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According to Oil World's forecast, in 2026/27 MY, South American countries may increase rapeseed production to 1.6 million tons compared to 1.1 million tons in 2025/26 MY and 0.7 million tons in 2024/25 MY.   The largest increase in rapeseed area was in Uruguay, up to 340,000 hectares, which will allow the country to harvest a record 600-620,000 tons of oilseed. Brazil increased its area to 370,000 hectares, from which it plans to harvest 600,000 tons of rapeseed, which will...

Grain procurement prices in Ukraine remain largely stable at the beginning of September, while the oilseed market continues to show mixed dynamics. The most notable decline is being observed in soybean prices, with sunflower prices also edging lower, while corn and rapeseed remain relatively stable. As of September 2, 2026, Grade 2 wheat is being purchased at an average price of UAH 7,500/t, corn at UAH 8,150/t, barley at UAH 6,433/t, sunflower seeds at UAH 19,286/t, soybeans at UAH...

Experts from the Australian Bureau of Resources and Agricultural Economics (ABARES) in their Australian Crop Report dated September 1 increased the forecast for winter crop production in the 2026/27 MY by 12% to 61 million tonnes compared to the previous June estimates.   The reason for the adjustment in forecasts was the improvement in weather conditions in the country. Winter precipitation in the south and southeast of Australia turned out to be better than expected and provided...

During the week, soybean oil quotes in Chicago showed the largest increase, which was a result of the EPA's decision on biofuel credits in the US, and the sharp increase in oil prices from Monday will support prices for other oils.   November Brent crude futures rose 9% for the week to a 1.5-month high of $94.8/barrel amid renewed missile strikes between the US and Iran and expectations of a new blockade of oil shipments through the Strait of Hormuz, which continues to support...

The US Environmental Protection Agency (EPA) decision to grant 29 small refinery exemptions (SREs) for 1.76 billion RINs, with a simultaneous 100% reallocation of this difference from the 2025 obligation to 2026–2027, removes uncertainty with biofuel demand and ensures that physical demand for renewable fuels will not be lost, but only shifted to subsequent periods.   The market responded with an immediate increase in the value of RIN credits, making biofuel production and...

November Brent crude futures rose 4.8% yesterday to a 1.5-month high of $94.8/barrel (+7.8% since Monday, +17% for the month) after US strikes on military facilities in Iran and Iranian attacks on US military bases in Jordan and the UAE.   The US launched a new wave of strikes on Iran in response to its attempts to plant mines in the Strait of Hormuz and attacks on American bases, and Iran, in turn, attacked two oil supertankers while trying to exit the Strait of Hormuz, which again...

Grain and oilseed procurement prices in Ukraine remain largely stable at the beginning of September, although mixed price movements are being observed across individual delivery bases. The most notable fluctuations are occurring in sunflower and soybean prices, while corn, barley and rapeseed remain relatively stable. As of September 1, 2026, Grade 2 wheat is being purchased at an average price of UAH 7,500/t, corn at UAH 8,150/t, barley at UAH 6,433/t, sunflower seeds at UAH 19,329/t,...

The excitement in the global fertilizer market is gradually subsiding, the center of influence has shifted from the Persian Gulf to China, Georgian saltpeter has become a hostage to hostilities in the Black Sea, and in Ukraine, despite all this, prices for nitrogen fertilizers are falling, Infoindustry reports in its review.   Urea In August, global prices for granular urea continued to rise. Producers in Egypt saw prices rise by $15/t to $490/t FOB in a week, in Algeria to $521/t...