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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 offals3500 ↓ 350Mustard seeds6000Peas13000Buckwheat26000White kidney beans40000Coriander36000Corn65006800 ↑ 165203290Flax25000560Soybean cake16500Sunflower oil cake250Rape-seed...

Negotiations around the UN General Assembly in New York last week heightened expectations of a diplomatic settlement of the conflict between the US and Iran, which put pressure on oil prices throughout the week.   November Brent futures ended the week near $104.1/barrel (+18% month-on-month), although they had fallen below $100/barrel during the week. On Monday, prices again exceeded $105/barrel after it became clear that there was no agreement yet to resume normal shipping through...

According to the State Statistics Service, as of September 1, stocks of grain and leguminous crops in Ukraine amounted to 24.6 million tons, which is 10.1 million tons more than on the same date last year.   Agricultural enterprises stored 18.4 million tons of grain and leguminous crops, which is 64.4% more than in the previous year. Another 6.2 million tons were stored at enterprises engaged in processing and storage, which is 88.4% more than last year.   Wheat stocks at...

India has reduced basic import duties on key vegetable oils to curb rising domestic prices ahead of the peak consumption season.   The biggest changes concern sunflower oil. The basic duty on crude sunflower oil has been reduced from 10% to zero, and on refined oil from 32.5% to 22.5%. At the same time, the duty on crude palm and soybean oil has been reduced from 10% to 5%, and on refined palm and soybean oil from 32.5% to 27.5%.   The decision comes after domestic...

The El Niño, which is forming in the Pacific Ocean, has already surpassed previous levels of similar phenomena and has become the strongest in the entire period of instrumental observations. According to the UK Met Office, the surface temperature of the central equatorial Pacific Ocean has exceeded the indicators of previous cycles, and the peak of the phenomenon is expected later this year. A record El Niño could significantly alter weather patterns in key agricultural...

Soybean quotes in Chicago rose 7% in a month, receiving speculative support from increased purchases by China ahead of Xi Jinping's visit to the US and in anticipation of new agreements to increase sales of agricultural products from the US to China.   The US hosted the Chinese leader at the highest level, with President Trump personally meeting Xi Jinping at the aircraft ramp at Joint Base Andrews near Washington. The Chinese leader was given a red carpet welcome, an honor...

Pressure from the new harvest on Ukraine's domestic corn market has intensified sharply. The EXW procurement price has fallen to UAH 5,500/t, losing another UAH 1,050/t. For comparison, this benchmark stood at around UAH 7,200/t on September 21, meaning the decline has reached approximately UAH 1,700/t in just a few days. The strongest pressure is being felt in inland and central regions, where increasing arrivals of new-crop corn are boosting supply. Farms with limited storage capacity...

The Tunisian State Grain Agency purchased 125,000 tons of soft wheat and 75,000 tons of feed barley in an international tender on September 23.   Wheat was purchased from Buildcom and Soufflet in five batches of 25 thousand tons at a price of $311.72-314.23/ton C&F and delivered from October 1 to December 15, depending on the region of origin of the grain.   Recall that at an international tender on July 30, ODC purchased 75 thousand tons of soft wheat at an average...