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Soybean exports from Brazil will increase sharply in February, which will lead to a decrease in demand for US soybeans
15.02.2023
Brazil significantly increased soybean exports in the first weeks of February. The volume of deliveries has increased by 3.5 times, and now the country is ready to send up to 8-9 million tons of product per month. This is happening in conditions when the entire world export of soybeans for January amounted to about 10 million tons. In the first two weeks of February this year, soybean exports from Brazil reached 1.3 million tons, which is 362.2% higher than the same figure for the...
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Sabotage of the Russian inspection group leads to an increase in the grain corridor queue
15.02.2023
The number of ships waiting to pass through the grain corridor has increased to 145 due to the sabotage of the inspection team from Russia. According to information provided by the Ministry of Infrastructure of Ukraine, the number of vessels arriving to load grain continued to decrease last week, while the number of vessels in the queue increased due to obstacles created by Russian inspectors at the SCC. Last week, the Black Sea ports of Ukraine received only 16 vessels, while in...
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Purchase prices for grains in Ukraine on February 15, 2023
15.02.2023
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 2000 Mustard seeds 60000 1240 Peas 6407 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12 Rye...
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Corn prices continue to be supported by planting delays in Brazil and lower crop forecasts in Argentina
14.02.2023
Corn prices remain high thanks to the speculative support they receive from news from South America. Local analysts continue to cut crop forecasts in Argentina, while delays in second-crop corn planting in Brazil also contribute to supporting quotes. Low rates of corn exports from the US continue to exert strong pressure on prices, and if weather conditions improve in Argentina and Brazil, there may be some price pullback against the background of increased deliveries from...
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Wheat prices are supported by forecasts of a reduced harvest next season
14.02.2023
Strong export sales over the past few months have confirmed importers' fears that next season's wheat harvest in major exporting countries could shrink and wheat prices could rise sharply. Agritel Grain experts estimate that the main seven wheat exporters have shown record shipments from October 2022 to January 2023 and that the world market will show record export sales by the end of the current season. At the beginning of February 2023, the main seven wheat exporters have...
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Purchase prices for grains in Ukraine on February 14, 2023
14.02.2023
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 2250 Mustard seeds 60000 1240 Peas 6407 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12 Rye...
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The global balance of vegetable oils has practically not changed despite the decrease in the forecast for soybean production
13.02.2023
The world balance on vegetable oils in February for 2022/23 MR, as in January, almost did not change, although analysts expected a more significant decrease in the forecast of world production due to a drop in soybean production in Argentina. Compared with the January report, the global balance of vegetable oils for FY 2022/23 underwent the following changes: The forecast of world production of oils was reduced by 0.04 million tons to 217.58 million tons, which will exceed the...
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Record export of Ukrainian soybeans in January 2023
13.02.2023
January brought a record level of export of Ukrainian soybeans. 406 thousand tons of soybeans were exported by Ukrainian companies, which is the highest monthly export in recent years. Compared to the previous month, the export of soybeans increased by 50,000 tons, and compared to January last year, it doubled. In January 2022, Ukrainian soybean exports amounted to only 135,000 tons. Total soybean exports have increased significantly since November 2022. The main reason for the increase in...
