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IGC experts lowered the forecast for world grain production in 2024/25, but it will exceed the previous season by 15 million tons
27.05.2024
In a May report, IGC experts estimated world grain production in FY 2023/24 at 2.297 billion tons, which would exceed the 2022/23 FY harvest by 1.36%. At the same time, the grain consumption forecast was increased by 2% compared to the previous season to 2.311 billion tons, as a result of which the estimate of final stocks was reduced by 2% to 588 million tons, in particular wheat stocks – by 6%. As a result of unfavorable weather conditions for crops in Ukraine, the Russian...
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Purchase prices for grains in Ukraine on May 27, 2024
27.05.2024
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 12250 Buckwheat 480 Sugar beet pulp gran 155 Corn 7800 ↓ 43 6532 ↑ 44 5866 169...
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Soybean harvests in Argentina have increased, while corn harvests are still well below the annual average
27.05.2024
According to the Buenos Aires Grain Exchange, as of May 23, 17.4 million tons of corn were threshed in Argentina from 2.12 million hectares or 28.2% of the planned harvest area with an average yield of 8.19 tons/ha. Exchange experts note that corn harvest rates are at least 6 weeks behind the 5-year average, and yields vary greatly by region. Also, on the specified date, 41.29 million tons of soybeans were threshed from 13.24 million hectares or 77.9% of the areas...
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Sunflower prices in Ukraine remained stable during the week
27.05.2024
Sunflower prices in Ukraine remain stable as processors reduce demand and some plants prepare to process canola. According to Spike Brokers, the current asking prices for sunflower are: DAP Ukraine (regions) – $370-395/t, DAP Bulgaria (center) – $450-455/t, DAP Bulgaria (port) – $445-450/t, CIF Turkey (port) - $455-460/t. Demand prices for sunflower oil are now as follows: FCA Ukraine (regions) – $750-770/t, DAP Ukraine...
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Purchase prices for grains in Ukraine on May 24, 2024
24.05.2024
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 12250 ↑ 3060 Buckwheat 480 Rye grade IV 4400 Sugar beet pulp gran 155 ...
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The growth of soybean prices in Ukraine has stopped due to a decrease in export demand
24.05.2024
The completion of soybean harvesting in Brazil and Argentina increased the volume of supply on the world market, which led to a decrease in export demand for Ukrainian soybeans and soybean meal and pulp. Traders have completed soybean purchase programs at ports, so prices remain at $400-415/t or UAH 18,500-19,000/t for GMO soybeans with delivery to Black Sea ports and $460-465/t for non-GMO soybeans with delivery to Danube ports. Processors buy soybeans with GMOs at...
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Increases in palm oil production and inventories have not yet led to lower prices, but could do so in Q2
24.05.2024
Palm oil futures in Malaysia traded flat during the week, despite data on increased production and reduced exports, which will lead to higher inventories and lower oil prices. July palm oil futures on Bursa yesterday rose 0.6% to 3,892 ringgit/t or $828/t (+2.3% on the week) amid rising soybean and sunflower oil prices, which could lead to to the activation of palm oil exports, especially in view of the reduction of stocks in China and India. According to the Palm Oil...
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Dry weather in Ukraine and the Russian Federation continues to worry traders
24.05.2024
In the USA, Canada and Western Europe, favorable rains for crops have passed, but dry weather in the Black Sea countries reduces the potential of the future harvest. Favorable weather remains in the Midwest and US Plains, and rains forecast for the next few days will slow down planting, but will replenish moisture and improve crop condition. Farmers are actively sowing spring wheat and corn between rains, so they can finish the work next week. Normal temperatures will help crops...