Grains Archives

Grain

EU agrees €50 billion loan for Ukraine, which will support Hryvnia exchange rate EU leaders have agreed to provide 50 billion euros in macro-financial assistance to Ukraine, European Council President Charles Michel said. "The decision, supported by all 27 EU member states, will ensure stable, long-term and predictable financing for Ukraine. The EU, aware of what is at stake, is taking the lead and responsibility in supporting Ukraine," Michel stressed. In 2024, Ukraine will need to attract $37-40 billion in external financing, part of which will be EU assistance. US aid would be very important, the decision on which the Trump-controlled Republicans are delaying to use as an argument in the US presidential election. In January, the revenues of the state budget of Ukraine amounted to UAH 154.9 billion, of which UAH 140.6 billion were internal revenues and UAH 14.6 billion were external revenues, mainly taxes: Taxes - UAH 60.2 bn, customs - UAH 47.3 bn, OVDP - UAH 32.8 billion, international assistance - $0.4 billion (UAH 14.6 billion). The work of the economy (without debts and grants) brought UAH 107.5 billion to the budget, which is a good indicator for peacetime, but now it is a very weak result, as similar volumes remain in the shadows. In January, compared to December, the National Bank reduced the volume of interbank currency sales by 28.7%, from $3.553 billion to $2.533 billion. According to the Ministry of Finance of Ukraine, the state and state-guaranteed debt has doubled since the beginning of the war, reaching $145.3 billion or UAH 5,519.5 billion as of 31 December 2023. In 2023, the government debt grew by 35.4% in hryvnia, or 1,444 billion hryvnias, and by 30.4% in foreign currency, or $33.9 billion. The interbank rate of the dollar remained in the range of 37.5-37.6 UAH/$ this week. Experts believe that the receipt of US and EU aid will allow the hryvnia to remain at the level of 37.5-38 UAH/$, otherwise the exchange rate may rise.

EU countries and Ukraine Will Meet to Solve the Grain Problem

Posted on 25. September 2023

A meeting of the Coordination Platform for the Export of Ukrainian Grain, consisting of Ukraine, five neighboring countries and other EU member states interested in solving the grain problem, will […]

Argentina Farmers Slow Wheat Sales

Posted on 25. September 2023

Sales of the upcoming wheat crop in Argentina are currently the slowest in seven years, reports Apkinform according to Reuters. Thus, according to the official estimates, as of September 13, the […]

New Weekly Losses on Grain Markets

Posted on 25. September 2023

European Grain Markets Despite the continued weakness of the euro, the Matif grain markets close another slow week in which, overall, almost nothing interesting happens As harvest progresses, the corn […]

Strategie Grains Raises EU Wheat Production Forecast - USDA Raised the Forecast of Global Wheat Production by 10 Million Tons - IGC Lowered the Forecast of Global Wheat Production

IGC Lowered the Forecast of Global Wheat Production

Posted on 22. September 2023

In the September report, International Grains Council – IGC analysts lowered the forecast of global wheat production in 2023/24 MY to 783.5 mln tonnes compared to 784.1 mln tonnes in […]

grain markets rally bull Price Pressure in Grain Markets Is Not Weakening Grain Markets Continue to Appreciate Despite Slowdown

Grain Markets: Rally in MATIF Wheat

Posted on 22. September 2023

European Grain Markets The MATIF wheat front futures rallied yesterday and is back above the 20-day average. The session started strongly after news of a cargo ship hitting a sea […]

Corn Market Perspectives – WASDE’s Surprise Report

Posted on 22. September 2023

Chicago Board of Trade Market News Outlook of corn market: Corn futures are 1 cent lower (0.2 percent) than last Friday’s close and just 3 cents (0.6 percent) below the […]

Ukraine Is Successfully Fighting the Shadow Grain Export.

Romania’s Grain Trade Dilemma: To Ban or Not to Ban Ukrainian Grain?

Posted on 22. September 2023

Prime Minister Ciolacu’s Statement In a significant development, Prime Minister Marcel Ciolacu of Romania made a noteworthy announcement on Monday, indicating that Romania is considering the possibility of extending a […]

Positive Signals From Poland Regarding Imports of Ukrainian Agricultural Products

Posted on 21. September 2023

The three EU countries, which introduced national bans on the export of Ukrainian agricultural products, are ready to consider the mechanism of joint verification and approval of supplies proposed by […]

Brazil’s Corn Revolution: Surpassing the US in Global Exports

Posted on 21. September 2023

Brazil’s Corn Export Triumph: Remarkable Rise in Corn Exports In a significant agricultural development, Brazil has emerged as a global leader in corn exports, surpassing the United States. The Foreign […]

Anticipated Decline in Corn Prices in March-April

Corn Prices Fall to 3-Year Low Amid Lower Demand

Posted on 20. September 2023

December corn prices on the Chicago SWOT fell to $185.5/t, the lowest since December 2020, on Monday amid reduced demand and an acceleration in the harvesting of the new crop, […]

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