Author: Viktoriia Ray
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South Korea Soybean Meal: 50,000t Bought from COFCO
South Korea’s MFG booked 50,000 tons of soybean meal via an international tender on May 7, 2024, securing 83% of its initial 60,000-ton target. COFCO won the full volume at a price of $414.79 per ton C&F, with delivery to South Korea scheduled in a single shipment by August 3, 2024. South American origin is…
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Ukraine Soybean and Rapeseed Exports Remain Stable
Preferential exports steady: Nearly 2 million tons of soybeans and rapeseed shipped since September 2025 under Ukraine’s preferential regime, generating UAH 3.5 billion in transactions. Seasonal slowdown: April exports declined in line with the typical end-of-marketing-year pattern, with rapeseed export activity expected to pick up again from July. Fiscal contribution: The program delivered UAH 1.8…
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Iraq Wheat Purchase Price: $534/MT for 2025/26
Domestic support: Iraq set a wheat procurement price of about $534/MT under the national agricultural plan and $381/MT for out-of-plan purchases for the 2025/26 marketing year. Yield thresholds: New yield standards by irrigation type (9,000 kg/ha modern, 7,500 kg/ha conventional, 3,000 kg/ha rainfed) will influence farmer eligibility for government procurement. Seed investment: The government will…
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Algeria Wheat Tender: 400k Tons from Black Sea
Significant volume secured: Algeria’s OAIC purchased 390,000–420,000 tons of milling wheat, ensuring short-term supply security. Black Sea dominance: Romania and Bulgaria supplied most of the volume, underscoring the region’s price competitiveness in North Africa. Supportive price range: Purchase levels at $268–$270/ton C&F align with firm international wheat values and sustained demand. Seasonal export tailwind: July…
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Ukrainian Wheat Prices Rise on Tight Farmer Supply
Prices Firming: New-crop milling wheat in Greater Odessa ports rose by USD 2-4/ton week-on-week as of May 6 on strong exporter demand. Grade 2 Strength: Grade 2 wheat bids reached USD 219-227/ton CPT port, outpacing Grade 3 and highlighting preference for higher quality. Farmer Reluctance: Limited farmer selling is tightening domestic supply, supporting a mildly…
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Black Sea Sunflower Oil Gains as Palm Exports Fall
Palm oil exports to decline: Global palm oil export shipments are forecast to fall by 2 million tonnes to 24.2 million tonnes in April–September 2026. Black Sea sunflower oil to gain: Russian, Ukrainian, and Bulgarian sunflower oil is expected to capture displaced demand alongside other vegetable oils. Export leaders under pressure: Indonesia, Malaysia, and Thailand’s…
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Brazil Corn Forecast Rises, Pressures Black Sea Corn
Bearish corn outlook for Black Sea exporters: Brazil’s upgraded 2025/26 corn forecast to 137 mln t signals stronger export competition and potential pressure on Ukrainian and Russian FOB premiums. Higher Brazilian soybean output: Soybean production raised to 181.6 mln t on better yields and expanded acreage in Rio Grande do Sul, reinforcing Brazil’s dominance in…
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Kazakhstan Grain Exports Surge 13% in 2025/26
Export Growth: Kazakhstan’s grain and flour exports rose 13% year-on-year to 11.1 million tons in September-April 2025/26. Uzbekistan Demand: Uzbekistan absorbed 84% of total exports, with volumes up 13.8% to 9.3 million tons. Diversifying Flows: Afghanistan (+51% to 1.8 million tons) and Kyrgyzstan (+58% to 440,000 tons) showed the strongest growth. Logistics & Policy Support:…
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Ukrainian Corn Prices Climb Amid Supply Shortages
Bullish: Ukrainian feed corn prices gained to UAH 9,400-10,200/t, with southern regions up to UAH 11,100/t CPT, supported by strong domestic and export demand. Bullish: Farmer sales restraint is tightening spot availability, creating a supply-demand imbalance that favors sellers and sustains upward price momentum. Bullish: Port prices at USD 218-226/t CPT-port indicate that export competitiveness…
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Russian Spring Wheat Sowing 81% Behind — Market Neutral
Neutral: Russian spring wheat sowing is 81% behind last year, but overall market impact is currently assessed as neutral. Weather Delays: Cold and wet conditions are slowing fieldwork across key Russian growing regions. Stable Harvest Outlook: SovEcon maintains its Russian wheat harvest forecast at 89.7 million tons despite the slow start. Risk Ahead: Prolonged delays…