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The oil market continues to see sharp price spikes, but vegetable oil markets have barely reacted to the 15% increase in oil prices in a week, as global oilseed balances have improved and supply continues to grow.   September Brent crude futures rose 15% to $85/barrel in 7 days (+18% in two weeks) amid the cancellation of the ceasefire between Iran and the US and the resumption of war in the Middle East with Iran's shelling of ships in the Strait of Hormuz and neighboring...

According to Bloomberg, the Chinese authorities plan to allow their private processors to import Australian rapeseed in order to normalize trade relations with Australia, which have remained quite tense for several years.   This week, several businesses will be able to apply for import permits under a pilot program that will be a preparatory stage before the signing of an intergovernmental agreement to resume trade.   Recall that in 2020, China banned the import of canola...

Rainy and cool weather this week in Ukraine has slowed the ripening and harvesting of barley in the central and western regions, reducing supply pressure and leading to a stabilization of export prices.   Rising prices for corn and barley in Europe and restrictions on grain supplies from the Russian Azov ports should have supported export prices more strongly, but heavy shelling of Black Sea ports is reducing trader activity.   As of July 13, 1.842 million tons of barley...

According to Oil World, during June, palm oil stocks in Malaysia rose from 2.43 million tons to a 4-month high of 2.54 million tons, compared to 2.03 million tons at this time last year.   The reason was the low rate of oil exports from the country (1.2 million tons were shipped in June compared to 1.26 million tons in June 2025) and an increase in imports to 103 (70) thousand tons.   Crude palm oil production in June increased compared to May from 1.52 to 1.64 million...

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 FCA, $ CPT terminal, $ DAF, $ CIF, $ Wheat mill offals5500Mustard seeds35000Peas11250Coriander32000Corn1057590099300 ↑ 157213215Flax625Chickpea24000Rape-seed oil1000Sunflower oil12601117Wheat, grade I10000Wheat grade II104769235 ↑...

Successful strikes by the Ukrainian Armed Forces on ships in the Sea of Azov blocked the logistics and export of Russian grain from Azov ports and led to an increase in wheat quotes on EU and US exchanges, which has not yet supported prices in Ukraine.   On US exchanges, wheat prices continue to grow actively for the second week in a row on forecasts of a reduced harvest in the US and the EU and a possible reduction in supplies from the Russian Federation and...

Despite a significant improvement in the global oilseed balance in the 2026/27 MY, in particular an increase in the forecast for global rapeseed production to a record level, rapeseed quotes resumed growth yesterday amid a surge in oil prices caused by the resumption of the war between the US and Iran .   September Brent crude futures rose 10% yesterday to $83.5/barrel (+16% for the week, +1.8% for the month), significantly supporting oilseed markets.   In the July report,...

Following the end of a 60-day ceasefire between the US and Iran, President Trump yesterday officially notified Congress that the US is at war with Iran. This allows Trump to use US military forces in the region for another 60 days without congressional approval.   Trump also stated that the US military strikes launched on July 7 were "military actions consistent with his duty to protect Americans and US interests both at home and abroad." In addition, the US is renewing its...