News

As of May 30, Ukrainian agrarians planted sunflower seed throughout the areas of 5.21 mln ha, or 99.6% of the plan, as opposed to 4.59 mln ha on the same date last year, declared the Ministry of Agrarian Policy and Food of Ukraine.

According to the official statistics data, in July-April of 2015/16 MY Ukraine exported 6.2 thsd tonnes of chickpeas, a decrease of 3 times compared with the same period of last MY (19 thsd tonnes). Since the beginning of the current MY, the export volumes of Ukrainian chickpeas to Turkey showed the most significant decline indices - to 1.2 thsd tonnes, against 7.3 thsd tonnes.

According to APK-Inform analysts, in Ukraine corn will restore its positions in the structure of general grain harvest in 2016. Corn production is expected to reach 25.6 mln tonnes, or 44% of the general grain harvest. At the same time, wheat production will reduce to 21.5 mln tonnes (to 37%), and barley production will total 8.6 mln tonnes (15%).

The USDA released its Quarterly Grain Stocks and Prospective Plantings reports today causing a bearish reaction from the markets. Al Kluis of Kluis Commodities sees the report as price negative. "The USDA's corn acreage estimate is surprising to the high side. It will be interesting to see what today's trade does with the USDA's lower soybean estimate and lower wheat acreage estimate," Kluis says.