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Reduced production forecasts for the EU support prices for wheat
29.06.2020
the European Commission has once again lowered its forecasts for soft wheat production for EU-27 in 2020 compared to the may estimates the crop reduced by 4.3 million tons up to 117.2 million tons, 13.7 million tons lower than in 2019 Estimation of sowing areas and yield forecasts are also reduced. export Forecast of soft wheat in 2020/21 MG reduced by 1.5 million tons to 25 million tons compared to 34 million tonnes in 2019/20 Mr. it is Expected that the production of...
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The prospects of a good harvest in the US, the EU and Ukraine lowers corn prices
26.06.2020
Yesterday futures on the stock exchange in the U.S. decreased by 2.2% to 126,45 $/MT for the September contracts and to 129,12 $/tonne for December due to the increase in production forecasts due to improved weather conditions. The market is not even supported by the recovery in oil prices and increased ethanol production. the experts of the IGC in the June forecast increased the estimate of global corn production in 2020/21 MG for 3 million tonnes to 1,172 billion...
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Weather contributes to the formation of a good harvest in the new season
26.06.2020
Weather conditions that prevailed in major producing countries of grains, contribute to the development of crops, which increases pressure on the prices of the new harvest. Ukraine and Russia next week, precipitation will decline, which will accelerate the collection, and in the U.S. and Europe, periodic rains will favor development of corn and oilseeds. On the Southern plains of the United States in the next 5-7 days will be dominated by dry and hot weather, which...
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Purchase prices for grains in Ukraine on June 26, 2020
26.06.2020
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, $ Vetch 9000 Wheat mill offals 4150 3600 Mustard seeds 12000 10823 ↑ 18 Peas 6433 ↑ 533 6850 6438 182 Buckwheat 16600 Green...
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The fall in oil prices by 6% lowers the price of vegetable oil and canola
25.06.2020
Yesterday, August futures for Brent oil fell by 6% to $40/barrel and WTI crude oil - by 5.8% to 37.8 $/barrel after the publication of the US Department of energy data on the increase in domestic oil reserves of up to 540 million barrels, which again reached a record figure. For the first time in 11 weeks, oil production in the U.S. grew by 500 thousand barrels to 11 million barrels a week. the Increase in oil reserves shows that the US economy is recovering more slowly than...
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Delay harvesting in Brazil supports corn prices of the old crop
25.06.2020
According to the Department of agroeconomic Deral, in the Brazilian state of paraná, which is a major producer of corn, grain harvest for the week has progressed only 1% and as of 22 June amounted to 4% of the plan, whereas a year ago on this date was threshed 34% of the area. at the same time the amount of corn in good or excellent condition for the week increased from 42% to 44%, compared with 82% a year ago. the Small volume of proposals of Brazilian corn...
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The slowdown in the global economy increases the pressure on wheat prices
25.06.2020
the Main factors influencing the exchange's wheat prices remain uncertain yield of wheat in major exporting countries and a possible decline in world demand for food. the IMF Experts said that the pandemic Covid-19 has caused the world economy to a greater extent than previously thought, so in the updated report has increased compared to the April estimates of the forecast decline in the world economy from 3% to 4.9%, in particular for Eurozone countries – from 7.5% to...
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Purchase prices for grains in Ukraine on June 25, 2020
25.06.2020
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, $ Vetch 9000 Wheat mill offals 4150 3600 Mustard seeds 12000 10805 ↑ 5 Peas 6310 ↑ 410 6850 6438 182 Buckwheat 16600 Green...
