Global wheat futures declined on Friday January 24, after Argentina cut export taxes to boost competitiveness in global markets and a report from the US government showed that the country’s export sales declined more than expected in the previous week.

Corn futures eased across major markets ahead of China’s Spring Festival holiday to celebrate the Lunar New Year, while robust US export sales and Argentina’s tax cuts for grain exports were the highlights in global trade developments.

Soybean futures fell on the Chicago Mercantile Exchange on Friday January 24 on a revision of Argentine export taxes and under technical selling pressure.

Vegoils markets were mixed on Friday January 24, as soybean products reacted to tax changes in Argentina’s exports that are expected to affect global trade, while palm oil futures closed higher in the trading session.

US and European wheat futures were little changed on Thursday January 23, with market participants trying to measure the impact of this week’s winterkill event in the US northern Plains while also considering a tightening global supply-demand balance.

Global futures strengthened on Thursday January 23, with gains across key global markets due to higher weekly ethanol consumption in the US and firmer prices in Ukraine and South America amid steady demand.

Soybean futures rose on the Chicago Mercantile Exchange on Thursday January 23 amid a downward revision of Argentina’s production estimate and bad weather over South America.

Vegoils markets were mixed on Thursday January 23. Crude palm oil (CPO) futures declined for a second day, while soyoil and soymeal traded higher on the Chicago Mercantile Exchange.

US and European wheat futures edged lower on Wednesday January 22 after Tuesday’s rally, which was spurred by a flurry of announcements from President Trump, lost momentum.

US corn futures softened on Wednesday January 22, with nearby contract prices down by 1%, although tender and sales activity helped to limit further declines.

Soybean futures fell on the Chicago Mercantile Exchange on Wednesday January 22 on profit-taking and pressure from soyoil losses, along with a forecast of rain in Argentina.

Crude palm oil (CPO) futures fell on Wednesday January 22 after registering gains for three straight sessions, putting downward pressure on soyoil prices in the Chicago Mercantile Exchange.

US and European wheat futures jumped on Tuesday January 21, one day after President Trump’s inauguration, as he signaled a less aggressive approach to tariffs than some market participants projected and has delayed implementation of a review of existing trade agreements and policies with Canada, Mexico and China.

US corn futures on the Chicago Mercantile Exchange climbed as export inspections exceeded expectations for the second consecutive week, while EU imports continued to trend higher, led by Ukraine.

Soybean futures rose on the Chicago Mercantile Exchange on Tuesday January 21 amid less rain than expected in vulnerable South American areas and fears of a downward production estimates revision.

Crude palm oil (CPO) futures remained largely in positive territory, while soyoil went down on the Chicago Mercantile Exchange, pressured by climbing soymeal on Tuesday January 21.

US markets were closed on Monday January 20 amid the Martin Luther King Jr. holiday, while the nation also watched as the new US President was inaugurated.

The Chicago Mercantile Exchange was closed on Monday January 20 amid the national Martin Luther King Day holiday in the US; as a result, market activity across the Americas was mostly muted.

The Chicago Mercantile Exchange (CME) was closed on Monday January 20 while the US celebrated Martin Luther King Jr Day. It was also the day when Donald Trump was sworn in as the country’s 47th president.

Crude palm oil (CPO) futures closed marginally higher on Monday January 20 after giving up earlier gains, with stronger related oils and bargain buying outweighing bearish export sentiment.

US wheat futures were little changed on Friday January 17, with market participants awaiting fresh market news before making sizable bets in either direction.

Corn prices gained momentum in North America on Friday January 17, with US futures rallying alongside higher Asian Dalian contracts, supported by strong exports and tightening supply forecasts from key global producers.

Soybean futures rebounded on the Chicago Mercantile Exchange on Friday January 17 on the back of higher soybean products and corn futures, weather concerns in Argentina, along with optimism regarding US-China relations.

Vegoils markets ended the week in different directions on Friday January 17 as market participants positioned ahead the long holiday weekend. Soy products climbed on the Chicago Mercantile Exchange, supported mainly by a positive trend in soybeans, while crude palm oil (CPO) futures rose following a volatile session.

Chicago wheat futures declined for the first time in four days on Thursday January 16 amid a light news flow, while market participants said that any winter kill for the country’s winter wheat crop early next week could be minimal. Meanwhile, European futures dropped for a third day.

US corn futures eased on Thursday January 16, despite strong export sales, improving weather and unchanged drought conditions.

Soybean futures fell on the Chicago Mercantile Exchange on Thursday January 16 because of profit-taking, weather effects in South America, and lower derived products and external markets.

Vegoils futures and cash prices fell sharply across markets and regions on Thursday January 16 amid downward pressure from profit-taking and plummeting crude prices.