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The Russian occupiers stole more than $600 million worth of grain and oil from Ukraine
15.07.2022
During the discussion "100 days since the invasion of the Russian Federation: the current state and prospects of food security and agricultural markets in the world", experts of the KSE Institute Center for Food and Land Use Research reported that the Russian invaders stole grain, oil crops and oil from Ukraine in the total amount of more than 600 million $. There is more and more evidence of Russians exporting grain from the occupied regions of Kherson and Zaporizhzhia...
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Wheat prices fall despite forecasts of a lower crop in the EU and record export sales in the US
15.07.2022
Wheat quotations on world exchanges continue to fall, not reacting to forecasts of a reduction in production and activation of demand. Based on preliminary harvest data, the Strategie Grains agency lowered its estimates for the EU grain harvest yesterday due to excessively dry weather. Thus, the forecast for the wheat harvest in the EU in 2022 was reduced from 124.4 to 123.3 million tons (129.9 million tons last year), although the initial estimate exceeded 135 million tons. At the...
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Purchase prices for grains in Ukraine on July 15, 2022
15.07.2022
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, $ DAF, $ CIF, $ Vetch 2900 Wheat mill offals 1250 Mustard seeds 30000 1350 Rye 4000 Rye grade II 4000 Green peas 20000 ...
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Vegetable oil prices fall 6-10% on USDA report and forecasts of lower demand in China
14.07.2022
According to forecasts, global production of vegetable oils increased slightly, and trade decreased due to a decrease in palm oil exports from Malaysia. Consumption was largely unchanged, as increased sunflower oil consumption in the EU offset declining palm oil consumption in the EU and some African countries. Ending stocks rose 1% amid rising soybean and sunflower oil prices. Compared to June estimates, USDA's July balance sheet for vegetable oils underwent the following...
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Despite a slight decrease in the oil production forecast, stock market quotations fell sharply
14.07.2022
In the July balance sheet, USDA experts lowered forecasts for global production and stocks of oilseeds in FY 2022/23, in particular soybeans in the United States, as well as estimates of imports and consumption of soybeans in China, which led to a sharp drop in prices for oilseeds and their processing products. In comparison with the June report , the oil balance for 2022/23 MR underwent the following changes: The forecast for world production of oilseeds was reduced by 3.75...
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Purchase prices for grains in Ukraine on July 14, 2022
14.07.2022
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, $ DAF, $ CIF, $ Vetch 2900 Wheat mill offals 1600 Mustard seeds 30000 1350 Green peas 20000 Corn 3596 160 214 ↑ 5 262 ↑ 9 Flax ...
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Wheat quotes fall, despite USDA's worsening wheat balance sheet
13.07.2022
The expectation of a recession in the world economy and the withdrawal of funds from commodity assets by investors increases the pressure on world prices for grain and oil crops. Wheat prices also declined, even as global production and ending stocks were downgraded. The wheat balance for the 2022/23 MR has undergone the following changes compared to the June report: The estimate of initial reserves was increased by 0.7 million tons to 280.1 million tons (291.57 million tons...
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Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report
13.07.2022
Pessimism in the world markets, caused by the slowdown in the development of the world economy due to new outbreaks of Covid-19 and a possible economic crisis in the EU, and in particular in Germany, due to the stoppage of gas supplies from Russia, led to the collapse of oil prices. September futures for Brent oil fell 7.8% yesterday to the lowest level since April - 99.51 $/barrel, and for WTI oil - 7.9% to a 3-month low of 96.48 $/barrel. Against this backdrop, corn also fell...