Commodity markets

Grain market. Russia // Week 47

December 1, 2023

            Export quotes for Russian grains have inched up this week thanks to increased demand and reduced offer from farmers. The volume of concluded contracts for wheat sales amounted to 2.8 million t by November 21 (against 2 million t a month earlier), while exports in November are expected to reach 4.35 million t.

Grain market. Ukraine // Week 47

December 1, 2023

            Grain export trade has perked up slightly in Ukraine, supporting relevant quotes. Shipments by sea are still apportioned between the Danube and Black Sea ports (Odesa and Chernomorsk), exports through which in November are expected to reach 464,000 t and 943,000 t, respectively.

Grain market. USA // Week 46

November 24, 2023

            In the U.S., wheat export prices have declined under pressure from heavy global supply, as well as past rains favorable for crops. However, crop conditions have deteriorated during the week, which should have supported quotes.

Grain market. South America // Week 46

November 24, 2023

            Corn prices have risen in Brazil due to concerns about potential production volumes. Delayed soybean planting, along with weather conditions and expectations of reduced planting area, is also weighing on potential corn production.

Soybean market // Week 46

November 24, 2023

            In the U.S., soybean export quotes have increased amid high importers’ interest and concerns about weather conditions in Brazil. Domestic demand for soybeans also supported the export quotes amid reports of a record processing volume in October.

Coal market // Week 46

November 23, 2023

            Quotes for imported thermal coal have sagged on the West European market. Consumers do not hurry to buy new volumes, expecting further price cuts. Deals are sporadic, most of them stipulate shipments in December.

Steel scrap market // Week 46

November 23, 2023

            Quotes for imported steel scrap keep are climbing up in Turkey owing to quite lively demand. ISM sources reported a number of fresh deals for the supply of steel scrap from the US and Europe.

Iron ore market // Week 46

November 23, 2023

            Iron ore prices on the rise despite sluggish trade on the primary market. Quotes are supported by the limited offer from major iron ore producers, shrinking stockpiles at Chinese ports and optimistic sentiment related to the upcoming economic developments in China.