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The USDA report on the status of wheat crops in the United States led to a decrease in stock market quotations
02.04.2024
According to data from the USDA's first report of the year on the condition of crops in the USA, as of March 31, 56% of winter wheat crops were in good or excellent condition (28% last year), and 11% (36%) of crops were in poor or very poor condition. 1% of the area has already been sown with spring wheat, which corresponds to the average 5-year sowing rate. According to forecasts, the area of wheat sowing in the US will decrease compared to the previous season from 49.575 to...
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Oil World raises forecast for global vegetable oil production in FY2023/24, but prices continue to rise
02.04.2024
Oil World experts increased the forecast of world production of 10 main types of oils in 2023/24 MR by 1.7% to 258.05 million tons, which will exceed the 253.78 million tons of the 2022/23 season, compared to previous estimates. The base oil export forecast remained at 97.58 million tons (99.65 million tons in FY 2022/23), and the consumption forecast was increased by 3.2% to 259.14 (251.07) million tons. On the back of higher soybean oil prices and export volumes in March, May...
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Brazil is wrapping up its soybean harvest, putting pressure on quotes
02.04.2024
Rains in major soybean-growing regions are delaying soybean harvests, but are helping the development of second-crop corn crops, putting pressure on quotes. According to AgRural data, soybeans were harvested on 74% of the area in Brazil as of March 28 (76% last year), although the pace of harvesting has recently been ahead of last year. Corn of the first harvest was collected on 43% of the area, and corn of the second harvest was sown on 96.8% of the area. Brazilian...
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Purchase prices for grains in Ukraine on April 1, 2024
01.04.2024
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 1642 ↑ 67 Peas 11750 10000 Sugar beet pulp gran 5500 Corn 6555 ↑ 20 5415 4700 ↑ 69 148 133 ↓ 1 202 Flax 17000 ...
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More products were exported through the Ukrainian sea corridor in 7 months than in a year of the "grain initiative"
01.04.2024
In 7 months, 33.8 million tons of goods were exported through the Ukrainian Sea Corridor, which is much more than during the year of the "grain initiative", - said the Minister of Community Development, Territories and Infrastructure of Ukraine O. Kubrakov. The corridor was opened in August 2023, and within the first month, single ships passed through it, mostly those that remained blocked in Ukrainian ports since the beginning of the full-scale invasion of the Russian...
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USDA experts downgraded the corn planting area forecast supported the futures
01.04.2024
In a new quarterly report, USDA experts cut forecasts for U.S. winter wheat and corn planted acreage in 2024 more than analysts expected, leading to a sharp rise in quotes for those crops. At the same time, the forecast of soybean sowing area meets analysts' expectations. If in February the USDA estimated the area of corn sowing in the USA at 91 million acres, then in March - already at 90.036 million acres, while the forecast of analysts is 91.776 million acres. It will be...
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The growth of sunflower prices in Ukraine has stopped
01.04.2024
The purchase prices of sunflower in Ukraine last week stopped growth at the level of UAH 15,500-16,500/t (including VAT) with delivery to the factory against the background of the accumulation of significant stocks of raw materials at processors and a drop in demand prices for sunflower oil by $5/t to 775-785 $/t with delivery to the port due to increased competition with sellers from the Russian Federation, who are ready to significantly lower the price in order to increase sales, as happened...
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Purchase prices for grains in Ukraine on March 29, 2024
29.03.2024
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 1575 Peas 12500 10000 Buckwheat 10500 Sugar beet pulp gran 5500 Corn 6535 ↑ 55 5388 ↑ 236 4607 148 ↑ 2...