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Oil prices tumbled 9.7-11% last week amid a slowdown in the global economy due to high interest rates and a tightening of monetary policy by the Fed, as well as expectations of reduced oil demand due to the spread of Covid-19 in China. Following them, prices for vegetable oils fell, in particular, palm oil fell in price by 11.3% for the week.   January Brent oil futures during the week fell by 9.7% to $87.6/barrel (-4.2% for the month), and December WTI oil futures fell by 11.2% to...

As of November 18, 62.32 million tons of major agricultural crops were harvested in Ukraine from 16.79 million hectares or 81% of the area. We will remind that in 2021 the harvest of grain, leguminous and oil crops in Ukraine amounted to a record 106 million tons, in particular oil crops - 22.6 million tons, and grain and leguminous crops - 84 million tons (32.4 million tons of wheat, 40 million tons corn, 10 million tons of barley, 581.5 thousand tons of peas, 191 thousand tons of millet, 110...

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, $ Wheat mill offals 3927 160 Mustard seeds 65000 1190 Peas 9200 9000 ↑ 1500 290 Rye 5000 220 Coriander 35000 Corn 5120 ↑...

In the current season, the weather in Ukraine was not conducive to obtaining a good harvest, as precipitation was very uneven, low temperatures delayed the development of crops, and long autumn rains prevented the harvesting of late crops and the sowing of winter crops.   According to the Ministry of Agriculture, 4.4 million hectares or 92% of the planned areas were sown with winter crops in Ukraine, in particular: wheat - 3.7 million hectares or 93%, barley - 600 thousand hectares...

UN Secretary General Antonio Guterres, and later the presidents of Ukraine and Turkey, announced that the grain agreement, which expires on November 19, has been extended for another 120 days.   There was no official confirmation from the Russian side, but the press secretary of the President of the Russian Federation, Peskov, said that the UN had guaranteed Russia the completion of efforts to ensure the export of Russian food and fertilizers. And the USA, EU and Great Britain in a...

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, $ Wheat mill offals 3927 ↑ 267 Mustard seeds 65000 1190 Peas 9200 7500 290 Rye 5000 220 Rye grade II 8775 Rye grade IV 7700...

China, the world's largest producer and consumer of soybean meal, plans to begin large-scale imports from Brazil in the face of domestic shortages, but market participants doubt processors will import even if they are allowed to do so.   The decrease in the volume of soybean imports to the PRC began as early as July 2022, which led to a reduction in the supply of soybean meal in the domestic market and an increase in prices.   According to Chinese customs, soybean...

The grain agreement was concluded by the UN with the Russian Federation and Ukraine through the mediation of Turkey on July 22 for 120 days, and its validity period ends on November 19. If neither party announces a cancellation, the agreement is automatically extended for another 120 days. Ukraine insists on the extension of the agreement, while the Russian Federation puts forward new conditions, which negatively affects world wheat prices and complicates supply planning.   According...