♦ Ukrainian Grains Weekly Report 

Sold in a week
· corn DAP Odessa, Ukraine, Heather-list @180$->184$
· sunflower oil DAP Odessa, Ukraine, Heather @915$
· sunflower oil DAP center. Bulgaria, heather-yellow @1 005$

Ukraine
· The Government voted for the new Minister of Agrarian Policy and Food of Ukraine, focused on support and development of the domestic processing industry, creating a final product and a significant increase in the value of a unit of exported products.
· Farmers began collecting late grains in Ukraine. As of 05.09, late crops were collected in Ukraine: sunflower - 1,389.6 thousand tons, soybean - 1,007.3 thousand tons, corn - 457.5 thousand tons.
· Producers harvested sunflower from 16% of the area with a yield of 17.8 centners per hectare, which is 5% less compared to last year s yield on this date, and soybeans from 20% of the area with a yield of 18.6 centners per hectare, which is 27% less compared to last year s yield on this date.
· Exports from Ukraine of cereals, oilseeds, as well as processed products for August amounted to: corn - 645.8 thousand tons, wheat - 2 244.0 thousand tons, barley - 469.5 thousand tons, soybean - 145.6 thousand tons, rape - 794.2 thousand tons, sunflower - 1 thousand tons, sunflower oil - 199.1 thousand tons, soybean oil - 26.4 thousand tons, cake - 237.1 thousand tons.
CORN
Prices for corn in the direction of ports increased by almost $ 10 compared to the price last week. Most Ukrainian producers will start actively harvesting corn from mid-September. Drought and lack of rain dried corn in the field to a moisture index of 13-18% on average in Ukraine.
WHEAT
Sustainable demand in foreign markets ensured the export of wheat in the period from July to August in the amount of 3.8 million tons. This indicator has already amounted to 23% of the annual export potential, which was agreed for export in the 2024/25 season by the Ministry. If the rate of wheat exports is maintained, Ukraine can reach 80% of the annual export potential as early as December.
RAPE
The number of buyers in the direction of seaports is gradually decreasing. Most of the rapeseed programs are completed in ports by the end of September. Buyers considered proposals in the direction of seaports within 480-490$, depending on the ISCC certification and the oil content index.
SUNFLOWER
Prices for sunflower have stabilized at 20,500-21,000 UAH with VAT, delivered to factories, depending on the delivery location and oil content index. The market is gradually saturated with offers of sunflower. On the Bulgarian market, Ukrainian sunflower was traded at 500-510$ delivered, which, taking into account the cost of logistics from Western Ukraine, gives a parity of 425$ from the farm of Western Ukraine.
 SOYA
Prices for soybeans increased by an average of $ 10 in all areas. For soybean GMO buyers offered 380-385$ with delivery to seaports; the prize for soy NE-GMO was almost 50-55$. The Italian direction was traded in the range of 400-410€ DAP for GMO soy; the premium for NE-GMO was 30-35€.

  ♦ Soy grown illegally on Brazil s tribal lands finds its way to global markets

Farm cooperatives in Brazil that supply some of the world s biggest multinational agricultural firms are buying soybeans grown illegally on Indigenous reservations in the country, according to tribal leaders and court records, despite the companies public pledges to respect the land rights and resources of Indigenous peoples. The expansion of commercial farming onto Indigenous lands, which make up about 13% of Brazil s territory, has stirred division and violent conflicts in scores of communities, according to the federal police, the Catholic Church s Indigenous Missionary Council and the Brazilian government agency overseeing Indigenous affairs, FUNAI.

 ♦ Taiwan Purchases 101,700 Tons of U.S. Wheat

The Taiwan Flour Millers Association has acquired an estimated 101,700 metric tons of milling wheat from the United States in a tender on Wednesday, according to European traders. The purchase includes various types of wheat for shipment from the U.S. Pacific Northwest in two consignments.

 ♦ Brazil s Soybean Area to Expand at Slowest Pace in 18 Years

Brazil s soybean planting area is expected to grow at its slowest rate in nearly two decades for the 2024/25 season, agribusiness consultancy AgRural reported on Wednesday. The forecasted increase is a modest 0.9% compared to the previous season. As the world s largest soybean producer and exporter, Brazil is beginning its 2024/25 planting this month, though adverse weather may cause delays.

 ♦ Drought Impacts Ukrainian Winter Grain Sowing

Ukrainian farmers have commenced sowing winter grains for the 2025 harvest, but state weather forecasters reported that soil moisture levels are extremely low in most regions. Although recent years have seen a lack of moisture during autumn sowing, farmers are hopeful for a wet and mild winter and favorable spring weather to ensure a good harvest.

 ♦ India s Ethanol Push Converts Corn Exporter to Importer

India s drive to increase corn-based ethanol production has transformed Asia s leading corn exporter into a net importer for the first time in decades, impacting local poultry producers and global supply chains. This surge in import demand follows India s January increase in the procurement price of corn-based ethanol, aiming to shift away from sugarcane-based ethanol for gasoline blending.

 ♦ China Launches Anti-Dumping Probe into Canadian Canola Imports

China announced on Tuesday that it will start an anti-dumping investigation into canola imports from Canada, following Ottawa’s decision to impose tariffs on Chinese electric vehicles. This move has pushed domestic rapeseed oil futures prices to a one-month high. Canadian Farm Minister Lawrence MacAulay expressed deep concern over the investigation.

 ♦ Ghana to Increase Cocoa Farmgate Price by Nearly 45%

Ghana plans to raise the state-guaranteed price for cocoa farmers by nearly 45% for the 2024/25 crop season, according to sources familiar with the price review. This increase is intended to boost farmers incomes and reduce bean smuggling. Earlier this year, the price was increased by over 58% to 33,120 cedi per metric ton for the remainder of the 2023/24 season.

 ♦ Rainfall Boosts Argentina s Imminent Corn Planting

Recent rainfall in Argentina is expected to enhance the 2024/25 corn crop as farmers begin planting this month, the Rosario grains exchange reported on Monday. Up to 50 millimeters (2 inches) of rain fell in key agricultural areas, notably benefiting the northern Buenos Aires province and the southern part of Santa Fe province.

 ♦ ISO Projects 2024/25 Global Sugar Deficit of 3.58 Million Tons

The International Sugar Organization (ISO) has projected a global sugar deficit of 3.58 million metric tons for the 2024/25 season in its initial assessment. The inter-governmental body also revised its forecast for the deficit in the current season (October 2023 to September 2024) down to 200,000 tons from the previous estimate of 2.95 million tons.

 ♦ India Anticipates Above-Average Rainfall in September

India is expected to experience above-average rainfall in September following surplus rains in August, according to the weather department. September s rainfall is projected to exceed 109% of the 50-year average, as reported by Mrutyunjay Mohapatra, director-general of the India Meteorological Department, at a virtual news conference.