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Traders moved from speculative selling of wheat contracts to active buying
27.03.2023
Speculative price jumps continue on wheat exchanges, due to traders' efforts to find reliable assets where it is most profitable to invest in anticipation of a crisis. Last week, traders actively sold agricultural assets, including wheat contracts, as a result of which prices fell to a 15-month low. However, there are no fundamental reasons for such a fall, so it is purely speculative in nature. On the news about Russia's intentions to limit the export of wheat, stock...
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Wheat, rape and corn on Euronext rose in price by 4.8-5.9% on rumors of a possible restriction of exports from the Russian Federation
27.03.2023
During the last month, on the Euronext exchange, quotations for wheat and corn fell by 15%, and for rape - by more than 30% against the background of active selling of futures by traders. Taking profits from falling prices, traders began to buy back previously sold contracts at the end of the week, which led to a slight increase in quotations. However, information about Russia's intentions to limit the export of certain crops led to a speculative jump in prices by 4.8-5.9%. The...
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Purchase prices for grains in Ukraine on March 27, 2023
27.03.2023
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 2967 Mustard seeds 60000 44000 Peas 8253 10000 Buckwheat 111 Corn 7400 5969 6850 5507 ↓ 389 200...
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Ukrzaliznytsia has banned the transportation of grain in semi-cars with "improper attachment of shelter"
24.03.2023
Ukrzaliznytsia has banned the transportation of grain in semi-wagons where the fastening of the protective cover does not meet the requirements of the SMGS. According to the decision No. ЦСМ-14/49 dated 21.03.23, in the regional branches of JSC "Ukrzaliznytsia" it is forbidden to use technical documentation that provides for the attachment of a protective cover on the outside of the car, as this violates traffic safety and leads to spoilage or loss of grain during transportation....
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Soybean oil prices have fallen 10% since Monday, following a drop in prices for other vegetable oils
24.03.2023
The collapse of oil prices shocked the world market, since there are not many fundamental reasons for the sharp drop in quotations, and the main factor of pressure was technical sales and the transition of traders from agricultural products to other assets against the background of signs of a banking crisis in the USA and the EU. On Wednesday, the US Federal Reserve increased the base interest rate by 25 bps. to 4.75-5% per annum, which is the highest level since 2006, when it...
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The rains have started in Argentina, and the rains are getting weaker in Brazil
24.03.2023
Traders are closely watching the weather in South America, where the weather has a significant impact on the soybean and corn markets. Harvesting has begun in Argentina, and the weather remains unfavorable for crops. In the coming days, there will be showers in the country, especially in the northern regions. But they will not be able to improve the condition of drought-damaged soybean and corn crops. Dry and hot weather will return to the country next week, which will continue to...
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Purchase prices for grains in Ukraine on March 24, 2023
24.03.2023
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 2967 Mustard seeds 60000 44000 Peas 8253 Buckwheat 111 Corn 7450 6248 6850 5896 ↓ 104 200 ↑...
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USDA predicts a doubling of sunflower oil imports from Ukraine and the Russian Federation to China in 2022/23
23.03.2023
China's vegetable oil production will grow from 28.4 million tonnes in FY 2022/23 to 29 million tonnes in FY 2023/24, thanks to increased production of soybeans, canola and peanuts, according to USDA's FAS report on oilseed markets. Soybean oil remains the main domestically produced vegetable oil in China. In FY 2023/24, its share in the total production of vegetable oils will be 58.7%, while the share of rapeseed oil is 24.1%, and peanut oil is 11.3%. The...
