Tridge summary
As of November 7, Ukraine has completed a significant portion of its crop harvest, with 9.68 million tons of sunflower, 5.82 million tons of soybeans, and 20.24 million tons of corn harvested. The country has also sown a portion of its winter crops, including 4,296 thousand ha of winter wheat. In the recent week, Ukraine has been a major exporter of corn, wheat, soybeans, rapeseed, sunflower oil, and soybean oil. Demand for these products varies globally, with China importing the highest volume of soybeans in the last 4 years and the European Union increasing its corn imports by 8% for the 2024/25 marketing year. The European wheat market faces high supply and low demand, keeping prices stable, while Ukraine's wheat prices remain unaffected by low demand. Sunflower prices in Ukraine have hit record highs due to a lack of seed offers with a high oil content, although some processors have tried to lower prices. Soybean prices in the EU remained stable, while in Ukraine, they have decreased due to increased offerings.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Harvesting of late crops continues in Ukraine, and as of November 7, 9.68 million tons of sunflower (from 95% of the area), 5.82 million tons of soybeans (from 96% of the area) and 20.24 million tons of corn (from 83% of the area) have been harvested ). As of November 4, 2024, 4,296 thousand ha (96% of the planned area) were sown with winter wheat, 543.6 thousand ha (85%) with winter barley, 1,073.5 thousand ha (96%) with rapeseed. On November 1-6, Ukraine exported 612.2 thousand tons of corn, 199.3 thousand tons of wheat, 13.2 thousand tons of barley, 104.2 thousand tons of soybeans, 139.4 thousand tons of rapeseed, 0.2 thousand tons of sunflower, 96 thousand tons of sunflower oil, 5.2 thousand tons of soybean oil and 56 thousand tons soybean and sunflower pulp. China imported 8.09 million tons of soybeans in October, which was the highest monthly figure in the last 4 years. At the same time, in the 2024/25 MR, the EU increased its corn import compared to the previous season by ...
Source: Graintrade
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