Soybean prices are on the decrease in the United States as harvesting progresses. By September 17, farmers have harvested 5% of planned soybean crops (3% last year and a five-year average of 4%). Softening soybean meal and oil markets have additionally affected soybean quotes.
Large volumes of corn shipped from Brazil, along with growing competition from the U.S., are putting pressure on global prices. According to Conab, farmers harvested 96% of the 2022-23 safrinha corn crop by September 17, while harvesting was already complete by the same time last year.
Corn prices are on the decrease in the United States as harvesting progresses. By September 17, farmers have harvested 9% of planned corn crops (7% last year and an average for 5 years) and planted 15% of the projected areas under winter wheat (19% and 16%, respectively).
About 683,000 tonnes of grain were exported from Ukraine by railways during the period started September 1 and ended September 20 compared with 876,000 t during the entire August. Almost 519,000 t of grain were exported through the western land border crossing points in September 1-20
Approximately 9,500 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on September 20 compared with 8,800 wagons in late August.
At a meeting held by Ukrzaliznytsia with Hungarian carriers, a representative of Rail Cargo Hungaria said that after the successful processing of grain transshipment for transportation to Italy, he expects an increase in the number of train departures in this direction.
Last week, logistics operator Treeden Group put into operation the first stage of a freight rail terminal in Wola Baranowska (Poland), which will operate as a customs warehouse.
PJSC Ukrainian Danube Shipping Company is strengthening its cooperation with the world’s largest grain traders; agricultural products will be transported from the Danube ports of European countries to Constanta.
As many as 179 wagons were transferred daily through the the Vadul-Siret – Dornesti (Romania) land border crossing in September 1-19 (down 8 wagon compared with September 1-12).
The European Commission does not extend the temporary restriction on imports of Ukrainian agricultural products to Poland, Hungary, Romania, Slovakia and Bulgaria, provided that Ukraine complies with measures that will avoid a significant increase in grain imports.