Articles By Regina Koh

A state auction offering large soybean volumes previously scheduled for Tuesday November 12 has been delayed or canceled in China – although this has not yet been officially announced- sources told Fastmarkets.

Chinese state agencies will hold an auction for imported soybeans on November 14, where around 90,000 tonnes of beans will be offered for sale, according to a note released by the National Grain Trade Center (NGTC) on Monday November 11.

Malaysia’s palm oil inventories at the end of October recorded a larger-than-expected drop from September to 1.885 million tonnes, or 6.32% lower than September’s 2.01 million tonnes, after a higher-than-anticipated jump in exports, according to data released by the Malaysian Palm Oil Board (MPOB) on Monday November 11.

Chinese state agencies held an auction for imported soybeans on Friday November 8, where 89,895 tonnes of soybeans were offered though no sales were made, sources told Fastmarkets.

Analysts at the Chinese agriculture outlook committee (CAOC) have kept their estimates for corn, soybeans and vegoils supply and demand in the 2024/2025 crop year unchanged from their October report in the latest China Agricultural Supply and Demand Estimates (CASDE) released on Friday November 8.

South Korean feed importer Nonghyup Feed Inc (NOFI) concluded its feed wheat tender on Thursday November 7, purchasing around 63,000 tonnes of the grain, sources told Fastmarkets.

South Korean feed importer Nonghyup Feed Inc (NOFI) has issued buy tenders for around 60,000 tonnes of January-arrival feed wheat and 138,000 tonnes of February-arrival corn, sources told Fastmarkets on Thursday November 7.

South Korean flour milling association Kofmia purchased around 50,000 tonnes of US-origin milling wheat of various grades in a tender concluded on Wednesday November 6, sources told Fastmarkets.

Chinese state agencies will be holding an auction for imported soybeans on Friday November 8, where around 128,000 tonnes of soybeans will be offered for sale, according to a note published by the National Grain Trade Center (NGTC) on Monday November 4.

Malaysia’s exports of palm oil in October rose to 1.55 million tonnes, up by 196,417 tonnes (14.5%) from September’s 1.35 million tonnes, according to cargo surveyor Intertek Testing Services (ITS).

Chinese state agencies held an auction for imported soybeans on Wednesday October 30, where 19,973 tonnes of soybeans out of the 109,868 tonnes offered for sale were sold, sources have told Fastmarkets.

Indonesia has set its crude palm oil (CPO) reference price for November at $961.97 per tonne, according to a circular issued by the Ministry of Trade on Thursday October 31.

China’s combined stocks of soybean oil, rapeseed oil and palm oil in the week to Friday October 25 were down by 50,000 tonnes to 1.99 million tonnes from the previous week’s 2.04 million tonnes, according to data from the China National Grain and Oils Information Center (CNGOIC) on Wednesday October 30.

South Korean feed importer Major Feedmill Group (MFG) has purchased around 134,000 tonnes of animal feed corn for shipment in November-December in private deals done on Wednesday October 30, trade sources told Fastmarkets.

Freight rates for vessels carrying palm oil cargoes within Asia were broadly stable in the week to Wednesday October 30, though inquiries for November vessels have remained thin, sources have told Fastmarkets.

South Korean feed importer Nonghyup Feed Inc (NOFI) purchased its third corn cargo from trading house Pan Ocean in part of its tender which concluded on Tuesday October 29, sources told Fastmarkets on Wednesday October 30.

Chinese crushers crushed 2.1 million tonnes of soybeans in the week to Friday October 25, according to figures from the China National Grain and Oils Information Center (CNGOIC).

South Korean feed importer Nonghyup Feed Inc (NOFI) has purchased around 136,000 tonnes of optional-origin feed corn in two consignments for arrival during January via a tender that concluded on Tuesday October 29, trade sources have told Fastmarkets.

Malaysia’s palm oil exports during October 1-25 continued to show a rise from September, with volumes estimated at 1.25 million tonnes, according to data from cargo surveyor Intertek Testing Services (ITS).

Chinese state agencies will be holding an auction for imported soybeans on Wednesday October 30, win which around 110,000 tonnes of soybeans will be offered for sale, according to a note released by the National Grain Trade Center (NGTC) on Monday October 28.