🌾 Market Overview of Grain and Oilseeds: Key Trends and Recommendations

 

🔸 The grain market has not yet fully responded to the prices set by the Food Corporation, and the demand for non-class wheat remains steady despite the reduced volumes.

🔸 Prices in the oilseed market are slowly forming: flax shows encouraging starting prices, and safflower harvesting is shifting to the western regions of the country.

🔸 Experts recommend suspending trade for several commodities until the price situation improves, helping to minimize risks.

 

The “Grain and Oilseeds. Kazakhstan” Research Bureau, together with the Ministry of Agriculture of the Republic of Kazakhstan, has prepared updated recommendations for participants in the grain and oilseed markets.

 

Current Situation in the Grain Market

 At this moment, the market has not fully reacted to the prices set by the Food Corporation and continues to develop autonomously. In some regions, price adjustments are being made, especially for high-protein wheat varieties and lower-quality positions. However, the harvesting process is still ongoing, so most market participants do not yet have a complete picture of the current state of the market.

 Nevertheless, there is demand for non-class wheat, although its volumes are significantly lower compared to last season. Initial prices for non-class wheat are forming at the level of 43 tenge per kilogram. Market participants expect a clearer situation after the completion of the harvesting work.

 

Oilseed Market: Prices and Forecasts

 The oilseed sector is also developing slowly, as most farmers are focused on harvesting grain. So far, oilseed volumes have not entered the market, but prices are starting to form theoretically. Starting prices for flax look more favorable compared to last year and allow covering production costs. A similar situation is observed with rapeseed, where price stability is also noted.

 Soybean prices with a basic protein level are likely to remain at last year's level or show a slight increase. A significant development is the shift of safflower harvesting to the western regions, which has resulted in southern price guidelines spreading to these areas.

 

Recommendations for Market Participants

 Experts from the Research Bureau recommend suspending active trading in several positions until price conditions stabilize and improve. For those market participants experiencing technical or financial needs, it is advised to sell products as necessary. This will minimize losses and allow opportunities to cover operating costs.

 

Market Outlook

 As the harvesting campaign comes to an end and data on the harvested volumes is received, a clearer picture of the grain and oilseed markets is expected. Prices will fluctuate depending on the region, product quality, and delivery conditions. Market participants should closely monitor changes to adapt their sales and storage strategies in time.

 Thus, the current market situation remains uncertain, but the first signs of price stabilization are observed in some segments. Expert recommendations will help farmers and agribusinesses make informed decisions regarding the sale of products in the near future.