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In the March supply and demand report, USDA experts increased the forecast for world oilseed production in 2024/25 MY by 1.67 million tons to 679.37 million tons (657.1 million tons in 2023/24 MY), in particular sunflower - by 0.9 million tons, rapeseed - by 0.39 million tons, cotton - by 0.2 million tons, while the forecast for soybean production remained unchanged. Due to the increase in the estimate of oilseed processing in 2024/25 MY by 1.8 million tons, the forecast for world ending stocks...

According to the forecast released yesterday by the Indian Ministry of Agriculture, the country will harvest a record 115.43 million tons of wheat in the 2024/25 MY, thanks to an expansion of the sowing area and favorable weather.   This will reduce wheat prices, the inflation rate of which increased from 6.02% in April 2024 to 8.8% in January 2025. Currently, the price is 30 thousand rupees/t, which is 24% higher than the minimum guaranteed price (24.25 thousand rupees/t). The...

In the March supply and demand report, USDA experts significantly increased forecasts for beginning stocks and wheat production in the 2024/25 MY, as a result of which the estimate of ending stocks exceeded analysts' expectations. Against this background and given the reduced import forecast for China, stock quotes fell by 0.8-1.3% yesterday, losing 5.8-6.7% for the month.   Compared to February estimates, the world wheat balance for the 2024/25 MY has undergone the following...

In its March corn supply and demand report, the USDA sharply lowered its estimate of global beginning stocks in the 2024/25 marketing year, which, combined with an increase in consumption forecasts, led to a decrease in the estimate of ending stocks, even despite the expected increase in production. But corn futures in Chicago fell under pressure from a significant reduction in global export and import forecasts.   Compared to February estimates, the world corn balance for the...

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 6400 Mustard seeds 25000 26000 Peas 13000 Buckwheat 12000 White kidney beans 28000 ...

Despite the resumption of sugar exports from Ukraine to the EU, domestic prices remain at a low level of 23-24 UAH/kg under the pressure of the dollar's fall against the hryvnia and a new wave of decline in world prices.   Producers are increasing sugar exports, fearing a decline in world prices in the new season due to increased production.   In the first 6 months of the 2024/25 MY, Ukraine exported over 403.5 thousand tons of sugar, 98.4% of which to countries...

US stock indexes fell another 2.1% to 4% on Monday after Trump said he did not rule out a recession in the US economy. The decline began last week amid uncertainty over tariffs on Canada, Mexico and China, some of which were later postponed. Stocks are falling on concerns that tariffs and federal staff cuts will undermine consumer confidence and stall economic growth.   On Monday, major financial indexes fell to a 6-month low, with the Dow Jones Industrial Average (DJIA) down 2.1%,...

A significant reduction in February export estimates in yesterday's report from the Malaysian Palm Oil Board (MPOB) sent quotes down 2.8% after Friday's speculative 3.2% rise.   According to the report, in Malaysia during February: Crude palm oil production fell by 4.16% to a 3-year low of 1.19 million tonnes due to floods that complicated harvesting and transportation of the crop, palm oil exports fell by 16.27% to a 4-year low of 1 million tons, Palm oil stocks...