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Significant volumes of deliveries to Europe of canola from Australia and sunflower from Ukraine led to a sharp decrease in the prices of vegetable oils, Argus Media reports.   According to the Australian Bureau of Statistics, the country exported a record 3.4 million tons of canola during the 6 months of the current season (as of March 31), most of which went to EU countries. Ukraine significantly increased sunflower exports to the EU, although before the war it exported mainly...

Gas prices in Europe continue to fall under pressure from large inventories, warm weather and increased LNG supplies, which will lower nitrogen fertilizer prices and help lower crop costs.   At the TTF hub in the Netherlands, June futures fell to €35.06/MWh or $398.1/1,000 cubic meters. The last time such prices were recorded was in July 2021, when Russia first began to block energy supplies to Europe. It is worth recalling that in pre-crisis 2019, the average TTF cost was less...

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 3700 3420 ↑ 70 Mustard seeds 60000 850 ↓ 125 Sugar beet pulp gran 9500 Corn 7025 5567 ↑ 483 5171 ↓ 38 180 ...

Corn prices in Chicago fell yesterday under pressure from news of strong planting rates in the US, favorable weather in Brazil and the third cancellation of private export sales of corn to China.   Yesterday on the exchange in Chicago, July corn futures fell by 2% to $230.2/t (-7.7% for the month), and December - by 2.2% to $204/t (-9.5 % per month, -19% per year).   Yesterday, the US MSG announced the cancellation of a private export sale of 272,000 tons of corn to China,...

After Ukraine announced that Russia blocked the work of the grain corridor and refused to register ships, yesterday Turkey announced its success in resuming the work of the initiative, reports the Turkish Anadolu Agency. Sources in the country's Ministry of Defense announced this information on the eve of the new meeting of the country's delegations, which will be held in Istanbul on May 10-11.   During May 1-7 (the 40th week of operation of the grain corridor), the volume of...

At a meeting in Strasbourg on May 9, the European Parliament by a majority of votes supported the extension of duty-free trade with Ukraine for another year, starting from June 6, 2023. 537 deputies voted for this decision, 42 voted against it, and another 38 abstained.   "The aggression of the Russian Federation against Ukraine continues, so we need to continue economic support for Ukraine, which, moreover, received the status of a candidate country in June 2022. In view of...

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 3700 3317 Mustard seeds 60000 925 ↓ 50 Sugar beet pulp gran 9500 Corn 7000 4924 ↓ 39 5209 ↓ 14 181 ↓ 1 ...

After falling last week, wheat quotes are gradually recovering on data about the delay in planting spring wheat in the US, news about the blocking of exports from Ukraine and doubts about the extension of the grain agreement.   In 2022/23MR, Ukraine exported 14.5 million tons of wheat, which corresponds to the USDA forecast, but during the next 2 months, it could still ship 1-2 million tons of wheat. The ban on wheat supplies to the EU countries neighboring Ukraine and the...