US and European futures dropped on Monday February 24 as improving weather reduced concerns about winter-kill in parts of the US Great Plains and the Black Sea regions.

Corn futures in the US declined on Monday February 24 as a stronger US dollar and advancing South American planting and harvest progress pressured the market. However, strong global demand, driven by key tenders in the Middle East and steady exports from major suppliers, helped limit further losses.

Soybean futures on the Chicago Mercantile Exchange fell on Monday February 24, pressured by the decline in soybean oil and meal futures and following the downtrend in wheat and corn. Weather in both Brazil and Argentina is likely to be wetter over the week.

Vegoil futures traded lower on Monday February 24. Soyoil dropped sharply on the CME with market participants mulling over data that suggested a decline in US biodiesel production, while in Asia crude palm oil (CPO) futures started the week in negative territory following losses in related vegoils as well as a stronger ringgit.

Chicago and Kansas futures rose for the first time in three days on Friday February 21 after a USDA report showed that 2024/25 net sales of the grain remained above 500,000 tonnes last week. Meanwhile, European futures edged further down.

Global futures moved lower on Friday February 21, as the bulk of markets ended the week steady. Despite US corn exports reaching a marketing-year high, net sales eased.

Soybean futures returned to negative territory on the CME on Friday February 21, following a sharp decline in crude oil and soybean oil futures.

Vegoils futures ended a volatile week in opposite directions on Friday February 21. In Asia, crude palm oil (CPO) futures closed in positive territory, reversing direction from the previous day, with strength in related oils and further positioning pushing prices higher. Soyoil futures traded lower on the Chicago Mercentile Exchange amid weakness in crude oil futures and a stronger US Dollar index.

US and European futures declined for a second day on Thursday February 20 after weather concerns eased with recent snowfall in some grain-growing areas of the Great Plains providing a protective covering.

US corn futures edged higher on Thursday February 20, supported by a weaker US dollar and concerns over tightening global supplies. Unfavorable weather in South America, and market speculation spurred by US President Donald Trump’s remarks on a potential new trade deal with China also lent support to prices.

Soybean futures on the Chicago Mercantile Exchange rose sharply on Thursday February 20 on a lower US dollar, higher crude oil prices and soyoil gains. Concerns over high temperatures in Argentina also provided support for soybean futures.

Vegoils markets traded in opposite directions on Thursday February 20. In Asia, crude palm oil (CPO) futures closed in negative territory after trading in both directions during the day amid mixed movements in related oils. On the Chicago Mercantile Exchange, soyoil futures rose amid strength in crude oil futures and a positive trend in the soybean complex.

US and European futures declined on Wednesday February 19 because of easing weather concerns due to the expected warming of growing areas in the US and protective snow cover in the coldest growing areas of Russia, Ukraine and Kazakhstan.

US corn futures edged lower on Wednesday February 19, after closing at multi-month highs on Tuesday, as market participants paused to ascertain whether the fundamentals support further price gains.

Soybean futures fell on the Chicago Mercantile Exchange on Wednesday February 19, under pressure from soyoil’s downtrend and a higher US Dollar Index, despite support from crude oil and soymeal gains.

Vegetable oils traded in opposite directions on Wednesday February 19. In Asia, crude palm oil (CPO) futures surged to an intra-year high, tracking gains in the wider vegoil complex, while a stronger cash market also supported prices. Soyoil futures on the Chicago Mercantile Exchange lost ground from earlier gains and went to negative territory amid a profit-taking movement at the time of publication.

US futures advanced on Tuesday February 18 due to signs that storms caused some damage to a limited amount of winter wheat that was lacking protective snow cover in the northern Plains.

US corn futures climbed to a nine-month high on Tuesday February 18 following a long holiday weekend, after a USDA report showed export inspections climbed last week to multi-year highs that exceeded analysts’ expectations.

Soybean futures were up on the Chicago Mercantile Exchange on Tuesday February 18, amid technical buying and with support from soyoil, as a stronger crude oil offset the negative impact of a higher US Dollar Index.

Vegoil markets traded in opposite directions on Tuesday February 18. In Asia, crude palm oil (CPO) futures slipped following pressure from weaker related oils and as market participants assessed the latest production and export data indications. Soyoil futures climbed on the Chicago Mercantile Exchange, supported in part by a strength in crude oil.

With the US out on a national holiday, the European milling wheat contract was the primary yardstick for the direction of prices on Monday February 17, with the two busiest French milling wheat contracts on the Euronext exchange sliding despite signs of buying from a raft of end users.

With the US out on a national holiday, direction in the global corn market on Monday February 17 was largely left to indicators from around the rest of the world, with most of them suggesting a mildly weaker tone.

The soybean market was mostly muted on Monday February 17 as the Chicago Mercantile Exchange was closed in observance of the Presidents’ Day holiday in the US.

The Chicago Mercantile Exchange was closed on Monday February 17 due to the President’s Day holiday in the US. Meanwhile, crude palm oil (CPO) in Asia reversed losses from the morning session to end higher. Bullish sentiment amid lower stocks and production, as well as bargain buying, prevailed, although soft export demand indications limited gains.

Global wheat markets reported mixed movements on Friday February 14, with futures prices rising across major US exchanges, while cash market activity was subdued in key exporting regions.

US corn futures edged higher on Friday February 14, supported by steady markets across the Americas and ongoing export demand.

Soybean futures ended the week in positive territory on the Chicago Mercantile Exchange on Friday February 14, as the market monitors the near-term forecast of dryer weather in Argentina, with support from soymeal gains and a lower US dollar index. Soybean prices also borrowed strength from a sharp increase in wheat futures.

Crude palm oil (CPO) futures in Asia closed in positive territory on Friday February 14 as they tracked strength in related oils and energy to recover partially from losses in the previous day. Meanwhile, soyoil fell on the Chicago Mercantile Exchange on product-spreading dynamics with soymeal and downward pressure from lower crude oil prices.