News

The rapid growth of corn ethanol production in Brazil is dramatically changing the country's domestic market, contributing to increased consumption and potentially limiting future exports.   According to AgWeb, citing Farmdoc daily, corn ethanol production has increased from 0.4 million tons in 2015/16 MY to 18.4 million tons in 2024/25 MY, using about 15% of the total corn harvest. Currently, 25 corn ethanol plants are already operating in the country, and 15 more are under...

Experts from the International Grains Council (IGC) have raised their forecasts for opening stocks and grain production in the 2025/26 MY.   It is expected that compared to the previous season, grain production will increase from 2,368 to 2,373 million tons, in particular corn - from 1,269 to 1,274 million tons, while wheat - will decrease from 807 to 806 million tons.   The forecast for global grain consumption has been raised by 7 million tonnes to a record 2,373 million...

For new batches of urea imported from Egypt and Turkmenistan, importers lowered prices to 23,600-23,800 UAH/t FCA-port, although back in March prices reached 24,800-25,200 UAH/t.   High demand for fertilizers will persist until Easter, as the market has a deficit caused by low rates of urea supplies. At the BIG FERT Conference in Vinnytsia in October 2024, market participants noted the lag in the rates of urea supplies to the market, not only of local but also of foreign...

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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals7500 6800 ↓ 75 380 Mustard seeds 25000 Peas 13500 Rye 12000 Coriander 27000 Corn10653 ↑ 16 9710...

In 2025, monsoon rains in India will be heavier than usual for the second season in a row, which allows us to hope for high agricultural performance in Asia's third largest economy.   Monsoons provide up to 70% of the rainfall needed to irrigate crops and recharge reservoirs and aquifers. Half of the country's farmland is not irrigated, so some crops are heavily dependent on rains between June and September. Heavy rains would help lower food prices, curb inflation, and boost...

According to ASAP Agri, export prices of Ukrainian corn offers continue to grow, and hand-sized lots for delivery in April-May are now offered at $256-259/t CIF Marmara, while a week ago prices were $255/t, and Turkish buyers are willing to pay no more than $251/t.   Let us recall that it was the decision of the Turkish government to reduce the customs duty on the supply of 1 million tons of corn that led to a sharp increase in corn prices in Ukraine. At the same time, the...

In the 2024/25 MY (as of April 13), the EU exported 16.67 million tons of soft wheat, which is 35% lower than last year's pace. Therefore, the EU is unlikely to be able to export the projected 26.5 million tons of wheat, which means that ending stocks will increase.   Forecasts of an increase in the wheat harvest and initial stocks in the new season are already putting pressure on quotes in the EU and limiting price growth in Ukraine.   On the Paris Euronext, May wheat...

The trade war between the US and China is slowing the development of the world's largest economies and driving down the prices of oil and commodities.   June Brent crude futures fell to a 4-year low in early April and are trading at $64.5/barrel (+2.4% for the week, -9.3% for the month).   Low oil prices are putting heavy pressure on palm oil prices, which are mainly used to produce biodiesel.   June CPO palm oil futures on the Bursa Malaysia exchange have...