Recommendations on the trading strategy for grain, oilseed and legume producers 28.10.2024

Recommendations on the trading strategy for grain, oilseed and legume producers 28.10.2024

16.11.2024 18:12:47 2800

Cereals
There has been a slight downward adjustment in the prices of wheat of the 3rd class. Trade is sluggish.
tg/kg, including VAT, from the elevator
Current
average price (elevator)
Changes
Recommendation
Possible
max
Possible min
wheat meag 3 kl, 28 kl +
105
-1
sale
145
90
wheat of 3 kl, up to 25 kl
80
-7
sale
95
70
wheat of 3 kl, up to 23 kl
69
-9
sale
85
60
wheat of 4 kl, up to 20 kl
61,4
-
AS NEEDED
80
50
wheat of 5 kl, up to 17 kl
52
-
sale
65
35
barley 2 kl
50
-
sale
60
35
Durum (prot 14+)
85
-
AS NEEDED
120
70
Durum (prot 15+)
104
-
stop
150
90
Barley is trading relatively actively. One of the traders reported on the purchase of barley in the Akmola region for 45 thousand tenge/ton in independence – with VAT, without VAT.
in red - a decrease in a week, in green – an increase, all prices – for a new harvest
Oilseeds/Legumes
In the oilseed group, the price of rapeseed remains, but market participants predict an increase in price to 200-210 thousand tenge/ton. The price of flax continues to fall. The price of sunflower continues to form, and according to expectations it will be decent due to a decrease in the harvest in Russia.
tg/kg, including VAT, from the elevator
Current price
Changes
Recommendation
Possible
max
Possible min
Flax
187
-2
sale
200
170
Rapeseed
195
-
sale
250
180
Sunflower
172
+1
stop
190
160
Safflower
85
+5
stop
110
85
Soy
207
-
sale
285
200
Mustard is black/white
250
-
stop
300
200
Peas (yellow)*
95
-
AS NEEDED
170
80
Red lentils**
182
-
sale
220
180
Zel lentils (large containers) **
348
-
stop
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 on 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 to more favorable prices; as needed – sale as necessary (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, prices can reach in the current trading season. This opinion is not final, and may change depending on the situation.
The possible min is the lower price limit that the culture is able to achieve in the current season.

Source : https://www.gov.kz/memleket/entities/moa/press/news/details/872754