Sunflower trades at the level of last year, while soybean and rapeseed prices decrease in Ukraine

Published 2024년 6월 7일

Tridge summary

Sunflower processing plants are seeking to purchase the remaining old crop at prices around 20 thousand UAH, while the new sunflower crop is being traded at the same price level. Buyers anticipate a decrease in rapeseed production in Europe, estimated at 18 million tons instead of 19 million tons, leading to a drop in rape quotations on the MATIF exchange by €30 per ton. Soybean prices are under pressure due to ample global supply from South America and a positive outlook for the US soybean seed company.

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

Original content

Processing plants are looking for sunflower remnants of the old crop at prices within 20 thousand UAH. The new sunflower crop is trading at the same price level as the old crop with September-October delivery. SPIKE BROKERS analysts report this. The latest indications of sunflower buyers: The latest indications of buyers for oil: European market players predict a decrease in rapeseed production in Europe to 18 million tons against previous estimates at the level of 19 million tons. At the same time, the approach of the new harvest made rape quotations on the MATIF exchange decrease by €30 per ton compared to last week. The ...

Source: Elevatorist