The spread between Russia-origin 11.5% and 12.5% protein wheat has become minimal due to higher demand for lower-grade grain in the domestic market, sources told Fastmarkets.

Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties to Ukraine.

Export inspections of US wheat increased by 34% to 403,719 tonnes during the week to Thursday December 19, up from 300,889 tonnes the previous week, according to data from the USDA released on Monday December 23.

The Turkish government confirmed on Monday December 23 that the ban on durum imports will remain until May 31, while the policy for wheat imports for the processing industry were relaxed further, according to an official letter from the ministry to the market.

Algerian state buyer, the Office Algerien Interprofessionnel des Cereales (OAIC) returned to the market over the weekend looking for a nominal 50,000 tonnes of optional origin milling wheat, a document published on Sunday December 22 and seen by Fastmarkets shows.

Turkey’s minister of trade Omer Bolat announced to industry representatives on Friday December 20 that the government plans to raise the quota for imported wheat in flour production from 15% to 25%, trade sources told Fastmarkets.

Fastmarkets’ weekly recap of the main movements in global cash markets.

Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Brazilian corn exports amounted to 3.32 million tonnes in the first three weeks of December, while 1.35 million tonnes of soybean were shipped in the same period, customs weekly data showed on Monday December 23.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties to Ukraine.

Following the ruling by a United States-Mexico-Canada Agreement (USMCA) dispute panel, Mexico is reinforcing its commitment to limiting genetically modified (GM) consumption. Although the panel sided with the US on key points, Mexico has made it clear that its long-term goals for protecting biodiversity and public health remain unchanged.

Brazil’s Paraná state winter corn crop was estimated at 15.54 million tonnes, while soybean production estimate was reduced and summer corn increased, according to the state agency Deral’s report published on Thursday December 19.

Investors in the US corn and soybean markets shed longs positions in the week to Tuesday December 17, helping trim the corn net long, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 20.

Fastmarkets’ weekly recap of the main movements in global cash markets.

Chinese state agencies will be holding an auction for imported soybeans on Thursday December 26, where around 16,000 tonnes of soybeans will be offered for sale, according to a notice published by the National Grain Trade Center (NGTC) on Tuesday December 24.

China’s soybean crush volume was estimated at 1.87 million tonnes in the week to Friday December 20, unchanged from a week earlier, according to the China National Grain and Oils Information Centre (CNGOIC).

Brazilian corn exports amounted to 3.32 million tonnes in the first three weeks of December, while 1.35 million tonnes of soybean were shipped in the same period, customs weekly data showed on Monday December 23.

Export inspections of US soybeans were up by 3% to 1.75 million tonnes in the week ending December 19, from the 1.70 million tonnes recorded a week earlier, data from the US Department of Agriculture (USDA) showed on Monday December 23.

Brazil’s Paraná state winter corn crop was estimated at 15.54 million tonnes, while soybean production estimate was reduced and summer corn increased, according to the state agency Deral’s report published on Thursday December 19.

Investors in the US corn and soybean markets shed longs positions in the week to Tuesday December 17, helping trim the corn net long, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 20.

Fastmarkets’ weekly recap of the main movements in global cash markets.

Argentina’s Secretariat of Agriculture, Livestock and Fisheries (SagyP) increased its soybean sowed area estimate to 18 million hectares, up by 0.6% from the previous month’s 17.9 million ha forecast for the 2024/25 crop, while keeping corn and wheat estimates unchanged, its monthly report showed on Thursday December 19.

Jordan’s state grain importer has booked 60,000 tonnes of feed barley for shipment in the first half of March, paying the same price that it paid for February shipment, sources told Fastmarkets on Tuesday December 24.

Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties to Ukraine.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Russia's weekly wheat export volumes from Black Sea ports dropped to 469,574 tonnes in the week ended Thursday December 19, down sharply by 47% from 887,440 tonnes the previous week, data from Fastmarkets’ research team showed on Friday December 20.

The Russian government has increased its export tax on wheat, corn and barley for the period of December 25-January 12, the country’s agriculture ministry said in an official update on Friday December 20.

Ukraine exported 955,000 tonnes of grains during the week ended Thursday December 19, marking a significant increase of 456,000 tonnes, or 91%, compared with the previous week, according to data released by the country’s State Customs Service on Friday December 20.

South Africa’s Crop Estimates Committee (CEC) released its fifth production forecast for winter cereals for the 2024 season on Thursday December 19.

Indonesia’s palm oil exports hit a four-month high at 2.88 million tonnes in October, up by 27.8% from 2.26 million tonnes in September, according to the latest data published by the Indonesian Palm Oil Association (Gapki) on Tuesday December 24.

High palm oil stocks in key importing countries, relatively high prices of palm products versus other vegetable oils and uncertainty around European legislation all brought downward pressure to palm oil freight rates in 2024, as soft demand weighed on freight movements.

India, Spain and Italy ranked as the top three buyers of Ukrainian sunflower oil between September-December of the current 2024/25 season, accounting for 43.5% of the total export volume. The new rank displaced Turkey, which prefers to purchase cheaper Russian products, and Poland. It also reduced transit supplies through Romanian ports, favoring exports through deep-water ports in Ukraine.

Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Brazilian corn exports amounted to 3.32 million tonnes in the first three weeks of December, while 1.35 million tonnes of soybean were shipped in the same period, customs weekly data showed on Monday December 23.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties to Ukraine.

Investors in the US corn and soybean markets shed longs positions in the week to Tuesday December 17, helping trim the corn net long, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 20.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

India, Spain and Italy ranked as the top three buyers of Ukrainian sunflower oil between September-December of the current 2024/25 season, accounting for 43.5% of the total export volume. The new rank displaced Turkey, which prefers to purchase cheaper Russian products, and Poland. It also reduced transit supplies through Romanian ports, favoring exports through deep-water ports in Ukraine.

Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

China’s soybean crush volume was estimated at 1.87 million tonnes in the week to Friday December 20, unchanged from a week earlier, according to the China National Grain and Oils Information Centre (CNGOIC).

Brazilian corn exports amounted to 3.32 million tonnes in the first three weeks of December, while 1.35 million tonnes of soybean were shipped in the same period, customs weekly data showed on Monday December 23.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties to Ukraine.

Investors in the US corn and soybean markets shed longs positions in the week to Tuesday December 17, helping trim the corn net long, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 20.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

South Korea’s Major Feedmill Group (MFG) has purchased 60,000 tonnes of soybean meal through a tender closed on Friday December 20, trade sources have told Fastmarkets.