News

AgRural experts report that Brazil has begun harvesting soybeans, which as of January 5 threshed 0.04% of the planned area, down from last year's 0.2% due to excessive soil moisture. Ahead of the release of the new report, the USDA representative in Brazil raised the country's 2022/23 soybean production forecast to 153 million tons, compared to 152 million tons in the December report. In December, AgRural experts estimated it at a record 153.6 million tons compared to 127 million tons...

Malaysian experts expect crude palm oil (CPO) prices to decline in 2023 under the pressure of increased supply and falling demand.   The fall in palm oil prices in 2022 has significantly increased the pressure on soybean and sunflower oil quotes, even despite the supply problems that have arisen during the year.   Currently, March palm oil futures on the Malaysian exchange are trading at 3,909 ringgit/t or $895/t, and March Chicago soybean oil futures are at $1,379/t,...

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 3200 170 Mustard seeds 1240 Peas 4860 9000 265 ↓ 18 Rye 195 ↓ 18 Corn 7600 ↑ 100 5830 ↓ 50 5200 5514 ↑ 26...

Olive oil prices in Spain continue to rise, continuing the trend that formed last October. Over the past few weeks, growth has accelerated, and quotes may soon reach record levels.   During the period from November 28 to December 19, prices for extra virgin olive oil rose from €4,951/t to €5,348/t. The Association of Young Farmers of Jaen (the main market for olive oil in the country) reported that between December 12 and 19, prices for first-press olive oil in Jaen, the...

Russian wheat remains the cheapest on the world market as sellers are willing to cut prices to boost sales, adding pressure on quotations amid forecasts of a record wheat harvest in Australia.   At the January 10 tender, the state-owned Egyptian operator GASC received 6 offers for Russian wheat at a price of $337-345/t C&F and one offer each for French and Romanian wheat at a price of $351.82 and $350.19/t C&F, respectively.   As a result of the auction, GASC...

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 3200 170 Mustard seeds 1240 Peas 4860 9000 265 ↓ 18 Rye 195 ↓ 18 Corn 7550 ↑ 50 5880 ↑ 3 5200 5514 ↑ 79 202...

January rapeseed prices continued to slide, with February rapeseed futures yesterday in Paris down 2.3% to €564.25/t or $605.4/t, in line with last month's level but down 2 .5% less than the level of last year and 3.5% less than the level at the beginning of the year. Canola is entering the global market from Canada and Australia, putting pressure on prices, especially given the projected increase in planted areas in the EU.   According to Oil World forecasts, in 2023 EU...

The approaching harvest of soybeans in South America increases the pressure on the prices of soybean oil, which remains the most expensive on the world market. However, the quote is supported by the weather and uncertainty with the soybean crop in Argentina, where thanks to the rains in December, 82% of the planned area was planted with soybeans (94% last year and 93% in the 5-year average), and 62% of the crops are in good or satisfactory condition.   In addition, sunflower harvest...