Recommendations on the trading strategy for grain, oilseed and legume producers 12/16/2024

Recommendations on the trading strategy for grain, oilseed and legume producers 12/16/2024

24.12.2024 20:26:14 1640

These recommendations have been developed by the Grain and Oilseed Research Bureau. Kazakhstan".
Grain products
By mid-December, the cost of the "troika" dropped from 2 to 17 tenge/kg, wheat of the 4th class fell in price by 7 tenge/kg.
Barley rose in price by an average of 2 tenge/kg.
According to traders, the demand for Class 3 is limited.
The export value increased, particularly in Saryagash: wheat of the 4th class rose in price by $ 5/ton, grade 5 – by $ 10/ton, barley – by $ 35/ton.
tg/kg, including VAT, from the elevator
Current
average price (elevator)
Changes
Recommendation
Possible
max
Possible min
wheat meag3 cl, 28 clc +
88
-17
sale
145
90
wheat soft 3 cl, up to 25 cl
64
-2
sale
95
70
wheat is 3 cl soft, up to 23 cl
52
-11
sale
85
60
wheat is soft 4 cl, up to 20 cl
50
-7
AS NEEDED
80
50
wheat is 5 kl soft, up to 17 kl
48
-
sale
65
35
barley 2 cells
52
+2
sale
60
35
Durum (prot 14+)
85
-
AS NEEDED
120
70
Durum (prot 15+)
102
-
AS NEEDED
150
90
red is a decrease for the week, green is an increase, all prices are for the new crop.
Oilseeds/Legumes
Sunflower has noticeably fallen in price in the oilseed group, and the cost of soybeans has also dropped.
According to traders, "for some reason, Uzbeks are now buying soybeans and corn en masse." One of the respondents reported that soybeans on Saryagash cost $400 per ton.
Processors reported that the export price for unrefined sunflower oil dropped to 980-1 thousand dollars/ton.
Over the past week, the price of flax increased by 1 tenge/kg, safflower – by 4 tenge/kg.
tg/kg, including VAT, from the elevator
Current price
Changes
Recommendation
Possible
max
Possible min
Flax
203
+1
sale
200
170
Rapeseed
209
-
sale
250
180
Sunflower seeds
164
-10
sale
190
160
Safflower
94
+4
AS NEEDED
110
85
Soy
186
-7
sale
285
200
Mustard black/white
215
-
AS NEEDED
300
200
Peas (yellow)*
92
-
AS NEEDED
170
80
Red lentils**
182
-
sale
220
180
Zel lentils (large containers) **
400
-
sale
450
350
*-northern regions with premium quality, **-excluding VAT, the new crop is highlighted in italics
Explanation:
The current price is the weighted average prices with VAT within Kazakhstan at the elevator or on the wagon for which contracts are concluded. Prices may vary depending on the region, quality indicators, and delivery conditions.
Recommendations: stop – it is recommended to suspend trading until more favorable prices; as needed – sale as needed (technical, financial); sale – it is recommended to sell the product, since favorable prospects are not expected in the near future.
The possible maximum is the upper price limit, which, as it seems to the authors of this brochure, can reach the price in the current trading season. This opinion is not final, and may change depending on the situation.
A possible disadvantage is the lower price limit that a crop can achieve in the current season.

Source : https://www.gov.kz/memleket/entities/moa/press/news/details/904027