Grain market. USA // Week 51
U.S. wheat prices are under pressure from abundant global supplies and high competition, while support comes from tender activity. Corn prices have declined due to improved weather conditions in South America.
Commodity markets
Grain market. EU countries // Week 51
Mixed price trend is reported on the EU grain export market, although quotes have been mainly growing, supported by a sharp rise in the euro exchange rate and large tenders from key buyers.
Grain market. Ukraine // Week 51
The pace of export trade is gradually decreasing on the Ukrainian grain market, although quotes have grown this week. Only corn is being traded at the moment. Offers are coming at $227-230/t C&F Spain and $227/t C&F Egypt.
Soybean market // Week 50
In the U.S., the soybean market has firmed up on brisk export sales in the U.S. and weather concerns in Brazil. According to USDA, private exporters have reported selling a total of 730,000 t and 125,000 t of soybeans to unknown buyers for shipments during MY 2023-24 and MY 2024-25, respectively.
Grain market. Ukraine // Week 50
Export prices for Ukrainian grain have inched down by mid-December, although there are some preconditions for an increase. Thus, the domestic market is seeing competition between processing and export-oriented companies as farmers restrain sales.
Grain market. Australia // Week 50
Australian wheat prices have declined following the general trend, the ongoing harvesting campaign, as well as amid higher production (+1 million tons to 25.5 million tons) and export (+500,000 tons to 22 million tons) estimates by USDA experts.
Sunflower oil market. Ukraine // Week 50
The sunflower oil market remains sluggish, with offers on a CIF Mersin basis coming in at $875-880/t, and buyers willing to negotiate at $860-865/t. There is still no info about signed deals.
Grain market. South America // Week 50
In Brazil, corn export quotes are declining amid ample global supply. Anec forecasts December corn shipments at 7.14 million t (6.86 million t projected a week earlier). Lack of rainfall in some agricultural areas continues to be a concern, with first-crop corn planting in central and southern Brazil at 95% of plan (96% a…… Read more »
Grain market. USA // Week 50
In the U.S., wheat and corn prices are suffering pressure from USDA’s increased forecasts of global production and trade. In MY 2023-24, the global wheat harvest is expected to reach 783 million t (1 million t more than previously expected), while corn harvest is projected at 1.222 billion t (+1.3 million t). The estimate…… Read more »
Coal market // Week 50
There is a lull on the European market for imported thermal coal. The deliveries to consumers have been slowed down by an overflow on the Rhine. Our sources have reported offers of Kazakh coal in Europe. However, no fresh deals have been signed so far.