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The war with Iran has led to a sharp increase in oil prices by 36% in 2 weeks, which should have contributed to a similar increase in vegetable oil prices, but biofuel producers are not in a hurry to raise prices yet, expecting that oil will soon become cheaper. Therefore, palm oil quotes, which are most correlated with oil prices, have increased by only 12% since the start of the war.   May soybean oil futures on the Chicago SWOT have risen by 8.7% since the start of the war with...

The war in Iran is dragging on, and analysts no longer hope for a quick end to the blockade of oil exports from the Persian Gulf, so oil prices have again exceeded the psychological level of $100/barrel (+36% in two weeks), and prices for all agricultural goods related to biofuel production have accelerated their growth.   March futures for US soybeans in Chicago rose 4% to $450/t in a week (+4.9% since the start of the war), supported by an 8.7% increase in soybean oil prices in two...

The war with Iran continues, but the situation is not getting better. The US and Israel continue air strikes, and Iran attacks everything it can reach with drones: terminals, ships, oil depots, and continues to threaten to blockade oil exports from the Persian Gulf.   Yesterday, a speech was released (without video) by Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, in which he declared that Iran would block the Strait of Hormuz and continue attacks on neighboring Arab...

The war with Iran has been going on for 13 days. While the US and Israel are destroying the military potential of the ayatollah regime, Iran is causing damage to the global economy by attacking the oil and gas infrastructure of the Middle East and tankers carrying petroleum products. Iran's main weapon remains the blockade of free shipping in the Persian Gulf, namely the Strait of Hormuz.   Following news of Iran's mining of the Strait and damage to three tankers attempting...

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, $ DAF, $ CIF, $ Wheat mill offals6000 ↓ 250Mustard seeds32500Peas11300200Coriander32000Corn104468768 ↓ 138600 ↓ 66213214235Soybean hulls granulated150Flax30000Soybean meal350Chick-peas25000Sunflower...

Demand for corn in Egypt has fallen sharply due to a reduction in feed production caused by high poultry mortality, and the weakening of the Egyptian pound by 15-20% in recent days is further worsening the situation.   Low temperatures and diseases led to an increase in chicken mortality of up to 40%, and on some small farms even up to 60-70%, which reduced the demand for feed, after which feed mills began to buy corn on the domestic market in small batches. At the same time, due to...

According to European traders, the Jordanian state procurement agency MIT purchased about 50,000 tons of feed barley of any origin from CHS in an international tender on March 11 for delivery in the first half of July at a price of $261.25/ton C&F.   Barley was also offered at the tender by Bunge (at a price of $266/t C&F), Olam ($264.64/t C&F), Cargill ($273.95/t C&F), Ameropa ($272.9/t C&F), Buildcom ($272.27/t C&F) and Dreyfus ($273/t...

Algerian state-owned company OAIS purchased 200,000 tons of milling wheat of any origin in a tender, Reuters reports.   The purchased wheat will likely be of Black Sea origin and should be delivered to the ports of Mostaganem and Tenes during the periods of April 1-15, April 16-30, May 1-15, May 16-31, June 1-15, June 16-30. Deliveries from South America or Australia should be made a month earlier.   The purchase price is not reported, but according to traders, it is...