News

Favorable weather conditions in the US and Brazil (the world's largest producers of corn and soybeans) are relieving some of the speculative pressure on soybean and corn quotes, which in Chicago have already decreased by 4% and 14.7%, respectively, during the month.   Warm, dry weather over the past two weeks in the Midwest and Plains is helping to ensure a healthy soybean and corn harvest, as well as winter wheat planting. A front could bring brief showers later this week, which...

On Thursday and Friday, December Brent crude futures rose 6% to a 5-month high of $117/barrel (+19.4% for the month, +67% since the start of the Iran war), and WTI crude futures rose 6.2% to $103/barrel (+15.7%, +64%) due to increasing rumors of a possible resumption of active US military strikes on Iran.   On Thursday, The New York Times reported that the U.S. and Israeli military have developed plans to resume military strikes on Iran after the U.S. and Israeli elections. The...

China is the world's largest importer of sunflower oil and meal, but the sunflower oil import market in this country has been quite volatile over the past 5 years.   According to the International Trade Center, in 2021, China imported 1.283 million tons of sunflower oil worth $1.348 billion, of which 887 thousand tons came from Ukraine, 363 thousand tons from the Russian Federation, and only 11 thousand tons from Kazakhstan (which accounted for 1% of the market).   In...

In November, Ukrzaliznytsia will change the procedure for approving plans for transporting agricultural products to western border crossings, and will reduce transportation volumes in directions where large queues of wagons have formed.   The company will take into account the number of wagons actually accepted by foreign carriers over the last 1-2 months and the length of waiting in line. If the waiting time exceeds 15 days, transportation plans in this direction will be...

On the morning of October 23, the vessel Khoryv was attacked by a drone in the Black Sea near Constanta (13 miles from the coast) and sent a distress signal, the Romanian publication Digi24 reported.   There were 13 crew members on board the vessel, including ten Ukrainians and three Azerbaijani citizens.   The attack resulted in a fire on board and one crew member died, three others went missing, and 9 were rescued.   According to the Romanian Navy, as of 11:40...

Due to the blockade of exports from the Black Sea ports, the main cargo flow was directed to the Danube ports and western terminals. The increase in transportation volumes and delays in the arrival of ships and European trains increase the downtime of wagons, which leads to significant losses for exporters. Therefore, the transportation of goods by road has become an important alternative to rail.   Amid the growing demand for trucking, their cost has risen sharply. In addition to...

Grain procurement prices in Ukraine continue to adjust in late October. The most noticeable decline is currently occurring in the wheat market, while corn has also weakened slightly on a port delivery basis. Soybeans are moving in the opposite direction, with several procurement prices increasing and higher price levels being recorded for deliveries toward export terminals.   Corn declined by UAH 100/t to UAH 7,000/t on a CPT terminal basis, while the EXW price remains around UAH...

Against the backdrop of the Russian Federation's terrorist attacks on border infrastructure, Ukraine has asked Poland and Moldova to transfer border control to their territory in order to reduce risks for border guards, customs officers, and carriers, as well as to ensure the continuity of freight and passenger transport even in the event of damage to checkpoints on the territory of Ukraine.   Poland has stated that it is ready to consider the possibility of transferring control...