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Purchase prices for grains in Ukraine on February 12, 2024
12.02.2024
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 2900 Peas 10000 13650 230 Corn 6173 ↓ 23 4921 4358 ↑ 22 147 172 ↓ 5 138 200 Soybean hulls granulated 200...
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Polish farmers scatter Ukrainian grain and strengthen the blockade of border crossings
12.02.2024
After the Polish "carriers", now the "farmers" began to block the transit of Ukrainian grain, probably using Russian funds. At the same time, the protesters do not notice Russian grain, the export of which is growing despite the sanctions, including to the EU. Yesterday at around 11:30 a.m. on the highway near the Dorogusk checkpoint, Polish farmers dumped grain from three Ukrainian trucks that were transiting to the Baltic states on the ground. There were no...
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Demand prices for corn in March-April may drop to $135-140/t
12.02.2024
Corn prices are gradually declining throughout the supply chain. Buyers are offering $202/t CIF Italy and $203/t CIF Spain for it. Most avoid large deliveries, in particular panamax shipments of 50,000-60,000 tons, or ask for a discount of up to $3/t for such shipments compared to handsize deliveries of 25,000-30,000 tons, Spike Brokers reports. In the ports of Ukraine, prices remain at the level of $144-148/t, subject to fast delivery within 1-2 weeks. In March - April, demand...
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In 2023, the export of agricultural products from the USA fell to a 3-year low
12.02.2024
Exports of agricultural products from the USA in 2023 amounted to $191 billion, which is 10% less than the previous year's record. According to the US Bureau of Statistics, exports of major agricultural commodities, including the most profitable corn, soybeans, wheat and cotton, fell 17% year-on-year to a 10-year low in 2023, the largest annual decline since 1985. The reason was high prices and increasing offers from competing exporting countries. Thus, the total...
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Purchase prices for grains in Ukraine on February 9, 2024
09.02.2024
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 2900 80 Peas 10000 13650 230 Corn 6196 ↑ 15 4921 4900 4346 147 177 139 207 ↑ 8 Soybean hulls granulated 200...
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USDA lowers soybean harvest forecast in Brazil by only 1 million tons, although market expected more significant changes
09.02.2024
In a February report, USDA experts slightly lowered their forecasts for world production, consumption and exports of soybeans, although the market had expected a more significant decrease in estimates. As a result of the opening inventory adjustment, the ending inventory estimate also exceeded analysts' forecasts. Overall, the soybean balance sheet remains fairly tight compared to last season, although Brazil's soybean crop outlook is a cause for concern. Compared to the...
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USDA lowered the corn export forecast for Brazil, but raised it for Ukraine
09.02.2024
In a February report, USDA experts lowered forecasts for global corn production and stocks in FY2023/24, especially for the Brazilian crop, but quotes were largely unresponsive, as improved conditions for planting second-crop corn in Brazil could lead to revised estimates. According to the report, March corn futures on the Chicago exchange fell by 0.2% to $170.6/t (-3.2% compared to the data after the December report), and on the Paris exchange by 1 .3% to €176.25/t or...
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USDA lowers 2023/24 wheat stocks estimate but raises wheat production, consumption and export forecasts
09.02.2024
In a February report, USDA experts again raised their forecasts for global wheat production, consumption and exports in FY 2023/24, while lowering their estimate of ending stocks to the lowest level since FY 2015/16. However, after the publication of the balance sheet, stock market quotations fell by 2-3% under the pressure of increased offers. Compared to the January estimates, the new wheat balance for the 2023/24 MR has undergone the following changes: The...
