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The decline in world prices for vegetable oils will continue in June and July due to a seasonal increase in supplies of soybean oil, and later rapeseed oil, which will reduce demand for expensive sunflower oil and lead to a drop in sunflower prices in Ukraine.   Last week, the Russian Federation again attacked the oil extraction plant of the American company ADM in Chornomorsk with drones. Experts are not sure that its work will be restored in time for the start of the season, so the...

In April, Argentina began active processing of the new soybean crop, therefore increasing exports of soybeans and their processed products, and reducing exports of sunflowers and their processed products to a multi-month minimum.   Compared to the previous month, exports decreased in April: sunflower - by 47% from 323 to 171 thousand tons, of which 44% were delivered to Bulgaria, 20% to Spain and 19% to Turkey, sunflower oil – by 23% to 161 thousand tons, of which 63%...

Global vegetable oil prices remain under pressure from increased soybean oil supply and lower oil prices, which are limiting demand from the biofuel industry and reducing prices. Good weather is supporting the development of rapeseed crops, which could increase rapeseed oil supply as early as next month.   In recent months, the main driver of prices has been Chicago soybean oil quotes, but over the past 7 days, July SWOT soybean oil futures have completely lost the previous...

According to market operators, the Jordanian state agency MIT purchased 60,000 tons (out of the planned 120,000 tons) of food wheat of any origin from CHS in an international tender on June 9, with delivery to the port of Aqaba on August 16-31 at a price of $275.2/ton C&F.   Wheat was also offered at the tender by Ameropa (at a price of $277.87/t), Olam (at $276.5/t), Cargill (at $279.9/t), and Dreyfus (at $280/t).   Recall that in a previous international tender on...

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 seeds35000750Peas11300Coriander32000Corn1105696619400 ↓ 80223215Lupine13000Chickpea24000Sunflower oil13001100Wheat grade II110039410219Wheat grade...

The low probability of China purchasing American soybeans and improving planting conditions in the US are increasingly putting pressure on quotes in Chicago, especially against the backdrop of active exports of soybeans and soybean products from South America.   July soybean futures on the Chicago Board of Trade fell another 5.8% last week to $409.7/t, losing 8.5% over the month, while November futures fell 5.3% over the month to $417/t.   According to the NASS report, as...

Last week, wheat stock quotes continued to fall, losing about 5.8-10.9% in two weeks amid improving weather conditions in exporting countries and the start of harvesting a new crop in the US and China.   Favorable weather for sowing has been established in Ukraine, with abundant precipitation and low temperatures, which has a positive effect on the development of winter and spring crops and increases harvest potential.   According to NASS Crop Progress, in the USA, as of...

The Kazakhstan Association of Flax Producers has published a review of the state and prospects of the global flax market, in which it noted a steady growth in demand for linseed oil.   According to the association's forecast, the global flaxseed oil market will be worth $5.5 billion in 2026, and will grow to $8 billion by 2033 (CAGR 5.5%) due to increased consumption of plant-based omega-3s and bio-based coatings in construction, as well as the development of the cosmetics...