US Soybean Futures Trend Downward Despite significant improvements in sowing rates and burgeoning supplies from Brazil, soybean futures in the United States persist on a downward trajectory. As observed on the Chicago exchange recently, July soybean futures dipped by 0.7% to $515.9/t, marking a 5% reduction for the month. The November futures were also impacted, … Read more
The grain trade negotiation, a critical aspect of global food security and international trade, has hit a roadblock recently. The discussions held on May 5, 2023, ended without a resolution, pushing the negotiation to be postponed until the following week. The situation presents challenges and potential shifts in the international grain market. The Unresolved Meeting … Read more
Drought-Induced Decline in Spain’s Olive Oil Production In the face of an extended drought, Spain, the world’s topmost producer, and exporter of olive oil, has witnessed a dramatic surge in the prices of its signature commodity. The International Monetary Fund (IMF) reports that global olive oil prices have risen to an unprecedented 26-year high of … Read more
Disruption in the Grain Initiative The Ukrainian Ministry of Reconstruction recently announced that Russian representatives have effectively halted the operation of the grain initiative by refusing to register and inspect vessels intended to move to Ukrainian ports via the grain corridor. Such actions contradict the existing agreement’s terms, causing significant disruption in the international grain … Read more
Global Wheat Prices and Political Tensions Wheat prices, after a dip last week, are witnessing a gradual recovery. This resurgence is attributed to the delay in planting spring wheat in the US, restrictions on Ukrainian exports, and doubts surrounding the continuity of the grain agreement. Ukraine exported 14.5 million tons of wheat in 2022/23MR, in … Read more
Soybean and palm oil prices have continued to rise, despite lower oil prices, as traders anticipate increased imports by China and India. In the context of the US Fed’s interest rate increase to 5-5.25% and an expected recession in the US economy, traders have turned to agricultural assets as a more attractive investment. This article … Read more
The Dominance of Ukrainian Oilseeds in EU Market In the 2022/23 marketing year, Ukraine emerged as the leading supplier of sunflower seeds, rapeseed, sunflower meal, sunflower, and soybean oil to the European Union. This significant import increase, up 68% from the previous season to 9.8 million tons, reshaped the EU’s import landscape for oilseeds. The … Read more
Amid the ongoing Russo-Ukrainian War, which escalated with Russia’s invasion and occupation of parts of Ukraine on 24 February 2022, the Russian Foreign Ministry announced that talks between Russia and the United Nations regarding the Black Sea grain deal are scheduled to take place in Moscow on May 5, 2023. UN’s top trade official Rebeca … Read more
EU Rapeseed Production Forecast Revised Upwards Strategie Grains experts have revised their EU rapeseed production forecast for 2023, increasing it from 19.5 to 20 million tonnes compared to April estimates. This boost in production is attributed to favorable weather conditions across most of Europe, which surpasses the previous year’s output of 19.4 million tonnes. The … Read more
In April 2023, grain exports from Ukraine experienced a decline compared to March, from 5.34 million tons to 3.62 million tons. Although this still surpasses the 923,000 tons shipped in April 2022, when all Black Sea ports were blocked due to Russian aggression, the challenges posed by the blockage of the grain corridor and EU … Read more