Oilseeds, Wheat - Fork Cast

Prices for soybean oil in Chicago have dropped due to uncertainty in the US green energy program.

Meanwhile, futures for palm oil in Malaysia have also decreased due to a decline in exports.

Prices for sunflower oil in Ukrainian ports remain stable, but sunflower meal is becoming cheaper.

There is high demand for sunflower seeds due to a shortage of global supplies.

The Vologda Region has increased its exports of chocolate to Vietnam, caviar to Jordan, and the Maldives. The production of dairy products and confectionery has also grown. The exports have doubled in the first 10 months of 2024, thanks to the national project "International Cooperation and Export".

Land has been analyzed for the presence of the herbicide clomazone, manganese, eggs, and parasitic larvae. Excessive levels were detected in 7.8% of the samples. The information has been reported to the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor).

Exceeding levels of clomazone can lead to plant growth retardation, while manganese slows down crop growth and may result in crop damage.

Scientists from Michigan and PRL are studying how the American birch adapts to the environment through photosynthesis. They have found that trees maintain a reserve capacity to adapt to environmental changes. This confirms that they can cope with climate change and maintain high activity of photosynthetic enzymes.

American farmers are switching to cheaper generic pesticides due to falling incomes. This leads to a decrease in profits for agrochemical companies, including Bayer. Farmers opt for savings but acknowledge the disadvantages of generics. The trend is growing due to an increasing number of generic offerings in the market.

More than 2.1 million tons of wheat have been analyzed at the branch. It was found that 20% belongs to the 3rd grade wheat, 39% - to the 4th grade, and 41% - to the 5th grade.

The new harvest wheat meets export standards. The Federal State Budgetary Institution "CCC AIC" conducts research on 19 quality and safety parameters of the grain.

Oil Union forecast: the export duty on sunflower oil in December will increase to 8,000 rubles per ton, in January - up to 15,000 rubles per ton.

Estimates for oilseed crops were overstated; the shortfall is being compensated by yields in the Volga region and Altai. The average prices for sunflower seeds have reached a maximum in two years - 45,200 rubles per ton.

Potato is a key agricultural crop that requires careful quality analysis. Seed potatoes must comply with the standard GOST 33996-2016, be healthy, free from defects and diseases. The results of tuber analysis are important for food safety.

Last week, prices for Russian wheat decreased to $226/ton FOB. Prices for French wheat dropped to $238/ton, while American wheat increased to $258/ton.

Forecasts for corn and soybean harvest in the U.S. were lowered, but the overall forecast for global wheat production remained unchanged. Prices for wheat on the domestic market stayed stable.

According to FAS USDA forecast, soybean production in Argentina in 2024-2025 is expected to reach 52 million tons, with processing forecasted at 42 million tons. Farmers prefer soybeans due to the corn epidemic, low prices, and drought. Sunflower crops are projected to increase to 1.9 million hectares, with an expected yield of 4 million tons.

The Ministry of Agriculture predicts a record harvest of oilseeds - 28 million tons, including soybeans and rapeseed. The rapeseed harvest is projected to be over 7 million tons, and soybeans - around 5 million tons. Prices for oilseeds have risen due to weather conditions, demand, and global prices. Farmers are expanding the areas under these crops.

In Primorsky Krai, there are 81 Chinese agribusinesses operating, occupying up to 20% of arable land. Authorities expressed hope for further cooperation with Chinese partners at a forum in Shenyang. Investments in rice production and a grain processing plant have been proposed.