Listen news recap for 18.05.2024
05/06
DAILY NEWS RECAP
Listen news recap for 18.05.2024

Chicago wheat prices remained steady after hitting a two-week low, as concerns about weather-related damage to Russian crops eased. Despite the price fluctuations, international demand for wheat remains robust, with significant purchases from Algeria and Egypt. Soybean prices increased on…

5/06/2024
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  • Trade

Russia’s Sovecon agricultural consultancy has reduced its 2024 wheat crop forecast to 80.7 million metric tons, down from the previous estimate of 82.1 million metric tons, due to severe frosts. Earlier in March, the forecast was 94 million metric tons….

5/06/2024
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Ukraine has experienced a prolonged absence of rain in May, worsening crop conditions, though the lack of extreme temperatures has prevented critical damage. Despite the dry spell, the country’s agricultural output remains stable, avoiding severe deterioration. Continuous monitoring of weather conditions is essential for crop recovery hopes.

5/06/2024
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  • Trade

China plans to increase its wheat stockpile by purchasing more from domestic producers as the world’s top producer and consumer of wheat seeks to secure supply amid recent weather-related damages affecting global production. Adverse weather conditions have impacted crops in…

7/06/2024
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Egypt’s General Authority for Supply Commodities (GASC) purchased 470,000 metric tons of wheat in an international tender. The procurement includes 180,000 tons from Romania, 120,000 tons from France, 120,000 tons from Ukraine, and 50,000 tons from Bulgaria. This diverse acquisition…

5/06/2024
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Algeria’s OAIC purchased 840,000 metric tons of milling wheat in an international tender, with prices between $279 and $279.50 per metric ton C&F. The wheat, expected from the Black Sea region, includes Ukraine, Romania, Bulgaria, and possibly Russia. This acquisition…

5/06/2024
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  • Prices
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On Friday, Chicago and Paris wheat futures fell to one-month lows as Turkey’s import ban dampened demand outlooks, overshadowing concerns about weather damage to Russian crops. Corn and soybean futures also edged lower after a previous session rebound, driven by…

7/06/2024
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After challenging their yearly high a month ago, November soybean futures on the Chicago Board of Trade fell for the seventh consecutive session on Wednesday. This decline began shortly after large speculators moved from short positions to nearly flat. June…

7/06/2024
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  • Trade

China plans to increase its wheat stockpile by purchasing more from domestic producers as the world’s top producer and consumer of wheat seeks to secure supply amid recent weather-related damages affecting global production. Adverse weather conditions have impacted crops in…

7/06/2024
  • News
  • Trade

Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) has purchased a total of 103,767 metric tons of food-quality wheat from the United States, Canada, and Australia in a regular tender that closed on Thursday. As the world’s sixth-largest wheat importer,…

6/06/2024
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Chicago wheat prices dropped for the seventh consecutive session on Thursday, hitting their lowest point in almost four weeks due to the progressing US harvest. This shift overshadowed concerns about adverse weather in Russia. Soybeans and corn, on the other…

6/06/2024
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Jordan’s state grain buyer issued an international tender to purchase up to 120,000 metric tons of milling wheat after making no purchase in a previous tender. The new tender, set for June 11, aims to secure wheat supplies from various optional origins to meet domestic needs.

5/06/2024
  • News
  • Trade

Ukraine has experienced a prolonged absence of rain in May, worsening crop conditions, though the lack of extreme temperatures has prevented critical damage. Despite the dry spell, the country’s agricultural output remains stable, avoiding severe deterioration. Continuous monitoring of weather conditions is essential for crop recovery hopes.

5/06/2024
  • News
  • Trade

Russia’s Sovecon agricultural consultancy has reduced its 2024 wheat crop forecast to 80.7 million metric tons, down from the previous estimate of 82.1 million metric tons, due to severe frosts. Earlier in March, the forecast was 94 million metric tons….

5/06/2024
  • News
  • Trade

Chicago wheat prices remained steady after hitting a two-week low, as concerns about weather-related damage to Russian crops eased. Despite the price fluctuations, international demand for wheat remains robust, with significant purchases from Algeria and Egypt. Soybean prices increased on…

5/06/2024
  • News
  • Trade

The Danube corridor serves as a vital lifeline for Ukrainian exports, providing a crucial gateway to international markets. Its significance lies not only in its geographic advantage but also in its historical role as a key trade route connecting Eastern…

5/06/2024
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  • Trade