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In the first wheat harvest forecast for the 2026/27 MY, USDA experts greatly surprised the market with pessimistic estimates of the US wheat harvest, which led to a sharp increase in wheat stock quotes.   After the report was released, July wheat futures rose: by 7% to $249.5/t - for SRW wheat in Chicago (+18.2% after the release of the April report and +31.8% for the year), by 6.6% to $268.7/t – for HRW wheat in Kansas City (+23.8%, +44%), by 5.5% to $266/t –...

In Ukraine, strong demand for corn from exporters continues, so prices have risen again to $230/t delivered to the port. In addition, the resumption of oil price growth and forecasts that prices for petroleum products and fertilizers will remain at a high level until the end of the year continue to push up commodity prices.   During the week, export prices for corn in Ukraine remained at 11,350-11,400 UAH/t or $226-230/t with delivery to Black Sea ports, and buyers pay a premium for...

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 offals6100 ↓ 250Mustard seeds35000Peas115009400Coriander32000Corn1115796929200 ↑ 190224212 ↓ 6Flax30000Sunflower oil cake11200Oats10500Sunflower oil13101150Wheat grade...

Favorable precipitation last week and forecasts of light precipitation this week in the US stopped the growth of wheat stock quotes, which fell by 1-1.7% over the week, although yesterday, after the USDA report on the deterioration of the crop condition, they resumed active growth.   According to USDA, in the USA, during May 3-10, the number of wheat crops in good or excellent condition decreased by 3% to 28% (54% last year), and the share of crops in poor and very poor condition...

Weather in the U.S. Corn Belt is supporting planting and development of soybean and corn crops. Last week, cyclones brought rain to the Midwest, easing drought conditions in the South and West. The region will also see precipitation this week. Spring crop planting rates in the U.S. are above average, and forecast rains will help crops develop.   The Plains also received precipitation, which reduced the drought in the south and west of the region, and also brought warmth, which...

According to the latest data from the Ministry of Economy, as of May 11, 3.784 million hectares or 63% of the planned area (6.003 million hectares) were sown with spring grain and legume crops in Ukraine, while last year, as of May 8, 4.323 million hectares or 76% of the planned area (5.681 million hectares) were sown with spring crops.   In terms of crops, on the specified date the following were sown: wheat – 179.1 thousand hectares or 96% of the forecast, barley...

According to Platts, soybean meal prices in Europe reached a record high of €372.5/t FOB Netherlands and €382/t EXW Spain on April 29, up 11.8% and 13.6% respectively from early March prices.   However, in early May, FOB Netherlands prices fell to €364/t amid reduced offers, although prices in Spain remained high.   The sharp increase in prices in March and April was due to the war in the Middle East, which led to a 20-25% increase in freight costs and...

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 offals6100 ↓ 250Mustard seeds35000Peas115009400Coriander32000Corn1112396929200 ↑ 100224218Flax30000Sunflower oil cake11000 ↑ 500Oats10500Sunflower oil13101150Wheat grade...