Grain market. USA // Week 25
Drought in key farming areas of the US Midwest had a negative impact on corn and soybean crops, raising concerns about production prospects and pushing prices up.
Commodity markets
Grain market. Kazakhstan // Week 25
In Kazakhstan, grain prices have declined amid weak importers’ demand and competition with Russian traders. At the same time, buyers continue to insist on additional discounts.
Grain market. Russia // Week 25
Quotes for Russian grains have grown this week. Prices got some support from successful tender in Algeria. During the tender, local buyers have contracted about 400,000 t of wheat, mainly of Russian origin, at $261.5-264.5/t C&F for shipment in August.
Grain market. EU countries // Week 25
Prices for EU grains have surged amid concerns about the new harvest, although export trade is moderate.
Sunflower oil market. Ukraine // Week 25
On Monday, Ukrainian sunflower oil suppliers entered the market with rather high offer price of $905/t (hereinafter bss CIF Mersin) for June-July shipments, but importers were not going to agree to more than $850/t (as Russian oil was available at $850-860/t).
Iron ore market // Week 25
Prices for imported iron ore, particularly those for Australian origin, have decreased somewhat in China after June 19 due to sluggish demand, declined sales of finished steel products as well as abundant inflow of Australian ore into the Chinese market.
Steel scrap market // Week 25
Turkish steel mills avoid purchasing large-tonnage lots of imported steel scrap amid weakening lira and slow sales of steel products.
Coal market // Week 25
Quotes for imported thermal coal have been growing in ARA ports for the third week in a row, although trade remains dull in the region. Stocks of coal are quite large, while consumption is low.
Grain market. Ukraine // Week 25
Export quotes for Ukrainian grains have shown an upturn, although trade remains dull given uncertainty about the functioning of the grain corridor (players discuss information about Russia’s withdrawal from the agreement starting July 1).
Grain market. Ukraine // Week 24
Prices for Ukrainian wheat have stabilized, while those for barley and corn have dropped amid continuing inspection delays and uncertainty about the future work of the grain corridor.