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Falling oil prices have increased pressure on the canola and rapeseed markets
20.07.2021
Yesterday, oilseed prices were under pressure from a 7-8% collapse in oil prices per day and a decline in vegetable oil prices, but received support from heat forecasts in soybean growing areas in the United States and canola in Canada. Most of all, rapeseed fell in price on the Euronext exchange. August futures fell by €14.5/ton yesterday to €533/ton or € 628.58/ton, losing 1.6% over the week, although they rose by 1% at the end of the month. Last week...
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The OPEC + decision and a new wave of coronavirus brought down oil prices by 7-8%
20.07.2021
Yesterday, US stock indexes and government bond yields, as well as oil prices, plummeted on concerns about a delay in the global economy due to the spread of a new strain of Delta coronavirus and rising inflation. They were followed by lower prices for "energy" goods – rapeseed, soy, corn and sugar. Investors sold shares of companies affected by the quarantine and bought US government bonds. As a result, the Dow Jones index fell 2.1% to 33,963.04 points, the S&P...
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Purchase prices for grains in Ukraine on July 20, 2021
20.07.2021
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 4475 Mustard seeds 12000 Peas 7300 6573 9000 230 Buckwheat 20500 Rye grade...
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Hot weather forecasts on the US Plains warm up wheat prices
19.07.2021
Precipitation that took place last week in areas of the Plains in the United States, was insignificant, and a new heat wave in 35-38 OhStarting this week, forecasts for the soybean, corn and spring wheat harvest in the states of North and South Dakota will continue to worsen. A severe drought in the northwestern United States and southwestern Canada next week will negatively affect the state of spring wheat crops. Data on the state of crops in today's USDA report will be a new...
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Dry and hot weather accelerates harvesting in Ukraine and Russia
19.07.2021
The dry and hot weather prevailing in Ukraine and Russia accelerates grain harvesting and improves Wheat Quality. But a heat wave of 37-40 degrees in southern Russia can reduce humidity and grain yield. In Ukraine, the yield of grain crops is better than last year, when a record harvest was collected, but the rate of harvesting is still lower. As of July 15, 2019, 17.4 million tons of grain were harvested from 52% of the area or 5.1 million hectares with a yield of 3.41...
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The hryvnia exchange rate against the dollar continues to strengthen
19.07.2021
Preliminary data on harvesting in Ukraine allow us to hope for a record yield, which will lead to the largest harvest of grain and oilseeds in history. This will contribute to the growth of foreign exchange earnings from grain sales, especially given the increase in world grain prices. During the week, the dollar exchange rate on the interbank market sank from 27.28/27.30 UAH/. to 27.23/27.25 UAH/., but in general the market remained stable. On Friday, against the...
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Purchase prices for grains in Ukraine on July 19, 2021
19.07.2021
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 4475 Mustard seeds 12000 Peas 7300 ↓ 250 6573 9000 230 Buckwheat 20500 ...
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Lower oil prices and precipitation forecast in Canada may stop canola prices from rising
16.07.2021
Oil prices fell sharply yesterday, losing about 4-5% against the background of OPEC+ members ' agreement with the United Arab Emirates to increase oil production from 3.17 million tons. barrels per day up to 3.65 million barrels per day. barrels, as well as the UAE's decision to support the extension of the OPEC+ agreement until the end of 2022. It was disagreements with the UAE that caused a jump in oil prices last week. September Brent crude futures on the London ICE...
