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Lower barley harvest forecasts in Russia and Canada support prices in Ukraine
01.09.2021
Another decline in forecasts for barley production in Russia and Canada has increased global balance sheet tensions, but barley prices have not yet responded to this, as they remain under pressure from the corn market. StatCan experts lowered their forecast for the barley harvest in Canada in 2021 by 27% compared to last season, from 10.74 to 7.8 million tons, since a 32.4% decrease in yield will not be able to compensate for the expansion of sowing areas by 8%. In the August USDA...
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Purchase prices for grains in Ukraine on September 1, 2021
01.09.2021
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, $ CIF, $ Vetch 10000 Wheat mill offals 4100 Mustard seeds 9033 25000 Peas 8538 ↑ 175 8200 ↑ 442 8483 230 Buckwheat 19375 ...
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Rapeseed and canola prices supported by lower crop forecasts in Canada
31.08.2021
In the updated report of the Statistical Office of Canada dated August 30, the forecast for canola production in 2021 was reduced by 24.3% compared to last year from 19.5 million tons to the lowest 14.7 million tons since 2012, while USDA experts in August estimated it at 16 million tons. Yesterday, canola prices on the Winnipeg Stock Exchange almost did not react to the report's data, as traders expected a more significant reduction in the production forecast – up to 14...
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The purchase price of wheat at the tender in Egypt has increased again
31.08.2021
Yesterday, the Egyptian state operator GASC purchased Ukrainian and Romanian food wheat with 12.5% protein at a tender and delivered on October 15-25 at a price that is 9 9/ton higher than at the previous auction on August 18. The number of applications submitted increased from 5 to 7 compared to the previous auction, three applications were submitted from Romania, and two each from Ukraine and Russia. While 5 applications were submitted for the previous tender, and none from...
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StatCan experts lowered forecasts for wheat and canola crops in Canada more than the USDA
31.08.2021
Yesterday's updated report on the production of cereals and oilseeds in Canada from the Statistical Office StatCan, as expected, significantly lowered the forecasts for the harvest of major crops. Prolonged drought led to an acceleration of the maturation period of plants by 2-4 weeks, as a result of which the yield significantly decreased. It is expected that whole wheat production in Canada, in my 2021/22, it will decrease by 34.8% compared to the previous season from 35.2 to...
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Purchase prices for grains in Ukraine on August 31, 2021
31.08.2021
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, $ Vetch 10000 Wheat mill offals 4100 Mustard seeds 9033 25000 Peas 8363 7758 ↑ 16 8483 230 Buckwheat 19375 ...
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Purchase prices for wheat in Ukraine resumed growth
30.08.2021
Purchase prices for wheat in Ukraine, after a slight decline due to a reduction in export demand, have resumed growth since Friday, following an increase in quotations on world stock exchanges. The main speculative driver of price growth remains uncertainty with the wheat harvest in Canada. Purchase prices for food wheat in the ports of Ukraine increased by 5 5/ton to 2 270-275/ton or UAH 8300-8400/ton. however, producers have reduced sales of wheat, and mainly sell...
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Analysts lower forecasts for crop production in Canada
30.08.2021
On the eve of the release of the official forecast from the Statistical Office of Canada (StatCan), most agencies published their own estimates of the production of cereals and oilseeds in the country, which is one of the main suppliers of wheat and canola to the world market. Data from The New StatCan forecast will significantly affect prices. After monitoring the state of crops of major agricultural crops in Canada, experts from Agriculture and Agri-Food Canada lowered their...