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Soybean, canola and palm oil contracts in China extended after US MSG report
14.01.2025
China soybean oil and meal futures on Monday posted their biggest one-day gain since 2023. And canola meal and palm oil futures also rose amid a soybean price rally on the Chicago Board of Trade, fueled by "upbeat" U.S. MSG reports. The most active soybean meal futures contract on the Dalian Commodity Exchange rose 3.2% to a monthly high of 2,724 yuan/t or $371.54/t, the biggest daily gain since July 2023. Dalian soybean oil futures rose 2.5% to their highest...
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Fertilizer prices have risen sharply in Europe
14.01.2025
Fertilizer prices in Europe have seen a sharp increase in January. The reasons for this lie in the situation on the world market, high gas prices, the weakness of the euro, logistics problems and low stocks, agrarheute reports. Extremely high gas prices, sometimes exceeding €50 per MWh, significantly increase the costs of European fertilizer producers, leading to a rapid increase in their cost. Prices are supported by the falling euro, which increases the cost of...
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Malaysian palm oil futures barely reacted to inventory drawdown to 19-month low
13.01.2025
According to the Malaysian Palm Oil Board (MPOB), during December 2024, the country's palm oil stocks decreased by 6.91% to a 19-month low of 1.71 million tons, production decreased by 8.3% to the lowest level since March 2024 of 1.49 million tons, and exports decreased by 9.97% to a 6-month low of 1.34 million tons, OleoScope reports. Malaysian palm oil stocks have been falling for the third consecutive month due to production cuts caused by severe floods, and have already...
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Purchase prices for grains in Ukraine on January 13, 2025
13.01.2025
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 5750 Mustard seeds 25000 25000 Peas 13500 300 Coriander 21500 Corn 9592 8601 8700 8163 204 184 Flax 22000...
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USDA lowered its forecast for global oilseed production, especially the US soybean crop, which supported quotes
12.01.2025
In the January supply and demand report, USDA experts lowered the forecast for global oilseed production in 2024/25 MY by 3 million tons to 680.35 million tons (657 million tons in 2023/24 MY), in particular soybeans - by 2.88 million tons, rapeseed - by 1 million tons, which is offset by an increase in cotton production by 0.7 million tons and sunflower by 0.18 million tons. Compared to December estimates, the new world soybean balance for the 2024/25 MY has undergone the...
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USDA experts minimally changed the world wheat balance, but lowered export estimates for Ukraine and the Russian Federation
12.01.2025
In the January supply and demand report, USDA experts slightly increased the forecast for world production, reduced the forecasts for wheat consumption and exports, which led to an increase in the estimate of world ending stocks above the level predicted by analysts. Against this background, stock quotes remained without significant changes, despite the growth of corn futures by 3%. According to the report, March wheat futures rose slightly: by 0.3% to $202.7/t – for...
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Corn prices in Chicago surge after USDA experts significantly downgrade US crop estimate
12.01.2025
In the January report on corn supply and demand for the 2024/25 MY, USDA experts unexpectedly for the market sharply lowered the production forecast for the US, and, accordingly, the estimate of world stocks, which led to a significant increase in the price of futures in Chicago. March corn futures on the Chicago Board of Trade (CBOT) rose 3.2% to $185.2/t (+6.8% compared to data after the December report), which is 42.6% lower than last year's level of...
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Purchase prices for grains in Ukraine on January 10, 2025
10.01.2025
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 5750 Mustard seeds 25000 25000 Peas 13500 300 Coriander 21500 Corn 9592 8551 8700 8153 204 184 ↑ 1 Flax ...