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In a new report the USDA again lowered its forecast for vegetable oil production
11.02.2022
In the February balance sheet for oilseeds, USDA experts, as in the January report, again lowered the forecast for global vegetable oil production in 2021/22 MG, reducing the production estimate for soybean oil and increasing it for rapeseed. Analysts had expected a more significant decline in the forecast for soybean oil production amid a deterioration in estimates of the soybean harvest in South America. Compared to the January report, the new oilseed balance sheet for my 2021/22...
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The decline in demand continues to lower wheat quotes on world stock exchanges
11.02.2022
The new USDA balance sheet with reduced forecasts for wheat production and final stocks surprised traders, as export forecasts for the EU and Russia were not reduced, which means that the stocks of these exporters will grow. The market reacted to the report's data with a decline in quotations, which continued yesterday. Export sales of wheat from the United States for January 28 – February 3 fell to 84.7 thousand tons, which is significantly lower than expert...
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South American crop forecasts are declining due to drought,but rain is expected soon
11.02.2022
The drought caused by the La Niña phenomenon in Argentina and southern Brazil continues to reduce the potential of the soybean and corn crop, so the weather factor remains the main driver of price growth. However, in the near future, rain will fall in these regions, as well as in the winter wheat growing zone in the United States, which will somewhat reduce the pressure on quotes. In the south of Brazil, heavy rains are expected within 7-10 days, which will favorably affect...
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Purchase prices for grains in Ukraine on February 11, 2022
11.02.2022
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 CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Vetch 20000 Wheat mill offals 3600 Peas 10950 14000 325 Rye 7500 6200 218 Rye grade III 7500 Rye grade IV...
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USDA downgrades South American soybean crop forecast less than analysts expected
10.02.2022
In the New Balance of supply and demand, USDA experts, as in January, continued to lower forecasts for the soybean harvest in South America due to the drought in the southern regions. However, the estimate was lowered less than analysts expected. In addition, forecasts for soybean consumption and imports for China were lowered, which will increase pressure on oilseed prices in the near future. Compared to the January report, the New World balance sheet for oilseeds for my...
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The USDA corn balance did not meet traders ' expectations and postponed the intrigue to March
10.02.2022
Analysts had expected USDA experts to significantly lower their corn crop forecasts for South America, imports for China, and final inventory estimates in a February report. However, the balance sheet data has changed quite slightly compared to January, so the main intrigue is postponed to March, when more information about the harvest in South America will be received. For the US, the balance sheet was also almost unchanged, although analysts had expected an increase in ethanol...
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USDA experts surprised the market with a lower forecast of global wheat production and stocks
10.02.2022
In the February wheat balance sheet, USDA experts unexpectedly lowered their forecast for global wheat production and stocks for the market, although analysts expected an increase in crop estimates for Argentina and Australia in line with forecasts from local agencies. Compared to the January report, the new world wheat balance sheet for my 2021/22 made the following changes:: Rating initial inventory increased by 1 million tons to 289.87 million tons (295.99...
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Purchase prices for grains in Ukraine on February 10, 2022
10.02.2022
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 CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Vetch 20000 Wheat mill offals 3600 Peas 10950 14000 325 Rye 7500 6200 218 Rye grade III 7500 Rye grade IV...