Author: Viktoriia Ray
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Russian Soybean Oil Exports Jump 11% to MENA in 2025
Export growth: Russian soybean oil exports to MENA reached nearly $290 million in 2025, up 11% year-on-year. Market share: MENA accounted for 43% of total Russian soybean oil export revenue, underscoring the region’s strategic importance. Key buyers: Algeria, Iran, Saudi Arabia, the UAE, and Israel were the top five destination markets. Price tone: Neutral to…
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Argentina corn forecast rises to 57.9 Mt
Forecast Raised: Argentina’s 2025/26 corn crop is now projected at 57.9 million tonnes, up 6% year-on-year. Weather Risk: A 50–70 mm rainfall deficit and persistent hot, dry conditions threaten late-planted corn yields. Global Supply: Higher Argentine output slightly increases global corn supply pressure, weighing on prices. Black Sea Competition: Larger Argentine exports in early 2026…
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Black Sea Sunflower Oil Prices Drop to $1,220/t
Bearish: Sunflower oil FOB Black Sea dropped $30/t to $1,220/t, setting a new low and signaling regional oversupply or weaker export demand. Bullish: Soybean complex and rapeseed oil/seed prices strengthened across major origins, with several benchmarks hitting new maximums or weekly highs. Mixed: Palm and coconut oils showed modest gains or stability, underscoring divergent trends…
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Russian Grain Export Duties Stay Zero Through Feb
Zero duties extended: Russia will keep export duties at zero for wheat, barley, and corn from January 28 to February 3, the third straight week for wheat. Mixed price action: Wheat and barley indicative prices eased, while corn strengthened on tighter supply-demand fundamentals. Stable base prices: Ruble-denominated base prices remain unchanged, giving exporters clearer margin…
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Russian Sunflower Oil Export Duty Rises 2.1% in Feb 2026
Bullish: Rising Russian export duty and higher Ukrainian refined sunflower oil prices signal tightening Black Sea supply and strong export demand. Bullish: Zero export duty on Russian sunflower meal supports crush margins, encouraging continued processing and underpinning oil values. Bullish: Extension of Russia’s “sunflower damper” duty mechanism through August 2028 provides policy stability that can…
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US soybean exports surge 13% in 2024-25
Bullish: Strong global demand pushed U.S. soybean complex exports up 13% year-on-year to 68.7 million metric tons, with record soybean meal and a 304% surge in soybean oil shipments. Bearish: Competitive U.S. pricing and expanding presence in key importers like Turkey and Egypt add neutral-to-slightly bearish pressure on Black Sea soybean exporters. U.S. Soybean Export…
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U.S. Wheat Exports Surge, Prices Rally After Storm
U.S. wheat exports surge: Weekly sales hit 618,076 MT, the highest in nine weeks and triple last year’s volume, as winter storms disrupt operations. Futures rally across grains: CBOT March wheat climbed 2.72% to $194.55/ton, while corn and soybeans posted multi-year and marketing-year export highs. Weather and logistics risk: Severe snowstorms in key U.S. production…
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Russian Oil and Fat Exports Fall 12% in 2025
Bearish sunflower & soybean flows: Russian oil & fat exports fell 12% YoY to 10.8 million tons in 2025, with sunflower oil down 22% and soybean oil also lower, pressuring Black Sea freight demand. Mixed grain outlook: Rostov Region grain exports dropped 19.8% season-to-date, cutting cargo availability, but price corrections and 2026 rebound expectations may…
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Russian Wheat Export Duty Remains Zero This Week
Policy: Russia will keep export duties on wheat, barley, and corn at 0% from January 28 through February 3, 2026. Exports: The zero-duty regime supports continued competitiveness of Black Sea grain in global markets. Risk: Weekly reviews mean traders face ongoing policy uncertainty and potential rapid changes in export economics. Russia Extends Zero Export Duties…
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Australian Wheat Exports Surge, Pressuring Black Sea
Bearish wheat sentiment: Australia is projected to harvest 37 million tonnes of wheat in 2025-26, boosting export availability and intensifying price competition in Asia. Record barley output: Barley production is expected to reach a record 15.5 million tonnes, significantly above the 10-year average, adding further global feed grain supply. Export surge: Wheat exports are forecast…