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After the tender in Algeria, wheat futures in the USA fell by another 1.6-3.9%
07.03.2024
Wheat quotations on world exchanges continue to fall, and after yesterday's tender in Algeria, they fell another 1-3.9%, not reacting to data on increased purchases by the main importing countries. In two sessions, wheat quotations in Kansas and Chicago fell by 4.4% and 6.3%, respectively, and on the European exchange - by 2.5%. Yes, yesterday the May futures for wheat fell: by 3.9% to $195.1/t - for soft winter SRW wheat in Chicago, by 2.4% to $204.4/t - for hard winter...
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Purchase prices for grains in Ukraine on March 6, 2024
06.03.2024
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 2750 Peas 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Green peas 19000 ...
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Wheat quotations fell by 1.6-2.4%, despite the deterioration of crops in the US
06.03.2024
In anticipation of the USDA's March report, wheat prices on global exchanges continue to fall, not reacting to forecasts of a reduction in the new season of wheat production, as well as ending stocks to a 10-year low. According to the NASS USDA weekly report, the number of winter wheat crops in good or excellent condition during the week decreased by 3% to 43% in Texas, by 5% to 65% in Oklahoma, and by 4% to 53% in Kansas. But traders are more concerned about the...
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Palm oil in India is already more expensive than soybean and sunflower oil
06.03.2024
Palm oil futures in Malaysia rose for two straight weeks on forecasts of reduced production and inventories in February. However, India's reduction in palm oil imports in favor of soybean and sunflower oil may stem the rise in prices. May palm oil futures on Bursa Malaysia yesterday rose 1.3% to 3,986 ringgit/t or $842/t (+1.5% on the week). Traders are waiting for a statistical report, where the estimate of oil reserves in the country may be reduced (for the first time in 6...
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Rains are improving prospects for Brazil's soybean crop, putting pressure on prices
06.03.2024
According to the AgRural agency, as of February 29, soybeans in Brazil have been harvested on 48% of the area, which is 5% higher than last year's pace, despite periodic rains. 86% of the planned areas (70% last year) were sown with second-harvest corn in the central-southern region. The rains are improving the prospects for the harvest, so StoneX analysts have increased the forecast of soybean production in the country in 2023/24 MR by 1.2 million tons to 151.5 million tons,...
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Purchase prices for grains in Ukraine on March 5, 2024
05.03.2024
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 2750 Peas 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Corn 6075 ↑ 6 4789 4342 ...
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The demand for corn in the ports of Ukraine remains quite high
05.03.2024
Thanks to active exports, the demand for corn in the Black Sea ports of Ukraine remains quite high, although prices are pressured by a decrease in world quotations. According to the Ministry of Infrastructure of Ukraine, there are currently 113 ships waiting to enter the ports of Odesa, Chornomorsk and Pivdenny, which will export about 3 million tons of cargo. In February, the Black Sea Corridor showed the two best indicators since the beginning of the full-scale...
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Rapeseed prices were supported by lower crop forecasts in the EU and India
05.03.2024
The agency Strategie Grains, as a result of the reduction in the area of rapeseed sowing, lowered the forecast for the harvest in the EU in 2024 from 18.4 to 18.3 million tons, which will be 8% less than last year's 19.9 million tons. A significant reduction in production in most EU countries, especially in Romania and Poland, will increase rapeseed imports to Europe, primarily from Ukraine and Australia, although the supply in these taps will be limited. Shipping problems in...