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The OPEC+ countries supported the decision proposed by Saudi Arabia and the Russian Federation to cut oil production by 2 million barrels/day starting in November, which led to a further increase in quotations. The United States reacted negatively to this, which is trying to limit the prices of oil and agricultural crops in order to slow down inflation and support the world economy. The White House called such a decision "a mistake that shows that OPEC+ has followed Russia's...

Against the backdrop of significant shipping costs, demand prices for wheat in Ukrainian ports remain at the level of $200-240/t FOB, although world prices reach $290-330/t FOB. Recently, representatives of the Russian Federation conducting a joint inspection of ships that are heading through grain corridors deliberately slow down the inspection. This increases the idle time of vessels and, accordingly, the cost of their freight. Due to the delay of the ships, some terminals have stopped...

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 700 Mustard seeds 65000 Coriander 35000 Corn 3550 5238 ↑ 100 192 213 ↓ 2 213 ↓ 2 252 ↑ 2 Oats ...

News about the intentions of Saudi Arabia and the Russian Federation at today's meeting of OPEC+ to agree to cut production immediately by 1-1.5 million barrels/day led to a speculative increase in oil prices, which supported vegetable oil markets. The first to react, as usual, were quotes for palm oil, which rose by 5.5% since Monday.   December Brent oil futures rose by 7.7% to $91.8/barrel (+10% for the week) from Monday, and November futures by 8.8% to $86.5/barrel (+12% in a...

Despite an increase in EU canola crop forecasts, canola and canola quotes continued to rise this week following higher oil prices.   Oil is rising ahead of the OPEC+ meeting, at which Saudi Arabia and the Russian Federation may lower production plans to stabilize prices after their significant fall in September.   The weather in Canada favors the harvesting of late crops, in particular canola, which reduces the impact of the weather factor on...

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 700 Mustard seeds 65000 44000 Coriander 35000 Corn 3550 5138 ↓ 5 192 213 ↓ 2 215 ↓ 18 257 ↑ 7 Flax ...

In September, Ukraine exported 4.3 million tons of grain crops, which corresponds to the level of exports of the previous two months. This is very annoying to the authorities of the Russian Federation, since Russia exported only 4.4 million tons of grain in September.   The total export of grain and oil crops, according to the All-Ukrainian Agrarian Council, amounted to 6.9 million tons in September, which practically corresponds to the pre-war level, although not all port...

Thanks to the unblocking of the Black Sea ports, Ukraine is increasing its corn exports, but rumors about the possible suspension of grain corridors after November 20 stopped the growth of purchase prices.   Corn prices in Ukraine are 50-70 $/t lower than world prices, so if exports through sea ports continue, they will have the potential for growth. In the near future, they will be supported by increased demand from EU countries, which are increasing imports.   In...