Soybean sowing advanced 16 percentage points in the week to November 20, reaching 35.8% of the projected area of 18.6 million hectares, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday November 21.

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.

Argentina’s soybean sowing area estimate for the 2024/25 crop was raised by 0.6%, to 17.9 million hectares, while the wheat output was projected at 17.6 million tonnes, the country's Secretariat of Agriculture, Livestock and Fisheries (SagyP) monthly report showed on Thursday November 21.

Estimates of grain output in Western Australia, the key exporting state in the country, have continued to improve, but the quality was expected to be mixed, the Grain Industry of Western Australia (GIWA) said in its monthly report, published on Friday November 22.

Russia’s weekly wheat exports from Black Sea ports more than doubled to 1.1 million tonnes in the week ended Thursday November 21, from 429,271 tonnes a week earlier, data from Fastmarkets’ research team showed on Friday November 22.

The Russian government continued to increase its export tax on wheat, as well as increasing the corn tax for the period of November 27 to December 3, but lowered its rates for barley, according to an update from the country’s agriculture ministry on Friday November 22.

The French corn harvest advanced by 11 percentage points during the week to Monday November 18, with 82% of the total planted area now harvested, according to the latest weekly report from the country’s farm office, FranceAgriMer, released on Friday November 22.

Soybean sowing advanced 16 percentage points in the week to November 20, reaching 35.8% of the projected area of 18.6 million hectares, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday November 21.

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.

South Korean feed maker Major Feedmill Group (MFG) has continued its recent purchases of components after it booked 68,000 tonnes feed corn for arrival in March in a private deal on Friday November 22, trade sources told Fastmarkets.

Argentina’s soybean sowing area estimate for the 2024/25 crop was raised by 0.6%, to 17.9 million hectares, while the wheat output was projected at 17.6 million tonnes, the country's Secretariat of Agriculture, Livestock and Fisheries (SagyP) monthly report showed on Thursday November 21.

Russia’s weekly wheat exports from Black Sea ports more than doubled to 1.1 million tonnes in the week ended Thursday November 21, from 429,271 tonnes a week earlier, data from Fastmarkets’ research team showed on Friday November 22.

The Russian government continued to increase its export tax on wheat, as well as increasing the corn tax for the period of November 27 to December 3, but lowered its rates for barley, according to an update from the country’s agriculture ministry on Friday November 22.

The French corn harvest advanced by 11 percentage points during the week to Monday November 18, with 82% of the total planted area now harvested, according to the latest weekly report from the country’s farm office, FranceAgriMer, released on Friday November 22.

Soybean sowing advanced 16 percentage points in the week to November 20, reaching 35.8% of the projected area of 18.6 million hectares, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday November 21.

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

Chinese state agencies held an auction for imported soybeans on Thursday November 21, where 89,895 tonnes of soybeans were offered with 6,716 tonnes sold at a 7.5% clearance rate.

Argentina’s soybean sowing area estimate for the 2024/25 crop was raised by 0.6%, to 17.9 million hectares, while the wheat output was projected at 17.6 million tonnes, the country's Secretariat of Agriculture, Livestock and Fisheries (SagyP) monthly report showed on Thursday November 21.

EU oilseed crushing volumes rose by an average of 11% month on month in October, but remain below the record high of 3.5 million tonnes set in March, according to data released by the EU vegetable oil and protein meal association, FEDIOL, on Friday, November 22.

Canada’s grain and oilseed exports totaled 1.17 million tonnes during the week to Sunday November 17, a decrease of 366,400 tonnes, or 24%, from 1.54 million tonnes the previous week, according to data from the Canadian Grain Commission published late on Thursday November 21.

The International Grains Council (IGC) has lowered its world grain production forecast for the 2024/25 marketing year by 4 million tonnes to 2.31 billion tonnes, according to the council’s latest monthly report.

The Ukrainian corn harvest progressed by 3 percentage points to 92% of the total planned area in the week ended Thursday November 21, with 23.6 million tonnes brought in from the fields, according to the latest data from the Ministry of Agrarian Policy and Food.

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.

Turkey’s state-backed grains agency TMO has announced a rare export sell tender for up to 150,000 tonnes of feed barley, according to documents released on Friday November 22 and seen by Fastmarkets.

Estimates of grain output in Western Australia, the key exporting state in the country, have continued to improve, but the quality was expected to be mixed, the Grain Industry of Western Australia (GIWA) said in its monthly report, published on Friday November 22.

Russia’s weekly wheat exports from Black Sea ports more than doubled to 1.1 million tonnes in the week ended Thursday November 21, from 429,271 tonnes a week earlier, data from Fastmarkets’ research team showed on Friday November 22.

The Russian government continued to increase its export tax on wheat, as well as increasing the corn tax for the period of November 27 to December 3, but lowered its rates for barley, according to an update from the country’s agriculture ministry on Friday November 22.

The French corn harvest advanced by 11 percentage points during the week to Monday November 18, with 82% of the total planted area now harvested, according to the latest weekly report from the country’s farm office, FranceAgriMer, released on Friday November 22.

Ukraine exported 927,000 tonnes of grains during the week to Thursday November 21, down by 22,000 tonnes, or 2%, from 949,000 tonnes the previous week, according to data released by the country’s State Customs Service on Friday November 22.

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 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 with Ukraine.

A correction has been issued for this report.

Ukrainian exports of sunflower meal and oilseeds, including rapeseed and soybeans, increased week on week on Wednesday November 20, according to data from the Ministry of Agrarian Policy released on Thursday November 21. However, exports of sunflower meal decreased during this period.

US soyoil net sales rose to 21,900 tonnes in the week to November 14, with export premiums for US soyoil falling below their counterparts in Argentina and attracting external demand, especially for nearby destinations.

Indonesia’s palm oil exports totaled 1.86 million tonnes in September, down 22% from 2.38 million tonnes in August, according to the latest data published by the Indonesian Palm Oil Association (Gapki) on Thursday November 21.

Fastmarkets commits to publishing daily 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.

Market sources suggested that the export duty on sunflower oil from Russia may increase by 200% in December compared with November, and by another 50% in January compared with December, amid a steady increase in prices for vegetable oils, which supports sunflower oil prices.

Soybean sowing advanced 16 percentage points in the week to November 20, reaching 35.8% of the projected area of 18.6 million hectares, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday November 21.

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.

Estimates of grain output in Western Australia, the key exporting state in the country, have continued to improve, but the quality was expected to be mixed, the Grain Industry of Western Australia (GIWA) said in its monthly report, published on Friday November 22.

EU oilseed crushing volumes rose by an average of 11% month on month in October, but remain below the record high of 3.5 million tonnes set in March, according to data released by the EU vegetable oil and protein meal association, FEDIOL, on Friday, November 22.

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.

Canada’s grain and oilseed exports totaled 1.17 million tonnes during the week to Sunday November 17, a decrease of 366,400 tonnes, or 24%, from 1.54 million tonnes the previous week, according to data from the Canadian Grain Commission published late on Thursday November 21.

The Americas will experience a mix of conditions in the week beginning Thursday November 21, with favorable weather in the US Midwest supporting the harvest of corn and soybeans, while drought stress in the Southern Plains could hamper winter wheat establishment.

A correction has been issued for this report.