USA: CBOT corn prices down in late September 2016

On September 22-29, CBOT corn prices declined by 2.2%. Last week heavy rains delayed corn harvesting in the USA. Farmers threshed corn from 15% of the intended area (16% in 2015), which was 4% below the five-year average. However, favorable weather conditions established in many producing regions, which allowed increasing the harvesting pace, and pressured…

Ukraine: oilseed sector needs national brand

Ukraine, as well as the whole world, has faced unprecedented economic challenges. Unfortunately, the global economy still feels the effect of 2008 economic crisis, which means new challenges, both for domestic agricultural sector, and for oil and fat business in particular. It’s no secret that Ukraine mainly operates in raw materials markets. A 50% and…

Ukraine: rye and rye flour imports up

Rye production is steadily declining in Ukraine. If earlier Ukraine was an exporter of rye, before 2014 Ukrainian rye harvest was just enough for domestic consumption only. Over the last two seasons a new trend has emerged – both rye and rye flour imports are growing. The need to import one of Ukrainian traditional grain…