Corn prices have decreased in the United States amid improved crop conditions and forecasts of favorable weather. Additional pressure on corn prices was put by weak demand from U.S. ethanol producers. In addition, private exporters reported selling a total of 251,460 t of corn to Mexico.
Prices for Brazilian corn have inched down due to heavy crops. AgRural analysts raised their estimate for total corn production from 132.3 million t to 135.4 million t. According to Safras&Mercado, farmers harvested 60.3% of safrinha corn by August 4 (74.5% last year).
Export quotes for soybeans have dropped in the United States amid improved crop conditions and forecasts of favorable weather. New crop oilseeds are offered at $527-528/t FOB Gulf of Mexico for shipments in October. Private exporters reported selling a total of 383,000 t of soybeans to China.
There were about 8,700 wagons with various goods waiting to be transferred through Ukraine’s western land border crossing points as of August 17 compared with 7,390 wagons seen in late July.
PJSC Ukrainian Danube Shipping Company (UDP) has announced so-called English auctions for transportation of agricultural products by barges from Ukrainian ports on the Danube to the seaport of Constanta in October.
A total of 82.7 million tonnes of various goods were transported in the Ukrzaliznytsia railway network in the period from January 1 to July 30, 2023, down 13% year-on-year.
A total of 235,000 tonnes of grain were exported from Ukraine by railways during the period started August 1 and ended August 10, 2023. Note that the corresponding transportation volume averaged about 805,000 t in July.
A dry port is planned to be built in the village of Horonda in the Mukachevo community. The Horonda Platform project will be implemented together with Italian partners. Located 29 kilometers from the border with Hungary and Slovakia
AgroVista Holding has sent the first vessel loaded with new crop wheat of grade 3 to Greece. The next vessel is expected to be sent to Spain.
On August 9, a total of 1,639 wagons were waiting in a queue at the Izov station (556 wagons with ore, 329 wagons with metals, 434 wagons with cakes, 108 containers), while 1,046 wagons (483 with metals, 369 containers, 163 with grain, 30 with cement) were standing at the Mostyska-2 station.