Market News
Wheat
Tunisia's state grain importer has canceled an international tender to buy 75,000 tonnes of durum wheat for shipment between November and December, according to market participants.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the first half of January after canceling five tenders in a row since September 18, trade sources told Fastmarkets on Tuesday October 29.
US corn, soybean and sunflower harvest progress remained above five-year averages in the week to Sunday October 27, while winter wheat planting progress and crop conditions were lower year on year, the USDA’s weekly crop progress report showed on Monday October 28.
The Fishing and Maritime Cabotage Skippers’ and Officials’ Center (Centro de Patrones y Oficiales Fluviales de Pesca y de Cabotaje Marítimo) in Argentina has announced that it will join the transport stoppages in the country on Wednesday October 30, interrupting the loading of cargoes at ports.
The US Department of Agriculture’s (USDA) attaché in Argentina left his forecast of the country’s wheat and barley production in 2024/25 unchanged while cutting its corn output estimate, with wheat export projections boosted while exports of the other two grains were cut.
Fastmarkets commits to publishing on a daily basis 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.
Ukraine's winter sowing campaign is at the finish line and has advanced on 351,400 hectares in all regions of the country as of Monday October 28, according to data from the country's agriculture ministry.
Egypt’s Supply Ministry has postponed the delivery of 430,000 tonnes of Russian milling wheat, announced in mid-September for November arrival, local media and Reuters news agency reported on Monday October 28.
Market News
Corn
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.
US corn, soybean and sunflower harvest progress remained above five-year averages in the week to Sunday October 27, while winter wheat planting progress and crop conditions were lower year on year, the USDA’s weekly crop progress report showed on Monday October 28.
The Fishing and Maritime Cabotage Skippers’ and Officials’ Center (Centro de Patrones y Oficiales Fluviales de Pesca y de Cabotaje Marítimo) in Argentina has announced that it will join the transport stoppages in the country on Wednesday October 30, interrupting the loading of cargoes at ports.
The US Department of Agriculture’s (USDA) attaché in Argentina left his forecast of the country’s wheat and barley production in 2024/25 unchanged while cutting its corn output estimate, with wheat export projections boosted while exports of the other two grains were cut.
Forecasts for corn, sunflower and soybean yields in the EU have all been cut after a rainy start to autumn, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Fastmarkets commits to publishing on a daily basis 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.
Export inspections of US corn were down by 18% to 823,664 tonnes during the week to Thursday October 24, from 1 million tonnes in the previous week, according to USDA data released on Monday October 28.
Russian farmers have harvested nearly 87 million tonnes of wheat, completing the harvest of more than 98% of the planted area as of October 25, according to data seen by Fastmarkets on Monday October 28.
Market News
Soybean
The EU imported a total of 42,281 tonnes of soybeans in the week to Sunday October 27, increasing the yearly total to 3.78 million tonnes, up by 1% year on year, based on preliminary data from the European Commission released on Tuesday October 29.
US corn, soybean and sunflower harvest progress remained above five-year averages in the week to Sunday October 27, while winter wheat planting progress and crop conditions were lower year on year, the USDA’s weekly crop progress report showed on Monday October 28.
The Fishing and Maritime Cabotage Skippers’ and Officials’ Center (Centro de Patrones y Oficiales Fluviales de Pesca y de Cabotaje Marítimo) in Argentina has announced that it will join the transport stoppages in the country on Wednesday October 30, interrupting the loading of cargoes at ports.
Forecasts for corn, sunflower and soybean yields in the EU have all been cut after a rainy start to autumn, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Export inspections of US soybeans were down 6% to 2.39 million tonnes in the week ended Thursday October 24, from the 2.55 million tonnes recorded a week earlier, data from the USDA showed on Monday October 28.
Russian farmers have harvested nearly 87 million tonnes of wheat, completing the harvest of more than 98% of the planted area as of October 25, according to data seen by Fastmarkets on Monday October 28.
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.
Speculators in the US corn and soybean markets, as well as in two of three wheat contracts, added short positions in the week to Tuesday October 22, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 25.
Market News
The US Department of Agriculture’s (USDA) attaché in Argentina left his forecast of the country’s wheat and barley production in 2024/25 unchanged while cutting its corn output estimate, with wheat export projections boosted while exports of the other two grains were cut.
Fastmarkets commits to publishing on a daily basis 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.
Ukraine's winter sowing campaign is at the finish line and has advanced on 351,400 hectares in all regions of the country as of Monday October 28, according to data from the country's agriculture ministry.
Russian farmers have harvested nearly 87 million tonnes of wheat, completing the harvest of more than 98% of the planted area as of October 25, according to data seen by Fastmarkets on Monday October 28.
Fastmarkets commits to publishing on a daily basis 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.
The Turkish governmental statistics agency (Turkstat) has released its second estimate for grains and oilseeds production for 2024/25 marketing year, decreasing grain production compared with last year, but increasing oilseed production, an official document showed on Friday October 25.
The Russian government continued to raise the wheat export tax for the October 30-November 5 period, along with increasing the tariff for barley and corn, according to a note published by the country’s agriculture ministry on Friday October 25.
Ukraine’s weekly grain exports fell by 38% week on week to 682,224 tonnes, according to data released by the country’s State Customs Service on Friday October 25.
Market News
Vegoils
The EU imported a total of 42,281 tonnes of soybeans in the week to Sunday October 27, increasing the yearly total to 3.78 million tonnes, up by 1% year on year, based on preliminary data from the European Commission released on Tuesday October 29.
Fastmarkets commits to publishing on a daily basis 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.
Speculators in the US corn and soybean markets, as well as in two of three wheat contracts, added short positions in the week to Tuesday October 22, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 25.
The first indications for crude palm oil (CPO) cargoes for loading in 2025 have been heard discussed in the key Rotterdam delivery market, with traders showing increased signs of getting back to work after European deforestation rules were shelved in September.
Fastmarkets commits to publishing on a daily basis 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.
Russia’s sunflower oil export duty has risen above zero for the first time in 18 months, while the sunflower meal export duty has reached its highest since April 2024, according to an update from the country’s Agriculture Ministry on Friday October 25.
Fastmarkets commits to publishing on a daily basis 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.
The USDA attaché in Brazil increased its estimate for the country's 2024/25 soybean crop by 1 million tonnes to 161 million tonnes and projected record soybean exports next year at 102 million tonnes, a report showed late on Wednesday October 23.
Market News
Meals
The EU imported a total of 42,281 tonnes of soybeans in the week to Sunday October 27, increasing the yearly total to 3.78 million tonnes, up by 1% year on year, based on preliminary data from the European Commission released on Tuesday October 29.
US corn, soybean and sunflower harvest progress remained above five-year averages in the week to Sunday October 27, while winter wheat planting progress and crop conditions were lower year on year, the USDA’s weekly crop progress report showed on Monday October 28.
Forecasts for corn, sunflower and soybean yields in the EU have all been cut after a rainy start to autumn, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Fastmarkets commits to publishing on a daily basis 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.
Ukraine's winter sowing campaign is at the finish line and has advanced on 351,400 hectares in all regions of the country as of Monday October 28, according to data from the country's agriculture ministry.
Russian farmers have harvested nearly 87 million tonnes of wheat, completing the harvest of more than 98% of the planted area as of October 25, according to data seen by Fastmarkets on Monday October 28.
Speculators in the US corn and soybean markets, as well as in two of three wheat contracts, added short positions in the week to Tuesday October 22, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 25.
Fastmarkets commits to publishing on a daily basis 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.