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US and European wheat futures rose on Monday May 13 to their highest price since last summer amid concerns that Russian production estimates will be further reduced because of cold weather, while traders covered short positions.
The German 12.5% FOB wheat APM basis assessment for June loading was unchanged at a €7 per tonne discount to the September Euronext wheat contract...
The soybean CFR China (Brazil) basis assessment for June loading was assessed 1 cent per bushel lower at a premium of 139 cents per bushel to the July CME soybean futures contract...
Russia’s wheat exports from Black Sea ports totaled 1 million tonnes during the week to Sunday May 12 and were bound for a diverse line-up of 16 destinations...
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Export inspections of US wheat increased by 8.1% to 366,339 tonnes during the week to Thursday May 9 from 338,874 tonnes the previous week, according to data from the US Department of Agriculture (USDA) released on Monday May 13.
Weekly export inspections of US corn were down by 28% to 937,729 tonnes in the week to May 9 from 1.3 million tonnes recorded in the previous week, data from the USDA showed on Monday May 13.
Export inspections of US soybeans were up 13% to 406,052 tonnes during the week to Thursday May 9, compared with 358,155 tonnes a week earlier...
The pace of the Indian government’s annual wheat procurement program has slowed down compared with 2023, with government figures showing that 24.9 million tonnes...
Chinese authorities will hold an imported soybean auction on Thursday May 16, with around 515,000 tonnes of soybeans being offered, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday.
South Korean feed making group Nonghyup Feed Inc (NOFI) has bought up to 68,000 tonnes of corn after closing a private sale, trade sources told Fastmarkets late Friday May 10.
Managed money investors in the US corn and soybean markets slashed shorts while adding longs in the week ended Tuesday May 7, sending the net shorts to multi-month lows...
Chicago soyoil futures surged on Friday May 10 amid rumors around a potential increase in US import tariffs on used cooking oil (UCO).
US and European wheat futures surged to their highest level since July on Thursday May 9, with market participants expressing concern that cold weather may slash Russian output, while shrugging off the USDA’s World Agricultural Supply and Demand Estimates (WASDE) that projected record output.
Soybean front-month July futures on the Chicago Mercantile Exchange (CME) rebounded on Friday May 10 with support from soybean oil and despite estimates of ample offer and ending stocks for the 2024/25 crop in the latest World Agricultural Supply and Demand Estimates (WASDE) report.
US corn futures bounced back on Friday May 10 on spilled-over strength from the wheat market, with gains limited by bearish domestic new crop projections released by the USDA.
The USDA projected that US wheat production, ending stocks, exports and demand will climb in the 2024/25 marketing year, while global output is expected to climb to a record high and stocks are expected to decline.
In the USDA’s first estimate for the 2024/25 crop year, it projected higher global production, crush, exports and ending stocks compared with 2023/24...
The USDA projects greater domestic corn supply, usage, exports and ending stocks, according to the agency's May update to its World Agricultural Supply and Demand Estimates (WASDE) report...
Soyoil and soymeal futures on the Chicago Mercantile Exchange (CME) lacked a clear direction immediately after the USDA released its...