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Despite a significant improvement in the global oilseed balance in the 2026/27 MY, in particular an increase in the forecast for global rapeseed production to a record level, rapeseed quotes resumed growth yesterday amid a surge in oil prices caused by the resumption of the war between the US and Iran .   September Brent crude futures rose 10% yesterday to $83.5/barrel (+16% for the week, +1.8% for the month), significantly supporting oilseed markets.   In the July report,...

Following the end of a 60-day ceasefire between the US and Iran, President Trump yesterday officially notified Congress that the US is at war with Iran. This allows Trump to use US military forces in the region for another 60 days without congressional approval.   Trump also stated that the US military strikes launched on July 7 were "military actions consistent with his duty to protect Americans and US interests both at home and abroad." In addition, the US is renewing its...

In 2026, China's winter wheat production increased by 0.6% compared to the previous season to 138.95 million tons, despite floods in major agricultural regions and a 0.3% reduction in sowing area to 23.01 million hectares, Reuters reports.   Rains in the fall delayed the sowing of winter wheat, but good weather throughout the growing season and effective pest control contributed to the development of crops and increased yields, especially for wheat grown on rainfed...

According to the operational data of the Ministry of Agrarian Policy, as of July 13, 3.1 million tons of grain and legume crops were threshed from 762.5 thousand hectares in Ukraine with an average yield of 4.08 tons/hectare, while last year, as of July 10, 2.621 million tons of grain and legume crops were harvested from 919.9 million hectares with an average yield of 2.85 tons/hectare.   On the specified date, collected: wheat – 1.113 million tons from 280.7 thousand...

As a result of massive Russian attacks on the infrastructure of the port of Chornomorsk on the night of July 11 and 12, the operation of the Kernel port terminals was suspended, as they suffered significant damage.   The strikes damaged loading and unloading equipment, power lines, and terminal infrastructure, including grain storage silos and oil tanks, destroying or significantly degrading 45,000 tons of wheat and 9,000 tons of sunflower oil. No terminal workers were...

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 offals5500Mustard seeds35000Peas11300Coriander32000Corn1057590099300 ↑ 137213215Flax625Chickpea24000Rape-seed oil1000Sunflower oil12601117Wheat, grade I10000Wheat grade II104769233 ↓...

In the July report, USDA FAS experts increased the forecast for oilseed production in the 2026/27 MY, further improving the global balance, but soybean and canola quotes continued to rise amid another increase in oil prices.   The forecast for global oilseed production in 2026/27 MY was increased by 1.8 million tons to a record 720 million tons, which will exceed the 2025/26 MY figure by 2.8% - 700.7 million tons (686.65 million tons in 2024/25 MY, 657.5 million tons in 2023/24 MY),...

In the July WASDE report, USDA experts lowered their estimate of ending global corn stocks for both the 2025/26 MY and 2026/27 MY seasons, which led to a further increase in quotes.   The main reason for the decline in the EU production forecast was dry conditions in France and Hungary.   September corn futures in Chicago rose 1.9% to $173/t on Friday (+6.7% since the June report), and December futures rose 2% to $181.5/t (+4.9%).   November corn futures in...