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The June USDA WASDE report on soybeans was quite bearish, while data from the Oilseeds: World Markets and Trade report was broadly neutral for the market. However, soybeans and soybean oil prices rose sharply at the end of the week, supported by both forecasts of hot weather in the US in the coming weeks and lower US soybean oil inventories.   July soybean futures rose 1.7% to $509.1 a ton (-0.3% for the month) on Friday after the reports on the Chicago Stock Exchange, but were down...

The Russian Federation continues to block Ukrainian grain exports, but the UN and Turkey are unable to convince the Russian Federation to stop delaying vessel inspections, leading to uncertainty over the further operation of the grain corridor after July 18.   According to Deputy Minister of Infrastructure Yuriy Vaskov, the Zernova initiative is operating at less than 20% of its normal capacity due to the position of the Russian Federation in the Joint Coordination Center, and the...

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 4350 ↑ 50 120 Mustard seeds 60000 Rye grade IV 4400 Sugar beet pulp gran 9500 Corn 4833 ↓ 67 ...

Despite an upbeat soybean balance sheet from the USDA and a good outlook for the new crop in the US, traders increased the number of contracts as their main focus is on the soybean harvest in Argentina. July soybean futures rose 1.7% to $509.1/t on Friday (-0.3% for the month), and November futures rose 1.3% to 442, according to a report on the Chicago Stock Exchange. .5 $/t (-1.6%).   In the June report, major adjustments were made to the balance sheet for FY 2022/23, while the...

In June's 2023/24 corn supply and demand balance sheet, USDA experts again raised estimates for production, consumption, exports and ending stocks, but quotes barely responded, falling only 0.5-1%.   In the balance for 2022/23 MR, the production forecast for Brazil has been increased by 2 million tons to 132 million tons, which will exceed the analyst estimate of 130.93 million tons and compensate for the decrease in the forecast for Argentina by 2 million tons to 35 million...

In a June report, USDA experts sharply raised their 2023/24 wheat production, consumption and inventory forecasts. Such a "bearish" report could collapse quotations by 3-5%, however, due to a large discrepancy with analysts' estimates, prices almost did not change. In two months, quotes have fallen 6-8% to their lowest levels since 2021, and US crop forecasts remain at 2021 and 2022 levels.   Compared to the May estimates, the wheat balance for 2023/24 MR underwent the...

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 CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4300 135 200 Mustard seeds 60000 Sugar beet pulp gran 9500 Corn 4900 4415 ↓ 300 170 ↓ 2 180 196 Sunflower oil cake 6800 ...

The approach of the new season, the unstable operation of the grain corridor, the continuation of the EU ban on the supply of agricultural products from Ukraine to 5 neighboring countries forces traders to think about the prospects of the Ukrainian rapeseed harvest in 2023/24 MR.   In the May report, the experts of the MARS agency increased the forecast of rapeseed yield in Europe in 2023/24 MR from 3.31 to 3.34 t/ha (3.33 t/ha last year) in comparison with the April estimates. It is...