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As we predicted , the speculative growth in rapeseed quotes in Paris was very rapid and not based on fundamental factors, so February futures have collapsed by 5% since Monday.   The 8% drop in soybean and soybean oil quotes in Chicago and palm oil in Malaysia since the beginning of the week is also putting pressure on the rapeseed and rapeseed oil market.   On the Paris exchange, February rapeseed futures fell 3.2% yesterday to €520.75/t or $540.5/t (-5% since the...

Global vegetable oil markets remain under pressure from forecasts of a record soybean harvest in South America, reduced demand and soybean processing volumes in the US, and the approval of year-round sales of gasoline with a high ethanol content.   February palm oil futures on the Bursa exchange in Malaysia fell 4.3% yesterday to 4,529 ringgit/t or $1,014/t (-8.3% since the beginning of the week, -13.3% in two weeks) on the back of falling demand, failing to respond to the increase...

Favorable weather in South America and reduced soybean processing in the US led to a drop in soybean futures in Chicago to a 4-year low.   This week, January soybean futures on the Chicago Board of Trade fell 3.8% to a 4-year low of $349.7/t (-4.8% for the month, -35% for the year).   According to the NOPA association, the volume of soybean processing in the US in November decreased by 11% compared to October to 5.287 million tons, while traders predicted it at 5.35...

The European Parliament on Tuesday finally agreed to a one-year delay to a deforestation law that was due to come into force on December 30, 2024 and would have banned imports of soya, beef and other products linked to deforestation into the EU. The agreement by lawmakers will allow EU countries to also approve the delay, which they will do within a week.   The delay in passing the deforestation law is a blow to the EU's green agenda, which is opposed by some industries from...

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 5750 Mustard seeds 25000 25000 Peas 13500 11325 Rye 9000 Rye grade II 9000 Coriander 21500 ...

A slight increase in export prices for corn led to an increase in purchase prices in Ukraine to the level of the beginning of the season, which stimulated sales by farmers.   This week in Ukraine, export demand prices for corn at Black Sea ports increased by $2-3/t to $202-204/t as traders try to ramp up deliveries. Hryvnia prices rose by UAH 100-150/t to UAH 9,550-9,650/t due to the appreciation of the dollar.   In the first half of December, the rate of corn exports from...

Cereal crops in Europe are generally in good condition as recent rains have revived them after a dry start to autumn. However, cereal crops in the Black Sea countries do not have enough to last until winter, the EU's crop monitoring service ( MARS ) said on Monday.   According to MARS , dry weather in Western Europe allowed farmers to complete sowing, albeit with a delay, while in Central and Northern Europe, rains significantly replenished soil moisture reserves, and a slight...

Yesterday, at 5:00 PM on the interbank foreign exchange market of Ukraine, the dollar was quoted at 41.88/41.93 UAH/$, and the euro at 43.99/44.03 UAH/€. On December 18, the National Bank set the official dollar exchange rate at 41.83 UAH/$, weakening the hryvnia by 9 kopecks compared to the previous indicator. Thus, for the second day in a row, the dollar exchange rate has renewed its historical maximum. The euro exchange rate is set at 43.91 UAH/€, i.e. the hryvnia has lost 10...