Wheat Archives

Wheat

France Expects Higher Corn and Sugar Beet Yields

Posted on 12. October 2023

The Agriculture Ministry of France has raised its forecast for the country’s 2023 corn harvest, citing good growing conditions since mid-July, reports Agroforum. Corn harvest In its monthly estimates for […]

Commodity Markets Remain Quiet Except for Rice

Grain Markets: US and European Wheat Markets Recover – Mines in the Black Sea

Posted on 6. October 2023

European Grain Markets Matif’s wheat found support from news of drought-threatening production in Ukraine and Argentina but was limited somewhat by the euro’s recovery against the dollar. A ship hit […]

Stocks of Major Crops in the US Are Lower Than Last Year

Posted on 3. October 2023

According to USDA estimates, as of September 1, wheat stocks in the US were estimated at 48.4 mln tonnes, slightly lower than in the same period in 2022, including 1.6 […]

Grain Markets Plunge on Higher US Stocks

Posted on 3. October 2023

European Grain Markets On Friday evening, the USDA surprised the grain markets with much larger than expected US wheat production and stocks. The wheat slump in Paris reflects this surprise. […]

Egyptian GASC Bought European Wheat at the Tender

Posted on 29. September 2023

GASC purchased 170,000 tons of wheat from the countries of the European Union at the tender held on September 27. Two batches of Romanian wheat, 60,000 tons each, were purchased […]

Grain Exports From Ukraine Decreased by 52% In September

Posted on 28. September 2023

In September 2023, Ukraine exported 1.7 million tons of grain, which is 52% less than in the same period last year (3.6 million tons). This was reported by the Ministry […]

Rising Prices in Commodity Markets Amid Drought Concerns

Posted on 26. September 2023

The week started with a price rise in the commodity markets where drought concerns are on the agenda, with the exception of rapeseed, which fell both overseas and in Europe. […]

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 […]

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