Grain market. Russia // Week 41
In Russia, grain export quotes have been mostly decreasing. Huge export potential and insufficient demand are the main reasons for such price dynamics.
Commodity markets
Grain market. EU countries // Week 41
EU grain prices continue to decline amid competition with traders from the Black Sea region and good export forecasts. Thus, analysts at FranceAgriMer have raised wheat export forecast from France in the current season by 300,000 t to 9.8 million t.
Grain market. Ukraine // Week 41
Mixed price dynamics have been reported on the Ukrainian grain export market. Export shipments and trade continue despite ongoing attacks by Russia, although the volumes are smaller than last year.
Sunflower oil market. Ukraine // Week 41
Ukrainian sunflower oil for November shipments is offered at $800/t CIF Mersin, but buyers’ ideas do not exceed $790/t.
Steel scrap market // Week 41
Demand for imported steel scrap is weak in Turkey. Most local mills refrain from purchases. They have to increasingly reduce offer quotes for their rebar amid almost dead sales. Steel scrap prices have plunged over the week.
Iron ore market // Week 40
There is a lull on the Chinese iron ore market due to the holiday from September 29 to October 6 devoted to the Mid-Autumn Festival. Indicative prices hold steady.
Coal market // Week 40
In early October, the offer of imported thermal coal was limited on the West European market, but this fact has failed to support the corresponding quotes. Importers’ demand is moderate. Players have reported a number of signed deals for high-calorie coal, but without any contract details so far.
Grain market. USA // Week 40
U.S. wheat prices have declined due to large global supplies and increased U.S. production estimates. Players have reported higher buying interest in wheat of various origins from Asian importers as world supplies are expected to tighten and prices are projected to rise in the coming months due to lower production in Australia and Argentina.
Grain market. Kazakhstan // Week 40
Prices for Kazakh wheat are growing, which reduces the interest of major importers in signing new deals. This year’s harvest problems remain the key reason for the upturn.
Grain market. Russia // Week 40
Grain export quotes have shown a noticeable drop on the Russian market. Pressure on prices came from slow trade caused by heavy crop and high export potential this season. According to country’s Agriculture Ministry, the gross grain harvest may reach 135 million t including 90 million t of wheat