week, triggered by forecasts of severe frosts in the US.   Monday was a holiday...

The press service of the "Ukrainian Club of Agrarian Business" association reported on mass appeals from suppliers of mineral fertilizers, who complain about the delay by representatives of the State Customs Service of Ukraine in issuing customs declarations for the import of mineral fertilizers and the refusal to determine the customs value of the goods in accordance with the contract price. Instead, representatives of the State Customs Service determine the value of goods using...