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Rising oil prices support vegetable oil prices
05.10.2021
Yesterday, oil prices accelerated growth, and December Brent crude futures on the London ISE Exchange rose 3.4% to the highest level since October 2018 - 8 81.98/barrel, although before the end of trading they fell to 8 81.6/barrel. The oil market is supported by high gas prices, which in Europe reached 1 1,200/thousand m3 and the decision of OPEC+ countries to leave unchanged the previously agreed plans, according to which oil production will grow by only 400 thousand barrels/day...
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Russia's intentions to restrict wheat exports keep prices for Black Sea grain at a high level
05.10.2021
Markets expected that favorable weather and the completion of spring wheat harvesting in Russia, Canada and Kazakhstan would lead to lower prices, but this did not happen. Lower forecasts for wheat production in the United States and news about Russia's intentions to limit exports from February 2022 provided strong support for quotes. The pace of wheat shipments by major exporting countries due to high prices is still lower than last year. Starting from February 15, 2022, the...
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Purchase prices for grains in Ukraine on October 5, 2021
05.10.2021
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 5100 Mustard seeds 22000 5800 Peas 9600 9000 6367 300 Buckwheat 22000 Rye grade II 5100 ...
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Wheat stock prices ended the week with rapid growth
04.10.2021
The decline in the estimate of US wheat stocks and production in 2020/21 MG provided strong support to the market, thanks to which wheat quotes in Chicago and Kansas increased by 6.3-6.7% in two sessions. The funds increased the number of short positions on wheat by 4,324 to 9,815 contracts, and long positions – by 7,093 to 46,127 contracts, which indicates an increase in demand for wheat and a possible further increase in prices. December US futures...
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Prices for vegetable oils turned down after reaching a monthly high
04.10.2021
Last week, the growth of vegetable oil prices on world markets accelerated amid high oil and gas prices and in anticipation of increased demand. After the recent decline, oil and gas prices resumed their growth, which led to an increase in palm oil prices to record levels. December palm oil futures on the Malaysian stock exchange on Thursday rose 3.1% to 4,595 ringgit/ton or.1,099/ton on data on a 2.3% reduction in production in September and a sharp increase in...
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The weather contributes to the harvesting of late crops in Ukraine, Russia and the USA
04.10.2021
Favorable weather conditions for harvesting late crops and sowing winter crops in Ukraine, Russia and the United States will continue for at least another two weeks, which will allow completing the harvesting of soybeans and sunflowers. In Ukraine, as of September 30, 47 million tons of grain and leguminous crops with an average yield of 4.38 t/ha were threshed from 10.74 million hectares or 67% of the area. Collected as of the specified date: wheat – 32.2...
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Purchase prices for grains in Ukraine on October 4, 2021
04.10.2021
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 5100 Mustard seeds 22000 5800 Peas 9600 9000 6367 300 Buckwheat 22000 Rye grade II 5100 ...
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Lower forecast for wheat production and stocks in the United States will support quotes
01.10.2021
USDA experts in their quarterly report lowered their estimate of Final stocks and wheat production in the United States in 2020/21 MG more than analysts expected, which will be a new factor in supporting prices. Wheat stocks in the United States as of September 1, 2021 were estimated at 48.44 million tons, which is 18% lower than on September 1, 2020 and 4% lower than analysts ' forecasts. According to the forecast, wheat production in the United States in 2020/21...