News

China plans to significantly reduce the use of corn in feed, replacing it with alternative ingredients, in particular soybean meal, amid a sharp increase in soybean imports over the past two seasons.   In the October report "China Agricultural Supply and Demand Estimates" (CASDE), the forecast for corn feed consumption in the 2026/27 MY was reduced compared to the September estimates by 9.1 million tons from 209.6 to 200.5 million tons, and in the current 2025/26 MY - by...

The Algerian State Grain Agency OAIC purchased about 600 thousand tons of food wheat at an international tender on October 13, with delivery in two periods - December 1-15 and 16-31, 2026, at a price of $326-326.5/ton C&F (including freight costs).   Wheat can be supplied from the Baltic countries, Romania, Bulgaria and Argentina.   Recall that in the previous tender in mid-September, the OAIC purchased about 500 thousand tons of food wheat at a price of $319-321/ton...

As reported by Bulgarian Prime Minister Rumen Radev, for the second time in a week, cargo ships have been attacked by unknown drones off the country's coast, Reuters writes.   Thus, on the night of October 13, approximately 33 km off the coast of Bulgaria, three drones attacked the Odessa-registered vessel Chelsea 3, registered under the Maltese flag, which was sailing from Turkey to Romania. 15 crew members (seven Ukrainians and eight Azerbaijanis) were rescued from the damaged...

Ukraine's grain market remains under pressure from increasing new-crop supplies in mid-October. This is particularly evident in the corn market, where substantial supplies in central regions are combined with farmers' need to free up storage capacity and high transportation costs to ports. At the same time, milling wheat and barley continue to command considerably higher prices in the direction of export infrastructure.   Corn is quoted at around UAH 8,000/t on a CPT terminal...

Dry and warm weather in Ukraine has allowed farmers to thresh over ⅔ of the sunflower and soybean acreage, which is rapidly increasing the supply of the new crop and continuing to put pressure on sunflower prices in Ukraine.   As of October 12, 7.44 million tons of sunflower were harvested in Ukraine from 3.44 million hectares or 66% of the area, with an average yield of 2.16 tons/hectare, which increases supply on the domestic market.   The constant shelling of Ukraine...

Palm oil quotes are showing speculative growth on forecasts of a reduced harvest in Indonesia, which supports soybean and sunflower oil prices, as demand for them from importers will increase as palm oil prices rise.   As analysts expected, Malaysian palm oil stocks reached a record high of 3.51 million tonnes at the end of September, amid four consecutive months of increased production and a simultaneous decline in exports.   December palm oil futures on the Bursa...

In their October report, USDA experts made almost no changes to the world wheat balance, but again lowered the forecast for wheat exports from the Russian Federation and left the export forecast for Ukraine unchanged , which surprised the market, because due to the blockade of Black Sea ports, export rates continue to fall in both Ukraine and the Russian Federation.   But even without wheat supplies from Ukraine and the Russian Federation, world wheat prices continue to fall as...

According to the Ministry of Agrarian Policy, as of October 12, 37.144 million tons of grain and legume crops were harvested from 7.567 million hectares or 65.2% of the planned area in Ukraine, with an average yield of 4.91 tons/ha. For comparison, last year, on October 9, 33.032 million tons of grain and legume crops were harvested from 7.674 million hectares or 67% of the area, with an average yield of 4.3 tons/ha.   In terms of crops, the following have been threshed so...