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In a June report, USDA experts raised forecasts for soybean production and inventories
11.06.2021
In the June report, WASDE experts increased their forecast for total global oilseed production in 2021/22 MG by 0.6 million tons to 632.9 million tons compared to May estimates due to higher estimates of the rapeseed crop in the EU and Australia. In addition, estimates of soybean stocks in the United States and Brazil were increased. In the global balance sheet for my 2020/21, the forecast for soybean production was increased by 1.12 million tons to 364.07 million tons (339 million...
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USDA experts raised their forecast for the global wheat harvest to a record 794.44 million tons
11.06.2021
USDA experts in the June report, as in the May report, sharply increased forecasts for wheat production and consumption, as well as global final stocks in 2021/22 MG due to a drop in export rates at the end of the season, although analysts expected a slight adjustment. In the global balance sheet for my 2021/22 forecast world-class production wheat increased by 5.46 million tons to a record 794.44 million tons (775.8 million tons in 2020/21 and 763.5 million tons in 2019/20 MG) due...
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Purchase prices for grains in Ukraine on June 11, 2021
11.06.2021
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 5300 Peas 8200 252 Buckwheat 22000 Sugar beet pulp gran 9500 Corn 8508 8182 7796 270 239 235...
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Sunflower crop forecasts continue to improve
10.06.2021
Favorable weather conditions in the Black Sea countries will allow increasing sunflower crops by all major producers, which increases pressure on the prices of old and new crops. Ukraine and Russia will also increase sunflower production due to the expansion of sowing areas and heavy precipitation in May, which contributes to the development of crops. In Hungary, Bulgaria and Romania, which is the main European producer (27% of European sunflower crops are located in the country)...
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Corn prices in Chicago rise in anticipation of the USDA report
10.06.2021
After a slight drop, corn futures in Chicago rose yesterday ahead of the release of the USDA report, which is expected to significantly reduce the forecast for the harvest for Brazil in 2020/21 mg and, as a result, reduce the initial global stocks in the 2021/22 season. July corn futures rose 1.5% to 2 274.6/ton yesterday, while December futures remained at.239.8/ton on expectations of an increase in corn sowing areas in the United States. Quotes supported an increase...
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Improved weather in Canada, Australia and Russia eliminates the heat factor in the United States
10.06.2021
Improving weather conditions in the wheat-growing regions of Canada and Australia against the background of favorable weather conditions for crops in Ukraine, Russia and the EU countries increases the probability of obtaining a record wheat harvest in the new season. Productive precipitation in the prairies of Canada and in the Northern American Plains reduced concerns about the fate of spring wheat crops in the United States, thanks to which prices on US wheat exchanges fell...
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Purchase prices for grains in Ukraine on June 10, 2021
10.06.2021
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 5300 Mustard seeds 12000 Peas 8200 9000 252 Buckwheat 22000 Corn 8508 8182 ↓ 6 7796 270 239 ...
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Against the background of lower world prices, Egyptian GASC purchased a large batch of vegetable oil
09.06.2021
The stabilization of prices for vegetable oils on world markets and a sharp drop in prices for Ukrainian sunflower oil immediately intensified demand from importers. Yesterday, the state-owned Egyptian operator GASC purchased 100 thousand tons of vegetable oils at an international tender for delivery in August, in particular: 60 thousand tons of imported soybean oil at a price of C 1300/ton CFR, which is 4 44/ton higher than at the previous tender, 40 thousand tons of...