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After soybean oil prices fell by 10-12% to $920-930/t during the month, palm oil quotes remained at $1,020-1,030/t for some time, but the pressure on them increased due to a decrease in export rates and an increase in the base price of SRO in Malaysia in March.   According to estimates by surveyor Intertek Testing Services (ITS), during March 1-15, Malaysia reduced palm oil exports by 10.6% compared to the same period in February, from 422.4 to 381.8 thousand tons due to reduced...

The pace of soybean processing in Ukraine remains quite high, - reports APK-Inform. In February, the volume of processing increased by 27% compared to January to 320-330 thousand tons, which is a monthly maximum. In total, a record 1.45 million tons of soybeans were processed in the 2024/25 MY, which is 57% higher than the corresponding figure in the 2023/24 MY and 43% higher than the previous maximum for the first half of the season - 1 million tons, set in the 2019/20 MY.   The...

According to USDA, in 2024/25, the US increased corn exports to the EU by 87% compared to the previous season, to a record 2.7 million tons.   This season, the EU became the fourth largest buyer of American corn (9% of total exports), behind only Mexico, Japan and Colombia, while over the past 10 years, the EU's share did not exceed 1%.   Experts from S&P Global Commodity Insights believe that the increase in corn supplies from the US to the EU was contributed by a...

The US Department of Agriculture (FAS) has raised its forecast for Argentina's soybean harvest in the 2024/25 MY to 49 million tons as plantings recover from a drought that lasted until January.   Severe drought and heat have negatively affected crops at critical stages of development, reducing yield estimates in major soybean growing regions, but recent rains have been able to improve plant health and restore production forecasts.   According to the Rosario Grain...

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, $ DAF, $ CIF, $ Wheat mill offals 6550 Mustard seeds 25000 26000 Peas 13000 Buckwheat 12000 Coriander 26000 Corn 10318 ↑ 7 9531 9400...

During the week, May soybean futures on the Chicago Board of Trade traded steadily at $373.1/t (-3.9% month-on-month), failing to react to the reduction in US processing in February, the high rate of soybean harvest in Brazil and the increase in soybean oil stocks. May soybean oil futures even rose by 1.2% yesterday to $927/t, but overall lost 13.3% of their price over the month.   According to the NOPA association, soybean processing in the US in February decreased by 11.1% compared...

Against the backdrop of active export demand, purchase prices for corn in Ukrainian Black Sea ports increased by $3-4/t or UAH 200-250/t during the week to UAH 10,450-10,550/t or $222-224/t, again reaching the level of prices for feed wheat.   According to the State Customs Service, during March 1-17, Ukraine exported 1.26 million tons of corn (1.6 million tons for the same period last year). And in general, in the 2024/25 MY (as of March 13), corn exports amounted to 15.84 million...

Wheat prices in Ukraine have surged to their highest levels this season, spurring sales by farmers, while traders have increased purchases amid rising U.S. prices due to dry weather.   The fall in the hryvnia exchange rate to 41.55 UAH/$ led to an increase in export demand prices by 50-100 UAH/t to the level of 10,800-11,000 UAH/t or 228-231 $/t for food wheat and 10,550-10,650 UAH/t or 223-225 $/t for feed wheat with delivery to Black Sea ports.   Ukraine has had some...