News 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 Grain Association has selected 13 countries for direct supplies of Russian grain products without intermediaries. The decision was made on October 11, 2024.

Partners of the association bear responsibility only in case of a long-term agreement.

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.

In Bulgaria, low-quality sunflower is grown, which creates problems for local oil producers. The situation is further complicated by the high content of harmful substances in corn. The yield has decreased due to drought, which will lead to a decrease in oil production.

In Kazakhstan, sunflower crops have reached maturity, and harvesting has begun. Soybean and cotton crops are ripening, sunflower is being harvested. Harvesting of grain crops in the north is favorable. In the southeast, winter wheat is sown, and the grain is sprouting.

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.

Prices for sunflower seeds in Russia are rising due to low yields and increased demand. Manufacturers note small seeds with less oil content, which also affects prices. Experts do not expect a sharp increase in prices in the future.

The Ministry of Agriculture and the American agricultural department confirm the yield forecasts. Sunflower harvesting in southern Russia has begun, and prices are expected to stabilize.

"Demetra Trading" has purchased the "Nash Soyuz" elevator in the Oryol region. Plans include modernization, increasing grain processing and flour production. The complex consists of 10 silos, a dryer, receiving lines, and a milling complex. Upgrades to the railway infrastructure are planned.

Alebor Group has successfully completed the harvest of sunflower and corn. Sunflower was harvested from 1.35 thousand hectares with a yield of 3.47 t/ha, while corn was harvested from 1.748 thousand hectares with a yield of 8.84 t/ha. The company's team is proud of the results and is preparing for the next season.

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.

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.

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.

The Republic of Tatarstan has increased its exports of grains and oilseeds by 12.6% to 166.9 thousand tons in the first 9 months of 2024. The exports reach 17 countries, including Mongolia and China, due to the high quality of the products confirmed by the grain quality laboratory.

Sunflower meal remains popular in Belarus and Azerbaijan.

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.