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Despite Malaysia's crude palm oil production increasing in July to the highest level since September 2024, as well as the growth of palm oil inventories in Malaysia to a nearly two-year high, futures continue to rise amid China's decision to limit Canadian canola supplies and rising prices for sunflower oil from the Black Sea region.   October palm oil futures on the Bursa Malaysia exchange rose 4.2% to 4,435 ringgit/t (about $1,055/t) on Monday (after the release of...

According to the EIA's weekly report released on Wednesday, US crude oil inventories rose by 3.04 million barrels between August 2 and 8 to a 2-month high, although they remain 5.1% below the 5-year seasonal average.   The US Environmental Protection Agency (EIA) on Tuesday raised its forecast for a global oil surplus in 2025 from 1.1 million barrels per day to 1.7 million barrels per day, and expects a global oil surplus of 1.5 million barrels per day in 2026.   The...

There is still very strong nervousness on the Ukrainian rapeseed market, associated with uncertainty about the timing of the introduction of export duties (which were voted on by parliament but not signed by the president), as well as the day before yesterday's drop in stock quotes caused by China's introduction of duties on Canadian canola.   November canola futures in Winnipeg, after a sharp drop of 4.6% on Tuesday, rose 1.5% yesterday to 660 CAD/t or 480 $/t, followed by...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF The USDA report came as a surprise to the corn market due to an increase in the production forecast in the US by 26 million tons and in Ukraine by 1.5 million tons, which led to a 3.8% drop in futures. In the global wheat balance, the USDA lowered estimates for global production and stocks, but wheat futures fell under pressure from falling corn...

In the August world oilseed balance for the 2025/26 MY, FAS USDA experts lowered the forecast for world oilseed production compared to July estimates by 3.3 million tons to 690.11 million tons, which will still be 1.2% higher than the previous season's figure of 681.76 million tons (in the 2023/24 MY - 658.08 million tons).   The forecast for world soybean production was reduced by 1.29 million tons to 426.39 (424) million tons due to a decrease in the estimate for the USA...

China's Ministry of Commerce said that the anti-dumping investigation initiated in September 2024 found that Canada's agricultural sector, particularly the rapeseed industry, benefited from significant government subsidies and preferential policies, so starting from August 14, 2025, China will impose preliminary anti-dumping duties on imports of Canadian rapeseed at a rate of 75.8%.   This came as a complete surprise to the market, and November canola futures fell 4.6%...

The USDA's August report came as a big surprise for the corn market, especially the American one, as experts sharply increased the forecast not only for yield, but also for the area sown in the US, as a result of which the estimate of US production was increased by 26 million tons, although analysts expected an increase of 7 million tons.   The USDA raised its forecast for U.S. corn yields from 181 to 188.8 bushels/acre (11.79 t/ha), while analysts had expected an increase to...

In the August supply and demand report, USDA experts lowered the forecast for global wheat production and ending stocks for the 2025/26 MY to the lowest level since 2015/16.   Despite the worsening balance, wheat stock quotes fell by 1-2% and are trading 3.7-7% cheaper than a month ago, responding to the “explosive” updated world corn balance, in which USDA experts immediately increased the production forecast for the US by 26 million tons.   September wheat...