Author: Viktoriia Ray
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Novorossiysk Wheat Exports Dip 2.8% — Market Update
Stable exports: Weekly wheat loadings at Novorossiysk eased just 2.8% to 449.7 thousand tons, signaling steady Black Sea export flows. Diversified demand: Oman, Sudan, and Turkey each took more than 60 thousand tons, highlighting broad MENA regional demand. Neutral sentiment: A minor volume decline and continued robust shipments keep overall market sentiment neutral for now.…
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Kazakhstan Oilseed Processing: New 165kT Crushing Plant
Neutral to Slightly Bearish: Additional 165,000 tons of annual sunflower crushing capacity in Kazakhstan could marginally pressure Black Sea vegetable oil and protein meal export demand over time. Structural Shift: New full-cycle processing complex in East Kazakhstan may redirect domestic sunflower flows away from export channels and encourage further regional crushing investments. Regional Competition: Locally…
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Russian Wheat Exports Plunge 21.6% as Buyer Base Narrows
Neutral to Bearish: Russian wheat exports fell 21.6% year-on-year in early December, with buyer countries shrinking to 14 from 32. Supportive Demand: Egypt and Turkey increased purchases, while Iran entered as a new buyer, underscoring resilient demand for Russian wheat. Concentration Risk: Export mix narrowed sharply to 7 commodity types, suggesting a focus on wheat…
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Moldova rapeseed exports surge: EU’s No.2 supplier
Bearish for prices: Moldova’s rapeseed exports to the EU surged 3.25x year-on-year, lifting its share of EU imports from 3.2% to 15% and increasing supply for European crushers. Supportive for basis/logistics: Heavy dependence on road freight (53%) and Romania–Bulgaria routes raises the risk of border bottlenecks, which could firm local basis levels despite ample supply.…
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MHP Corn Harvest: 45,000 Ha Completed
Operational Progress: MHP’s Central Hub has completed corn harvesting on 45,000 hectares, signaling near-finalization of autumn fieldwork. Crop Condition: Winter wheat (25,200 hectares) and winter rapeseed (9,000 hectares) are entering dormancy in good, well-developed condition. Technology & Efficiency: The hub is expanding precision agriculture, including differentiated fertilizer application and no-till/strip-till practices for the 2026 harvest.…
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Euronext Trading Hours Extended for Wheat & Corn
Extended hours: Euronext will add a two-hour evening session (18:30–20:30 CET) for milling wheat, corn, and rapeseed futures starting February 2. Settlement unchanged: The official closing and settlement price remains the 18:30 CET level; evening trades are marked to that price. Liquidity impact: Longer hours may enhance price discovery and flexibility for European and Black…
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Ukraine Grain Exports Up 15% in December 2025
Export Pace Improves: December grain shipments reached 1.137 million tons, up 15.5% year-on-year, signaling stronger logistics and export momentum. Overall Volumes Still Weak: Total 2025/26 MY grain exports at 13.521 million tons are down 30% from 19.359 million tons a year earlier. Wheat Dominates Mix: Wheat leads with 7.569 million tons exported, while corn reached…
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EU Rapeseed Meal Prices Plunge 28% on Oversupply
Bearish: EU rapeseed meal prices dropped to $216/tonne FOB Hamburg as of December 9, down 10% month-on-month and 28% year-on-year amid oversupply. Bearish: EU rapeseed meal imports surged to 432,500 tonnes in the 2025/26 marketing year (as of December 7), more than double last year, with Canada supplying 324,800 tonnes after zero shipments a year…
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Ukrainian Corn Prices Drop UAH 100-200/ton
Feed corn prices in Ukraine fell by UAH 100-200/ton over the week, settling at UAH 8,400-9,700/ton CPT as of December 12. Weak export demand, ample domestic supply, and moisture-related quality deterioration are driving the bearish price trend. Lower-quality, high-moisture corn is facing additional discounts, limiting buyers’ willingness to pay and undermining export competitiveness. The UAH…
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Ukraine Flour Exports Secure 30,000t EU Tariff Quota
Dedicated EU quota: Ukraine secures its first separate annual tariff quota of 30,000 tons for flour exports to the EU starting in 2025. High utilization likelihood: 2024 exports of ~26,000 tons to the EU suggest the 30,000-ton quota is likely to be fully used. Moderately bullish milling outlook: Regulatory certainty supports long-term planning and modestly…