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Hot weather forecasts in Western Europe and the United States may support grain prices
17.06.2022
As the harvest matures, weather factors increasingly affect prices, and a new wave of heat in the United States and Europe could damage crops and support grain and oilseed prices. In Western and Southern Europe, dry and hot weather prevails, which does not promote the development of late crops, but accelerates the ripening of winter wheat and the beginning of its harvest. This weather will last for another 3-5 days, and then there will be rain, which will reduce...
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US stock indexes collapsed after a sharp rise in the discount rate
17.06.2022
After the Fed's largest discount rate since 0.75% since 1994, major US stock indexes fell 2-4% on June 16. Thus, the Dow Jones index fell by 741.46 points or 2.42% to 29,927.07 points, the S&P 500 - by 123.22 points or 3.25% to 3666.77 points, Nasdaq - by 453 , 06 items or 4.08% to 10,646.10 items The collapse of stock and cryptocurrency markets is forcing investors to invest in commodity assets, leading to rising oil and agricultural prices. Therefore, yesterday futures...
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Purchase prices for grains in Ukraine on June 17, 2022
17.06.2022
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 1500 Rye grade II 6500 Corn 5338 ↓ 137 4869 190 228 ↓ 5 266 ↓ 2 Wheat flour, extra class 335 Sunflower- oil 37533 1650 1225 ↓ 106...
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Soybean prices are falling amid declining demand from China
16.06.2022
Due to the decline in soybean exports from Brazil to China, the fall in stock prices slowed as the market received support in the form of increased domestic soybean processing in the United States and Brazil. According to Oil World, in May, Brazil reduced soybean exports compared to the same period last year from 14.9 to 3-year low for this period -10.6 million tons, including China - from 10.1 to 6.4 million tons, the EU - from 1.5 to 1.4 million tons, Turkey - from 627 to 296...
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Accelerating canola sowing in Canada is increasing pressure on rapeseed prices
16.06.2022
In Canada, the weather in the spring was not very favorable for sowing canola: in some regions there was a drought, in others it rained excessively. This worried traders, so canola and rapeseed prices remained high. However, the completion of sowing in Canada and the improvement of crops in Ukraine and Australia have reduced speculative pressure on quotations. In the province of Manitoba on June 12, canola planted 87% of the area (99% on average over 5 years). In Alberta, 98.7% of...
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Purchase prices for grains in Ukraine on June 16, 2022
16.06.2022
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 1500 Rye grade II 6500 Corn 5475 4908 190 233 ↓ 3 255 ↓ 13 Wheat flour, extra class 335 Sunflower- oil 37533 1650 1650 Wheat grade...
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Ukraine has started harvesting, but it is unclear how it will be exported
15.06.2022
This year's harvest in Ukraine will be very difficult: fighting is going on in the south and east, and Russian troops are stealing grain from the occupied territories. In addition, the drought will significantly reduce yields, and significant stocks from last year's harvest and blocked ports will hamper storage and sales. Winter barley was harvested in the Izmail district of Odesa region this week. The representative of the Hydrometeorological Center T. Adamenko considers...
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Reducing the price of palm oil increases the pressure on the prices of other vegetable oils
15.06.2022
The palm oil market is under pressure from increased supplies from Indonesia, which is trying to get rid of the remnants accumulated during the export ban. During the week, quotations on palm oil fell by 10.5%, which increased the pressure on neighboring markets for soybean and sunflower oil. After falling for a week, August futures for palm oil on the Malaysian stock exchange Bursa yesterday against the steps of Indonesian authorities to stimulate exports rose 0.9% to 5848 ringgit...