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Purchase prices for grains in Ukraine on May 16, 2024
16.05.2024
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3200 Peas 12750 Rye grade IV 4400 Sugar beet pulp gran 155 Corn 7400 6369 6100 5613 164 ↓ 1...
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Rapeseed and canola prices eased after touching multi-month highs
16.05.2024
Rape prices on the Paris stock exchange hit their highest level since July 2023 on Monday on news of frost damage to crops in northern Europe. Following them, canola quotes rose sharply, but they were cooled by the decision of the Administration of the President of the USA not to impose a duty on the import of used vegetable oil from China for the production of biodiesel, which also reduced the prices of soybean oil. U.S. biodiesel production uses canola oil from Canada in addition to soybean...
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Oil prices remain steady amid declining demand forecasts, despite declining US inventories
16.05.2024
For two weeks now, oil prices have remained stable, as the increase in global production is offset by forecasts of a reduction in demand. In the Russian Federation, oil production increased, but its exports decreased in April, but soon, together with other OPEC+ countries, the Russian Federation may increase exports. July Brent oil futures on the ICE Futures exchange in London yesterday rose by 0.4% to $82.8/barrel (-0.8% for the week, -7.5% for the month). The...
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Drought in Mexico increases demand for imported grain
16.05.2024
Mexico is actively harvesting winter crops, but the prolonged drought has led not only to a reduction in the area sown to wheat and corn, but also significantly reduced their yield. In Mexico, almost all wheat is grown on irrigated land, so sufficient water levels in dams are essential for a good harvest. But due to dry weather, this year's water level in reservoirs was insufficient. The drought also reduced corn production, which the USDA FAS estimates will be...
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Purchase prices for grains in Ukraine on May 15, 2024
15.05.2024
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 3200 Peas 12750 Sugar beet pulp gran 155 Corn 7327 ↓ 9 6296 ↑ 62 5606 ↑ 111 166 ↓ 1 180 139 230 ↓ 5...
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Frosts in the Russian Federation damaged 500,000 hectares or 0.8% of the area under warm crops
15.05.2024
Frosts in the central regions of the Russian Federation led to a speculative increase in world wheat prices. We will remind that the authorities of the Russian Federation imposed a state of emergency in the Tambov, Lipetsk, Voronezh and part of the Volgograd regions due to frost. This year's candidate for the post of Minister of Agriculture of the Russian Federation, Oksana Lut, reported that 500,000 hectares of land will have to be reseeded due to frost...
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Purchase prices for corn in Ukraine are increasing against the backdrop of speculative wheat price increases
15.05.2024
A sharp speculative increase in wheat prices, caused by frosts in the Russian Federation and the USDA's forecast of a decrease in global ending stocks in 2024/25 MR, increased the pressure on corn quotes, which have no fundamental support factors, as the harvest and stocks are expected to be quite high. During the week, the purchase prices for corn in Ukraine rose by $5-8/t to $170-175/t or UAH 7,600-7,800/t with delivery to Black Sea ports against the backdrop of an increase...
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India in April increased imports of palm and soybean oil, but reduced the purchase of sunflower
15.05.2024
According to the Association of Oil Producers SEA, against the background of low prices for palm oil, India increased its imports in April by 40.9% compared to March to a 3-month maximum of 684,094 thousand tons, and soy oil - by 76.4% to 385,514 thousand tons , reducing the import of sunflower oil by 47.3% to 234,801 thousand tons. The total import of edible oils in April grew by 13% to 1.3 million tons. Crude palm oil (CRO) is offered for delivery in June at a price of $920/t CIF...