Rapeseed prices in the ports reached $470-495/t, corn prices in the range of $178-184/t

Published Aug 5, 2024

Tridge summary

The article reports fluctuations in rapeseed quotations on MATIF, leading to an increase in offers in the physical market. Buying prices are rangebound at $470-495/t CPT ports and $440-460/t CPT in regions. Demand from European buyers remains stable. In contrast, the corn market has low activity as attention shifts to new crops, with prices at $178-184/t CPT ports. European buyer demand for corn is inactive, and corn can be sold at €175-185/t FCA on the western Ukrainian border.

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

Original content

Significant fluctuations in rapeseed quotations on MATIF during the week increased the number of offers in the physical market as well, Spike Brokers reports. Rapak continues to trade actively. From the side of buyers in the direction of the port, the price offers are in the range of $470-495/t CPT ports. In the regions, prices range from $440-$460/t CPT elevator/plant equivalent without VAT. The demand of European buyers remains stable. The latest indications of buyers: As of August 1, 3.2 million tons of rapeseed were threshed in Ukraine. The 2023 corn crop continues to trade, but market participant activity is low as focus shifts to new crop corn. In view of the reduced demand from external buyers, liquidity has slightly decreased even on SRT terms. Buyer quotes are currently in the range of $178-184/t CPT ports, depending on the delivery ...

Source: Superagronom