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Reducing demand lowers corn prices
06.06.2019
Optimum time of sowing of corn in the United States ended on 5 June. The cost of crop insurance made after that date, each day increasing by 1%, making it inappropriate for further planting corn that farmers give preference to soy. the Increase in corn prices in recent times has prompted farmers to take risks, however, notice of the intention of China to eliminate duties on soybeans will raise the price of oil and will force farmers to increase the area under it, had not yet...
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Better weather in the US has fallen off the price of wheat
06.06.2019
Precipitation that passed this week in the wheat belt of the United States, was not as powerful as predicted. This led to the collapse of prices for wheat, as speculators expected a sharp deterioration in the quality of the winter wheat crop. Experts IEG Vantage (Informa Economics) estimated the acreage under wheat in 45,084 million acres, of which 31,504 million acres is winter wheat, and 12.16 million acres of hard spring wheat and 1.42 million acres –...
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Prices for soybeans can grow due to China's intent to abolish duties
06.06.2019
China's Ministry of Finance has published a list of goods made in the USA, which includes soybeans, pork and beef, which may be revoked import duty, reports Reuters. starting from 2nd of September to begin the application process for the abolition of import duties, introduced in July 2018 on goods from the U.S. to the tune of $ 50 billion. And from 3 June to 5 July submissions will be accepted at the abolition of the duty on goods on 60 billion $, which was introduced in...
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Purchase prices for grains in Ukraine on June 6, 2019
06.06.2019
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, $ CIF, $ Mustard seeds 15000 549 Peas 6750 5700 202 Buckwheat 7000 Rye 3817 8000 190 Rye grade II 3767 ↓ 423 Rye...
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Rabobank expects low grain harvest in Australia
05.06.2019
According to the forecast Rabobank, due to the drought in 2019 Australia will not be able to increase the sowing area and production of wheat to an average level, causing domestic prices of grain will remain at a high level. In comparison with last year the acreage will increase by 1% to 18.3 million hectares, which is 13% below the average 5-year average. According to official Federal government Agency ABARES, in 2018/19 MG grain production in the country fell by 20%...
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Precipitation in the U.S. will last another week
05.06.2019
the Main driver of rising prices on the world markets remains delayed sowing of soybeans and corn in the United States. within the next 5-7 days in the corn belt of the United States will continue precipitation that prevents planting, whereas in the Southern Plains rains will interfere with the harvesting of winter wheat and degrade its quality. a few showers in the Northwest Midwest will speed up sowing of soybeans and corn, but in the Eastern and southern parts of...
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Speculative growth of dollar on the interbank market stopped
05.06.2019
Political instability in Ukraine heats the panic on the growth rate of currency in the near future. Last week actively discussed the probability of technical default for the deferral of payments on the loans and the suspension of the negotiations with the IMF until a new government is formed. At this news the speculators began to destabilize the dollar, which for a week has increased from 26.33 to of 27.15 UAH/$. Yesterday on the interbank market from morning to 27.06/27,10 dollar...
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Purchase prices for grains in Ukraine on June 5, 2019
05.06.2019
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, $ CIF, $ Mustard seeds 15000 549 Peas 6700 5700 202 Buckwheat 7000 Rye 3817 8000 190 Rye grade II 4190 Rye grade...
