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The inventory report supported wheat prices, but increased pressure on soybean and corn prices
01.10.2021
USDA experts in their quarterly report increased estimates of soybean and corn stocks as of September 1, 2021, but lowered estimates of wheat stocks. In addition, they raised the forecast for soybean production, and lowered forecasts for the wheat and corn harvest, which surprised the market and increased pressure on prices. The estimate of corn production in the United States in 2020/21 MG was reduced by 2 million tons to 358.5 million tons due to a decrease in sowing and...
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Weather contributes to the completion of harvesting and sowing, and precipitation in Brazil and Australia improves crop prospects.
01.10.2021
Traders have shifted their attention from the weather in South America to Australia, where favorable precipitation improves the prospects for future crops . Brazil has started sowing soybeans and corn, and precipitation has increased, although the rainy season, like last year, is delayed. In most Exporting Countries of the Northern Hemisphere, dry weather has been established, which contributes to the harvesting of late crops and sowing of winter crops. In the Midwest...
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Purchase prices for grains in Ukraine on October 1, 2021
01.10.2021
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 9700 ↑ 34 9000 6367 ↑ 6267 300 Buckwheat 23000 Rye grade II ...
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China's decline in imports and ethanol consumption could lower corn prices
30.09.2021
Recently, corn prices in Ukraine have been supported by delayed harvesting and higher oil and wheat prices, but soon the market will be under pressure from New factors – falling demand from China and reduced consumption by the US bioethanol industry. According to estimates of the Chinese state Information Center for grain and oilseeds, corn prices in the country in 2021/22 MG will decrease due to an increase in feed grain imports in the previous season and a record current...
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Palm oil prices continue to rise, which supports the soybean and sunflower oil markets
30.09.2021
Global markets continue to gradually increase prices for vegetable oils, but the volume of offers in the current season is significantly higher than last year, so the markets can quickly become saturated, a vivid example of which is the fall in oil prices. On Tuesday and Wednesday, oil prices on world stock exchanges fell amid a significant increase in production and reserves in the United States, ignoring the rapid increase in gas prices in Europe, which in the spot market reached...
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Quotes of European and Black Sea wheat continue to grow
30.09.2021
Yesterday, wheat quotes on world stock exchanges rose slightly again, and European and Black Sea wheat rose more actively against the background of new tenders. The Pakistani TSR agency is holding a tender for the purchase of 640 thousand tons of food wheat with a protein of at least 10%, for which 12 proposals were submitted at a price in the range of 3 377-410/ton CFR. The most favorable offer is Russian wheat at a price of 3 377/t CFR, which is Cheaper Than at the tender on...
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Purchase prices for grains in Ukraine on September 30, 2021
30.09.2021
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, $ Wheat mill offals 5100 Mustard seeds 22000 5800 Peas 9666 9000 ↑ 100 100 300 Buckwheat 23000 Rye grade II 5100 Corn 7433 ...
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Prices for soybeans and sunflower seeds in Ukraine continue to grow
29.09.2021
For the second year in the domestic market, prices for soybeans and sunflowers are growing rapidly during harvesting, although usually a seasonal increase in supply leads to lower prices. This week, purchase prices for sunflower seeds increased by another 200-400 UAH/ton to 18400-19000 UAH/ton with delivery to the plant amid a shortage of offers, which, against the background of improved weather conditions, contributed to the activation of sellers. Prices for sunflower...