World market - Incubator

World wheat prices vary: they have risen in Chicago, while changes are also observed in Kansas and Minneapolis. Prices for rice, corn, and barley are also fluctuating.

Russian export prices for grain are also changing: wheat has increased, barley has decreased, and corn has risen. Domestic purchase prices for wheat in Russia have decreased. New customs duties will be reduced from July 20.

The ISO conference highlighted a growing interest in sustainable fuels due to the pandemic. High pollution levels affect COVID-19 mortality. The demand for ethanol is increasing, and bioethanol production could grow tenfold. Sugar consumption is decreasing, impacting the market and exports. According to Plinio Nastari's estimates, sugar production in Brazil is expected to reach a historical record.

Farmers in the Omsk region have harvested crops on 96.5% of the area of grain crops and on 73.5% of oilseeds. The total grain harvest is 363.3 thousand tons.

The Ministry of Agriculture of the region emphasized the successful completion of the harvest campaign, favorable weather conditions, and soil preparation for the new season. The districts have provided livestock feed for the winter with 872.4 thousand tons of hay, 1 million tons of silage, and 796.8 thousand tons of silage.

Specialists recommend preparing the vineyard for winter: remove fallen leaves, provide watering and pruning, apply fertilizers, cover from frost, monitor pests, and check the irrigation system. This will help successfully survive the winter and preserve the harvest.

LLC "Northern Garden" is planning to hold various events in a special pavilion and organize tours with the sale of its products. Tourists are not allowed to wander around the garden, but a section with berries will be allocated for city residents. The company also cooperates with students to increase the yield. Grants for agritourism are aimed at developing berry cultivation.

The main export crop of soybeans in the Primorsky Krai is 30% harvested. Due to a sharp drop in temperature, 43 thousand hectares of soybeans have been harvested so far. Rice, potatoes, and vegetables have also been harvested. The sowing campaign was delayed due to rains and floods.

As a result of excessive rains in Brazil, global soy prices are decreasing, affecting the Ukrainian market. Processors are raising soy prices by increasing its processing amid the reduction in sunflower crop yields. Already, 80% of soybeans have been harvested in Ukraine.

Soy production in Brazil is currently delayed, but a record harvest is expected. In light of improving forecasts, soy prices are falling on the exchange, and prices for oil are also decreasing, increasing pressure on oilseed prices. China has reduced soybean imports.

Financing of the agro-industrial complex in Russia may increase by 30 billion rubles next year. The budget project does not provide for this amount, but there is a chance to obtain additional sources of funding. It is planned to increase preferential lending and distribute funds across various programs until 2027.

Quotations on commodity exchanges on 23.09.22:

Corn -11.50 ¢/bsh, soft wheat -30.25 ¢/bsh, hard wheat KCBT -29.00 ¢/bsh, hard wheat MGE -28.50 ¢/bsh, oats -22.00 ¢/bsh, rough rice -0.01 usd/cwt.

Grain commodity quotes for October 16, 2024: corn on the CBOT exchange - 404.75 ¢/bsh, soft wheat - 585.00 ¢/bsh, hard wheat - 588.75 ¢/bsh, oats - 379.00 ¢/bsh, rice - 15.07 usd/cwt.

World wheat prices fluctuated: CBOT fell to 803.25 cents/bushel, KCBT dropped to 934.25 cents/bushel, MGE rose to 951.50 cents/bushel.

Prices for corn and rice increased. Russian prices have also changed. Grain exports continue to grow.

Prices for the world sugar No. 11 have decreased by 3.59%, and for London white sugar No. 5 by 2.44%. The reason is the forecast of rain in Brazil, which eased concerns about drought and stimulated futures sales.