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Indian authorities predict that due to early summer and heat in March and April, wheat production in 2021/22 MY will fall by 5.7% to 105 million tons (107.86 million tons in 2020/21 MY), so banned wheat exports.   The country's Ministry of Trade and Industry said the ban would take effect immediately, but exports would be allowed "in the case of supplies accredited before the ban" and on the basis of government permits to meet other food security needs in the event of...

On May 12, USDA experts updated the balance of supply and demand of corn for 2021/22 MY, which sharply increased the estimate of production and final stocks, while in the balance for 2022/23 MY forecasts of production, consumption, exports and final stocks significantly decreased. This will increase the pressure on the prices of the old harvest, but will support the prices of the new harvest, which are likely to rise to the current level.   It is expected that in 2022/23 MY world...

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 FCA, UAH FOB, $ DAF, $ CIF, $ Wheat mill offals 1550 Corn 6085 5539 247 ↑ 3 257 ↓ 17 rapeseed cake 10500 10000 Sunflower- oil 54000 1218 ↓ 2 1750 ↑ 150 Wheat grade II 310 344 Wheat grade III 6000 250 Wheat...

USDA experts predict that in 2022/23 MY, world oil production will increase by 8% compared to 2021/22 MY to 647 million tons, primarily due to increased production of soybeans in South America and the United States, and rapeseed in Canada and the EU, which compensates for the reduction in sunflower production in Ukraine and Russia. Thus, world soybean production will grow by 13% or 45 million tons to 395 million tons.   World consumption of oilseeds will increase by 3%, primarily...

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 FCA, UAH FOB, $ DAF, $ CIF, $ Wheat mill offals 1550 Corn 6085 5574 244 259 ↓ 16 rapeseed cake 10500 10000 Wheat flour, extra class 450 Sunflower- oil 51000 1340 ↓ 95 1453 ↓ 151 Wheat grade II 310 344 Wheat...

In yesterday's balance of wheat for 2022/23 MY USDA experts lowered the forecast of production and final stocks more than analysts expected, which led to an increase in prices by 2.6-5.9%.   Stock futures rose yesterday: 5.9% or $ 24.16 / t to $ 433.1 / t - July futures for soft winter SRW wheat in Chicago, 5.8 or $ 25.5 / t to $ 466.6 / t - July futures for winter hardwood HRW wheat in Kansas City, 4.8% or $ 22.05 / t to $ 482 / t - September HRS wheat durum futures in...

The heat in the United States and Northern Europe, which set in this week, is exacerbating moisture shortages in wheat crops, leading to another jump in stock quotes.   Ukraine still has problems with exports, and so far there are no prospects for unlocking ports. However, Biden's statement on the need to lift the naval blockade of Ukraine's ports to launch nearly 20 million tonnes of grain to lower world prices gives hope that UN-sponsored international organizations will be...

The European Union is finalizing a plan to promote land food exports from Ukraine amid Russia's blockade of Black Sea ports. The European Commission is working on technical solutions that will speed up the supply of vegetable oils, wheat and corn, which are the main export positions of Ukraine. Europeans are worried about logistical problems, which may prevent the use of alternative routes through neighboring countries, because despite the steps taken to remove trade barriers,...