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Forecasts of a reduction in palm oil production due to the worst floods in a decade in Malaysia are fueling speculative growth in quotes. They are also supported by higher export duties and taxes in Indonesia, the world's largest exporter of palm oil.   Indonesia raised the base price of crude palm oil (CPO) from $961.97/t in November to $1,071.67/t in December, raising the export duty from $124/t to $178/t.   India increased edible oil imports to a 4-month high in...

Statistics Canada (StatCan) released harvest estimates for major crops on December 5. The report is based on a survey of 27,200 farmers, while previous reports for August and September were based on models using satellite images. Compared to September estimates, wheat harvest forecasts have been increased, while canola, soybean, corn, and barley forecasts have been decreased.   Canada's 2024/25 wheat crop is expected to grow 6.1% year-over-year to 34.96 million tons (USDA...

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, $ FOB, $ DAF, $ CIF, $ Vetch 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 362 ↓ 16 Buckwheat 11500 ...

In recent months, the pace of corn exports from Ukraine has been slowing down due to a reduction in demand from the EU and increased competition with South American grain.   In 2024/25 MR (as of December 4), Ukraine exported 7.4 million tons of corn, which is 14% ahead of last year's pace (6.47 million tons).   Against the background of a decrease in offers from producers, the export demand prices for corn in Ukrainian Black Sea ports increased by $2-3/t during the...

Palm oil was typically the cheapest among other vegetable oils due to its lower quality and traded at a discount of $100-150/t to soybean oil and $200-300/t to soybean oil.   But for the current season amid a sharp increase in global soybean production, soybean oil quotes in Chicago have fallen to $910/t and are trading $220/t lower than palm oil in Malaysia.   February palm oil futures on Bursa rose to 5,032 ringgit/t or $1,135/t due to increased demand for palm oil from...

For the fourth month in a row, activity on the agricultural land market in Ukraine is increasing. In October, 11,300 contracts for the sale of plots with a total area of more than 25,200 hectares were concluded, which is the highest figure for the entire period of full-scale invasion, KSE Agrocenter reports in a new analytical review.   Thus, in October, compared to September, the number of concluded agreements increased by 13%, and the total turnover of land - by 11%, which is 62%...

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released new forecasts in its quarterly crop report on December 3. According to them, in 2024/25 MY, the production of winter crops in Australia will increase compared to the previous season by 16% to 55.1 million tons, despite significant differences in growing conditions in different states. And the total harvest of 2024/25 MR will exceed the average 10-year indicator (47.1 million tons) by 17% and will become...

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, $ FOB, $ DAF, $ CIF, $ Vetch 13000 Wheat mill offals 5350 Mustard seeds 25000 24875 Peas 13000 11200 330 Buckwheat 11500 270 ...