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The cold weather did not damage crops in Ukraine, and sowing rates remain high
14.05.2024
As of May 10, 4.3202 million hectares of grain and leguminous crops were sown on the territory controlled by Ukraine, in particular: corn - 2.838 million hectares; barley - 779.9 thousand hectares; wheat - 244.9 thousand ha; peas - 161.6 thousand ha; oats - 165 thousand hectares; millet - 28.5 thousand ha; buckwheat - 14.8 thousand ha. In addition, already sown: sunflower 3.9637 million hectares, soybean - 1.2013 million hectares, sugar beets - 250.1...
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Purchase prices for grains in Ukraine on May 13, 2024
13.05.2024
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 13000 Sugar beet pulp gran 155 Corn 7267 ↑ 52 6240 ↑ 19 5395 ↑ 55 164 ↓ 3 170 137 228 ↓ 6...
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Soybean prices rose, despite USDA experts increasing forecasts of soybean production and stocks in FY 2024/25
13.05.2024
The new 2024/25 soybean balance sheet, released in WASDE's May supply and demand report, sharply raised forecasts for global soybean production, consumption, exports and stocks. But this did not lead to a drop in prices, as traders took into account the rise in wheat prices and a decrease in the forecast of soybean stocks in FY 2023/24 by 2.44 to 111.78 million tons due to an increase in the consumption forecast by 2.45 to 383.5 million At the same time, analysts estimated reserves at...
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USDA experts downgraded the forecast of corn stocks in the current and next season supported the quotation
13.05.2024
The new 2024/25 maize balance sheet, released in WASDE's May supply and demand report, lowered forecasts for world production, exports and stocks, but raised estimates for consumption, leading to higher quotes. At the same time, pressure on prices reinforced the reduction of forecasts for the 2023/24 FY corn harvest for Brazil by 2 to 122 million tonnes and Argentina by 2 to 53 million tonnes, while traders expected a larger adjustment. In comparison with the...
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Wheat prices rise to 9-month high amid USDA cut in FY2024/25 ending stocks estimate
13.05.2024
Wheat prices continue to rise against the backdrop of frosts in northern Europe and the Russian Federation, as well as a reduction in USDA experts' assessment of world wheat stocks to a 10-year low. WASDE's May supply and demand report raised the global wheat production forecast to a record high. However, increased consumption and exports in FY 2024/25 will lead to a reduction in ending stocks. In comparison with the balance for 2023/24 MR, the new wheat...
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Purchase prices for grains in Ukraine on May 10, 2024
10.05.2024
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 13000 12500 Sugar beet pulp gran 155 Green peas 11900 Corn 7159 ↑ 24 6168 5442 ↑...
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Rainfall in the US and EU, heat in Brazil and improved weather in Argentina will weigh on grain markets next week
10.05.2024
Heavy rains in the Midwest and Central and Southern Plains of the US are delaying planting, but improving moisture reserves and crop condition amid cooler temperatures. In the south-west, the condition of wheat crops is improving, but in some regions, even after recent rains, the moisture deficit remains. Intermittent rain and normal temperatures will help seeding and crop development next week. Canada's prairies received rain this week, replenishing moisture reserves, though...
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Adverse weather delays soybean and corn harvest in Argentina
10.05.2024
The Buenos Aires Grain Exchange (BAGE) has warned that due to warm and dry weather, soybean yields will be lower than expected, so the 2023/24 FY production forecast, which currently stands at 51 million tonnes, may be lowered. In northeast Argentina, weather is delaying soybean harvest and yields are lower than forecast. As of May 8, soybeans were threshed on 47.8% of the area, which is 13% less than the 5-year average. At the same time, corn is threshed by 23.4%, as the high...