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Russia faces a serious sunflower harvest failure: according to the forecast of SovEkon analysts, the harvest of this crop in 2020 will amount to 11.8 million tons, which is 23% less than last year. As a result, the harvest may be the lowest since 2017, when 10.5 million tonnes of oilseeds ... Full story
On Tuesday, wheat contracts on the CBOT climbed to their highest level in the past five months amid rumors about possible purchases of wheat by Chinese importers. This is reported by the Grain On-Line agency. Additional support for US wheat prices was provided by a weakening dollar and worsening crop prospects in ... Full story
According to information from market operators, the Turkish state food procurement agency TMO purchased the planned volumes of grain at a tender. As specified, 390 thousand tons of wheat were contracted at a price in the range of $ 209- $ 226 per ton of C&F, 110 thousand tons of durum ... Full story
Indonesia may further increase palm oil export levies in future to support its ambitious biodiesel programme as the price of crude oil is expected to remain weak next year, a senior Finance Ministry official said on Wednesday. Indonesia collects levies from palm oil exports to fund the cost difference between ... Full story
Drought, combined with frost, could reduce wheat yields in parts of Argentina, according to a report from the Buenos Aires Grain Exchange. "Current conditions are unfavorable for growth and development." According to the Grain On-Line agency with a link to the Bolsa de Cereales de Buenos Aires website. The impact of the drought ... Full story
The export of sunflower from the countries of the Eurasian Economic Union (EAEU; it includes Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan) may again be limited: this initiative of oil producers is now being discussed in the Ministry of Agriculture, two employees of processing companies told Vedomosti. The Oil and Fat Union of ... Full story
On Friday, September French wheat hit a fresh monthly low, following on the heels of a weakening Chicago. Exchanges on both sides of the Atlantic Ocean reacted extremely nervously to forecasts of increased yields in a number of exporting countries, in particular in Russia and Canada. Improving weather conditions in Australia raise ... Full story
According to the data of the company "TBI" , at the grain terminal of the NKHP of the commercial sea port of Novorossiysk, a dry-cargo ship Polina is loading 25 thousand tons of Russian wheat. The cargo is destined for the China port of Dalian. The sender is the United Grain Company. Agn informs. Grain On-Line. For ... Full story
According to the operational data of the management bodies of the agro-industrial complex of the constituent entities of the Russian Federation, as of July 22, 2020, grain and leguminous crops were threshed from an area of 11.4 million hectares, 38.6 million tons of grain were threshed with a yield of ... Full story
The US Department of Agriculture's (FAS USDA) External Service has revised its forecast for Australian wheat balance sheets 10 days after the USDA's July report. According to the Grain On-Line agency with a link to the FAS USDA website. Thus, compared with the official forecast, the USDA has increased by 1 million ... Full story
