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Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
Fastmarkets’ weekly recap of the main movements in global cash markets for April 29-May 3.
The April sunflower crush in Ukraine decreased by 2-2.5% compared with the previous month, according to various estimates, contrary to expectations of a more significant decline due to dwindling available sunflower stocks, sources told Fastmarkets.
The Russian government has further reduced the export tax on wheat and barley, leaving the tax on corn at zero, for the period May 8-14, according to an official note from country’s agriculture ministry released on Friday May 3.
The UN's Food and Agriculture Organization Food Price Index (FFPI) rose by 0.3 points in April after significant growth in March on the back of the increased prices of vegoils and cereals, the FAO said on Friday May 3.
Some Ukrainian crushers were considering a switch to the processing of rapeseed in the new harvest, due to a possible shortage of sunflower, market sources told Fastmarkets on Friday May 3.
Conditions for French soft wheat and barley were stable in the week to Monday April 29, but remained much worse than last year’s crop, according to the latest report from the French farm office, France AgriMer, published on Friday May 3.
Ukraine's declared grain export volumes exceeded 1.3 million tonnes in the week ending Friday May 2, according to the State Customs Service of Ukraine.
Algeria’s state grain importer started its 2024/25 marketing year wheat purchasing on Thursday May 2, with the price paid at around $249-250 per tonne CFR for July shipment, sources told Fastmarkets.
The soybean harvest in the Brazilian state of Rio Grande do Sul advanced 10 percentage points in the week to Thursday May 2, to 76% of the sown area, despite strong rains, according to state agency Emater/RS.
Russian spring grain and oilseeds planting progressed by almost 10 percentage points during the week ending Thursday May 2, according to data from the agriculture ministry.
Canada exported 611,200 tonnes of grain and oilseeds in the week ended Sunday April 28, down by 29%, data released on Friday May 3 by the Canadian Grain Commission shows.
Sales of Argentine new crop soybean and corn rose while sales for the old crop dropped in the week to April 24; meanwhile, wheat increased in both market years, according to data released by the country’s agriculture secretariat on Thursday May 2.
Argentina's growers have completed sunflower harvest, while current corn and soybean harvest indications are prompting concerns, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday May 2.
Crude palm oil (CPO) futures closed in positive territory on Thursday May 2 after trading resumed following the Labor Day/Workers’ Day holiday, recovering some of the losses seen earlier this week.
Soybean futures on the Chicago Mercantile Exchange (CME) surged on Thursday May 2 due to short covering, following gains in soymeal and soyoil prices.
US corn futures remained supported on Thursday May 2 on possible planting progress delays due to rain and escalating tensions in the Black Sea, with gains limited by lower week-on-week net sales and exports.
US wheat futures rose for the first time in four sessions on Thursday May 2 after weather forecasts indicated rainfall in the prime growing areas in North America and continued dry weather in Russia, and a government report showed that US sales volumes were within expectations.
In the US, rain in the western Corn Belt was slowing fieldwork, but has improved drought conditions for crops.
The US Department of Agriculture's attaché in Argentina kept its 2023/24 soybean output estimate unchanged at 49.5 million tonnes while projecting a 51 million tonnes production in 2024/25.