Latest News
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.
The United Nations Food and Agriculture Organization (FAO) has raised its wheat and corn production estimates for the 2023/24 marketing year in the May agricultural market information system (AMIS) report.
Fastmarkets Agricensus 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.
The German 12.5% FOB wheat APM basis assessment for June loading was assessed down €1 per tonne to a €1 per tonne premium to the September Euronext wheat contract...
Freight rates for vessels carrying palm oil from Southeast Asia to key destinations in the region were steady from the previous week, supported by a healthy volume of inquiries.
According to Ukraine’s Ministry of Agriculture, sowing of spring grains in the country during the week ending Thursday May 2 showed a significant week-on-week increase of 15.3 percentage points.
US net soyoil sales dropped by 56% in the week to April 25 after the previous week’s significant increase, while soybean cake and meal sales fell by 57% week on week, according to data from the US Department of Agriculture released on Thursday May 2.
Rouen milling wheat exports were down by 37% in the week to Wednesday May 1 at 63,000 tonnes, according to data released by port operator Haropa.
The soybean CFR China (Brazil) basis assessment for June loading was assessed 2 c/bu higher...