Author: Alexander Lutsyuk
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BRICS Grain Exchange Could Reshape Global Grain Trade
The BRICS bloc is considering the creation of a dedicated BRICS grain exchange and related market institutions. The proposal aims to reduce reliance on established global grain trading houses and challenge perceived “grain monopolies.” If implemented successfully over the long term, the initiative could significantly expand Russia’s grain export potential, possibly doubling volumes. Near-term market…
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Russian Wheat Export Duty Cut Sparks Price Shift
Bearish (spot): Russia’s wheat export duty will be slashed to 8.9 rubles/ton for Dec 3–9, 2025, boosting export competitiveness and pressuring near-term Black Sea prices. Bullish (new-crop): Early 2026 Russian wheat harvest forecasts of 82–90 MMT, with a PIC consensus of 85.9 MMT, point to tighter future supply and support for forward pricing. Neutral for…
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Tunisia Feed Barley Tender: 75,000t at $268–$270
Tunisia secures supply: State grain agency ODC purchased 75,000 tonnes of feed barley in an international tender, split into three 25,000-tonne lots. Price reference set: Purchase prices ranged from $268.42 to $269.58 per tonne C&F, creating a fresh benchmark for feed barley in the Mediterranean. Mildly bullish tone: Demand from a key North African importer…
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Ukrainian Corn Prices Rise on Tight Supply & Quality Issues
Ukrainian feed corn prices rose by UAH 100-200/t this week due to limited availability. Strong competition between domestic processors and exporters continues to support the market. Declining crop quality, stemming from high moisture content, is further tightening supply. Ukrainian Corn Prices Climb Amidst Tight Supply and Quality Concerns Feed corn prices in the Ukrainian domestic…
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Russian Wheat Quality Rises, Hitting Global Prices
Key Takeaways Initial monitoring shows Russia’s wheat quality is higher than last year. The share of milling wheat increased to 78%, up from 77% in 2023. Wheat with 12.5% protein rose to 28 million tonnes (MT). High-quality “strong wheat” output increased to 6.3 MT, up from 4.1 MT. Overall, improved wheat quality may impact global…
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Grain Broker Market Analysis: Key Insights & Trends
Ukrainian Railways saw a 25% month-on-month increase in grain loading volumes during November. Average daily grain loading rose by 17% over October, indicating faster movement toward export hubs. Total grain transportation reached 2.425 million tons in November’s first 25 days, up 22% from October. This surge increases supply for export, potentially putting downward pressure on…
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📈 Ukrainian Rail Grain Transfers Surge: $21.5\%$ Daily Volume Increase Across Western Borders
Key Takeaways Ukrainian rail grain transfers increased across all western border crossings over the past week. Total daily transfer volumes for grain and meal rose by 21.5% as of November 26, compared to late October levels. Market Update Ukrzaliznytsia (Ukrainian Railways) reported a notable increase in the transfer of grain cargo via rail to neighboring…
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Global Soybean Meal Rally: Speculative Surge & Market Impact
Bullish: Speculative buying pushed Argentine soybean meal to a 13-month high ($360/t), supported by renewed Chinese purchases of US soybeans. Bearish: Market fundamentals do not support current prices; record US meal production and surging Chinese soybean oil exports are expected to intensify competition and pressure global prices lower. Global Soybean Meal Rally Viewed as Speculative…
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Argentina’s Record Wheat Crop Boosts Global Supply
Argentina’s wheat harvest is forecast to reach a record 25.5 million tonnes—surpassing the previous high. The harvest is over one-third complete, with yields coming in stronger than anticipated. Market Update The Buenos Aires Grain Exchange projects Argentina’s 2023/24 season wheat harvest could reach a record 25.5 million tonnes. This forecast, reported on November 28, surpasses…
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Kazakhstan’s Sunflower Oil Exports to Iran Set to Soar
Kazakhstan targets a massive increase in sunflower oil exports to Iran, from 5,900 tons to potentially 500,000 tons annually. The expansion hinges on building new oil-loading terminals in the Caspian ports of Kuryk and Aktau. Iranian investment in Kazakhstan’s oilseed processing and logistics infrastructure is under discussion, indicating closer bilateral trade ties. Market Update Kazakhstani…