Author: Igor Nam
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Ukraine Soybean Exports: New Oversight Hits Traders
Regulatory Shift: Ukraine has introduced a new monitoring system for soybean and rapeseed exports to verify producer data against the State Agrarian Register. Targeted Duty Exemptions: Export duty exemptions are now designed to benefit verified agricultural producers rather than trading intermediaries. Support for Farmers: Export duties paid by traders will fund a special budget to…
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Ukrainian Corn Yields Beat Targets; Acreage Cut for 2025
Bearish (near term): Ukrainian corn yields 24% above plan increase available supply and pressure spot prices. Bullish (forward): Planned 8% cut to 2025 corn acreage supports medium‑term price expectations. Mixed: High 24% grain moisture raises drying costs, delaying export-ready supply and affecting farm-gate prices. Agrain Corn Harvest Overview Ukraine’s Agrain Group has completed its 2024…
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South Korea US Wheat: 30,300t Contracted for 2026
Neutral: Forward purchase of 30,300 tonnes of US milling wheat by South Korean millers for February 2026 delivery provides long-term price signals but limited short-term market impact. Reference Pricing: FOB values between $243 and $277 per ton give a benchmark for future high-protein wheat pricing versus other origins. Steady Demand: The deal highlights ongoing, structural…
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Ukrainian Grain Exports Fall 6.24 MMT; Freight Slows
Bearish for freight: Ukraine’s 2025/26 grain exports are lagging last year by 6.24 MMT at 12.613 MMT, curbing demand for bulk carriers in the Black Sea. Corn underperforms: Corn shipments are down nearly 50% year-over-year at 3.878 MMT, the largest deficit among major crops. Weaker early-December flow: Shipments in the first days of December totaled…
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Kazakhstan Sunflower Seeds Surge as Prices Firm
Oilseed Shift: East Kazakhstan’s 537,000-ton oilseed harvest has overtaken grain output (528,000 tons), signaling a structural shift toward sunflower plantings. Price Support: Intense competition among roughly 15 domestic crushers, plus new capacity at “Altai Mai,” is firming Sunflower Seed prices with potential gains of up to 35% by spring. Export Demand: $50 million in vegetable…
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Algeria Wheat Tender: 900,000 Tons at $255-256 C&F
Algeria’s OAIC purchased around 900,000 tons of milling wheat in a major international tender. The deal was concluded at $255–256 per ton C&F, setting a fresh benchmark for upcoming tenders. Delivery is scheduled for February 2026 for Black Sea/European wheat and January 2026 for South American/Australian origins. Bullish: Large forward demand from a key North…
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Kazakhstan Hungary Freight Corridor: New EU Gateway
Strategic Gateway: Kazakhstan is positioning Hungary as a key EU entry point for its agricultural exports, particularly processed and organic products. Mutual Market Access: Hungary gains improved access to Central Asia and China via Kazakh logistics, enhancing its regional trade reach. Agro-Industrial Investment: Hungarian companies plan significant investments in Kazakhstan’s feed, genetics, and irrigation sectors.…
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Black Sea Sunflower Oil Prices Drop Amid Russian Squeeze
Bearish: Sunflower oil prices FOB Black Sea eased to a one-week low as Russian exporters face severely compressed margins. Bearish: A strong ruble has left Russian sunoil uncompetitive versus cheaper palm and soybean oil, curbing export demand. Bearish: Black Sea logistical instability and weaker Russian export flows are weighing on regional price sentiment. Neutral to…
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Russian Sunflower Oil Export Duty Set to Rise
Russia to Raise Sunflower Oil Export Duty, Squeezing Exporters Key Takeaways Higher export duty in December: Russia is set to increase its export duty on sunflower oil, tightening margins for processors. Lower oil content, higher costs: A 16.7 million ton sunflower seed harvest with reduced oil content has pushed domestic sunflower oil prices up about…
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Ukraine Rapeseed Export Duty 2025: What Farmers Must Know
Policy Change: Ukraine will introduce a 10% export duty on rapeseeds and soybeans from 2025, targeting trading companies rather than farmers. Domestic Processing Support: Revenue from the duty will fund grants, equipment compensation, war risk insurance, and support for frontline regions, boosting local crushers. Farmer Exemption: Agricultural producers exporting their own-grown crops are exempt, limiting…