Grain market. Ukraine // Week 42
Export quotes for Ukrainian grain have inched down further amid the general market trend in the Black Sea region and insufficient importers’ demand.
Commodity markets
Grain market. EU countries // Week 42
The EU grain market has seen an increase in export prices amid the interest from key importers. Some support to quotes also came from decreased wheat export forecast by the USDA to 36.1 million t in the current season.
Grain market. Russia // Week 42
Export quotes for Russian grain have been actively declining amid low demand and a large number of offers. The slowdown in trade has already affected Russian exports, with mere 896,300 t of grain exported during the week of October 11-17.
Grain market. Kazakhstan // Week 42
In Kazakhstan, wheat prices remain quite high amid crop problems. Grain harvesting is nearing completion, and 30 to 40% of wheat harvested this year will be sprouted, farmers’ estimates show. Such grain can be used exclusively for fodder.
Grain market. USA // Week 42
U.S. corn prices got support from decreased forecast of world production by IGC analysts and continuing problems with logistics on the Mississippi River. Nevertheless, the price upturn was restrained by corn harvesting campaign in the U.S. and abundant global supplies.
Grain market. Australia // Week 42
Harvesting of winter grain crops continues in Australia, with about 20% of the total area already processed. In the week to October 15, 67,862 t of grain were delivered to the Viterra network; the company has already received a total of 76,925 t.
Grain market. South America // Week 42
Weather concerns in Brazil have become an important pricing factor. The south of the country is receiving a lot of rain, while the north is facing a prolonged period of drought and heat, indicating the El Niño weather phenomenon.
Soybean market // Week 42
Quotes for U.S. soybeans have increased due to strong domestic and importers’ demand.
Market of complex and potash fertilizers // Week 42
The global phosphate fertilizer market remains nearly unchanged. Demand is low in Latin America, with quotes stable in most cases. MAP 11:52 is offered at $550/t C&F Brazil and $590-600/t C&F Argentina.
Nitrogen fertilizer market // Week 42
Earlier this week, Egyptian producers were offering granular urea at $420/t FOB. Fertiglobe sold 50,000 t of the fertilizer to EFC at $405/t FOB and 6,000 t at $400/t FOB. MOPCO sold 6,000 t of urea and a 10,000 t stem at $400/t FOB.