Soybean market // Week 28
USDA experts have noticeably reduced the forecast of soybean production in the USA (-5.7 millionb tons to 117.03 million tons) due to smaller planting areas.
Вантажi: Grain
Grain market. Australia // Week 28
In Australia, barley prices have increased amid the ongoing tariff dispute with China.
Grain market. South America // Week 28
The Brazilian corn market remains stable. Producers are focusing on soybean sales and refrain from selling corn.
Ukraine planning to organize temporary route for grain exports from ports
The Ministry of Communities, Territories and Infrastructure Development of Ukraine has applied to the UN International Maritime Organization with a statement of intent to temporarily use the recommended sea route for grain exports after the shutdown of the Grain Initiative.
Grain market. USA // Week 28
Prices for U.S. wheat have decreased following higher production estimates in the country (+2 million tons to 47.3 million tons) and the ongoing harvesting campaign (winter wheat harvesting was 46% complete by July 9), which lags behind last year and a five-year average pace (62% and 59%, respectively).
Grain market. Kazakhstan // Week 28
Prices for Kazakh wheat are stable, trade is inactive. According to some exporters’ estimates, wheat and flour exports from Kazakhstan in the current season may reach 8.8-9 million t.
Grain market. Russia // Week 28
Players note that the retreat of leading foreign grain traders from Russia (since July 1) has not yet affected the pace of sales and exports.
Grain market. EU countries // Week 28
Prices for EU grains have been showing mixed dynamics. In its July forecast, Strategie Grains’ lowered the estimate of the EU 2023-24 wheat crop by 2.5 million t to 126.2 million t.
Grain market. Ukraine // Week 28
April (note that 178 and 180 vessels used the corridor in September and October 2022, respectively).
Handling at Ukraine – Romania and Ukraine – Moldova border crossings*
Up to 141 wagons per day were transferred through the the Vadul-Siret – Dornesti (Romania) land border crossing as of July 18 (down 10 wagons compared with the previous week).