Crop prices analysis in the global markets on October 11: Barley has no factors for a decline

Published 2024년 10월 12일

Tridge summary

The article provides an overview of the current situation and future trends in the Russian agricultural market, with a focus on cereal and oilseed prices and exports. It highlights a 60% increase in barley export potential in the first three months of the 2024/25 season, which is expected to support price levels due to limited crop volumes. Wheat prices have risen, driven by a decrease in harvest and export potential, with duties and regulatory measures aiming to slow down shipments. Corn sales are primarily for the domestic market, with a partial exit from remote markets due to reduced export potential. Sunflower oil prices have surpassed 100,000 rubles per ton with VAT, influenced by the growing dollar exchange rate and export price. The soybean market remains stable with a good supply of raw materials, although farmers are holding back from selling in anticipation of better contract offers. The article also mentions that the future trends of soybean prices will be dependent on the situation in the soybean meal segment in Russia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Barley export potential has been realized by 60% in just three months of the 2024/25 season, and the limitation of available crop volumes will support price levels. Wheat quotes also continued to grow over the week amid high volatility of the ruble to dollar exchange rate. For the same reason, sunflower oil in ports broke the psychological mark of 100 thousand rubles per ton with VAT, due to which sunflower seeds are also becoming more expensive. World market Factors leading to price increases: Factors leading to price decreases: Russian market Factors leading to price increases: Factors leading to price decreases: Summary: The sharp rise in wheat prices on a FOB basis during the current week was adjusted by an increase in duties and information about the regulator's desire to slow down the pace of shipments. These intentions are associated with both a decrease in the grain harvest and export potential in the country as a whole, and a record (in the case of wheat) high export in ...

Source: Zol