Market News
Wheat
In the US, rain in the western Corn Belt was slowing fieldwork, but has improved drought conditions for crops.
The United Nations Food and Agriculture Organization (FAO) has raised its wheat and corn production estimates for the 2023/24 marketing year in the May agricultural market information system (AMIS) report.
Rouen milling wheat exports were down by 37% in the week to Wednesday May 1 at 63,000 tonnes, according to data released by port operator Haropa.
Ukrainian agriculture exports through Black Sea ports in April were the highest since the full-scale war started, while rail export fell to the lowest level since April 2022, according to official statistics from the agriculture ministry.
Algeria’s state-backed grain importing agency, OAIC, is expected to close a tender to buy a nominal 50,000 tonnes of wheat on Thursday May 2, trade sources told Fastmarkets on Wednesday May 1.
Second corn crop conditions worsened in the Brazilian state of Paraná, while the soybean harvest was completed and wheat sowing was favored by the weather...
Brazil’s grain exporters association Anec increased its soybean export estimates for April, while lowering projections for soymeal, corn and wheat exports...
Market News
Corn
Argentina's growers have completed sunflower planting, while current corn and soybean harvest indications are prompting concerns, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday May 2.
In the US, rain in the western Corn Belt was slowing fieldwork, but has improved drought conditions for crops.
The United Nations Food and Agriculture Organization (FAO) has raised its wheat and corn production estimates for the 2023/24 marketing year in the May agricultural market information system (AMIS) report.
According to Ukraine’s Ministry of Agriculture, sowing of spring grains in the country during the week ending Thursday May 2 showed a significant week-on-week increase of 15.3 percentage points.
US weekly net sales of corn totaled 758,500 tonnes for the 2023-2024 crop year in the week ended April 25, down by 42% from the previous week and by 1% from the prior four-week average, according to USDA data.
Ukrainian agriculture exports through Black Sea ports in April were the highest since the full-scale war started, while rail export fell to the lowest level since April 2022, according to official statistics from the agriculture ministry.
US weekly ethanol production increased by 33,000 barrels per day to 987,000 barrels per day in the week ended April 26, according to data published by the US Energy Information Administration (EIA) on Wednesday May 1.
Market News
Soybean
Argentina's growers have completed sunflower planting, while current corn and soybean harvest indications are prompting concerns, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday May 2.
In the US, rain in the western Corn Belt was slowing fieldwork, but has improved drought conditions for crops.
The US Department of Agriculture's attaché in Argentina kept its 2023/24 soybean output estimate unchanged at 49.5 million tonnes while projecting a 51 million tonnes production in 2024/25.
The United Nations Food and Agriculture Organization (FAO) has raised its wheat and corn production estimates for the 2023/24 marketing year in the May agricultural market information system (AMIS) report.
According to Ukraine’s Ministry of Agriculture, sowing of spring grains in the country during the week ending Thursday May 2 showed a significant week-on-week increase of 15.3 percentage points.
US net soyoil sales dropped by 56% in the week to April 25 after the previous week’s significant increase, while soybean cake and meal sales fell by 57% week on week, according to data from the US Department of Agriculture released on Thursday May 2.
US soybean net export sales for the 2023/24 crop year rose by 96% to 414,000 tonnes in the week to April 25 from 210,900 tonnes in the previous week, data from the US Department of Agriculture showed on Thursday May 2.
Weekly exports of sunflower meal and sunflower oil jumped in the week to Thursday May 2, while soybean exports fell to their lowest levels since the start of the 2023/24 season, official data shows.
Market News
In the US, rain in the western Corn Belt was slowing fieldwork, but has improved drought conditions for crops.
According to Ukraine’s Ministry of Agriculture, sowing of spring grains in the country during the week ending Thursday May 2 showed a significant week-on-week increase of 15.3 percentage points.
Rouen milling wheat exports were down by 37% in the week to Wednesday May 1 at 63,000 tonnes, according to data released by port operator Haropa.
Ukrainian agriculture exports through Black Sea ports in April were the highest since the full-scale war started, while rail export fell to the lowest level since April 2022, according to official statistics from the agriculture ministry.
Fastmarkets Agricensus 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.
US corn, soybean, spring wheat and barley planting advanced above last year's pace and their respective five-year averages in the week to Sunday April 28 due to improved topsoil and subsoil moisture conditions, the USDA’s weekly crop progress report showed on Monday April 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.
The Russian government has cut the export tariff for wheat and barley, but left the corn tax unchanged in a short two-day...
Market News
Vegoils
The US Department of Agriculture's attaché in Argentina kept its 2023/24 soybean output estimate unchanged at 49.5 million tonnes while projecting a 51 million tonnes production in 2024/25.
Freight rates for vessels carrying palm oil from Southeast Asia to key destinations in the region were steady from the previous week, supported by a healthy volume of inquiries.
US net soyoil sales dropped by 56% in the week to April 25 after the previous week’s significant increase, while soybean cake and meal sales fell by 57% week on week, according to data from the US Department of Agriculture released on Thursday May 2.
Weekly exports of sunflower meal and sunflower oil jumped in the week to Thursday May 2, while soybean exports fell to their lowest levels since the start of the 2023/24 season, official data shows.
China’s soybean crush volume in the week ending Friday April 26 ended its upward trend and edged down by 30,000 tonnes, or 1.54%, to 1.92 million tonnes compared with the week to April 19, according to data from the China National Grain and Oil Information Centre (CNGOIC).
The Argentine Oilseed Crushers Union (SOEA) announced on Tuesday April 30 the end of the strike that had started on Monday, according to a union note.
Indonesia’s palm oil inventories totaled 3.26 million tonnes at the end of February, up by 7.49% from January, following a decrease in exports and domestic consumption, according to data from the Indonesian Palm Oil Association (Gapki) released on Tuesday April 30.
Fastmarkets Agricensus 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.
Market News
Meals
Argentina's growers have completed sunflower planting, while current corn and soybean harvest indications are prompting concerns, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday May 2.
In the US, rain in the western Corn Belt was slowing fieldwork, but has improved drought conditions for crops.
The US Department of Agriculture's attaché in Argentina kept its 2023/24 soybean output estimate unchanged at 49.5 million tonnes while projecting a 51 million tonnes production in 2024/25.
According to Ukraine’s Ministry of Agriculture, sowing of spring grains in the country during the week ending Thursday May 2 showed a significant week-on-week increase of 15.3 percentage points.
US net soyoil sales dropped by 56% in the week to April 25 after the previous week’s significant increase, while soybean cake and meal sales fell by 57% week on week, according to data from the US Department of Agriculture released on Thursday May 2.
Weekly exports of sunflower meal and sunflower oil jumped in the week to Thursday May 2, while soybean exports fell to their lowest levels since the start of the 2023/24 season, official data shows.
China’s soybean crush volume in the week ending Friday April 26 ended its upward trend and edged down by 30,000 tonnes, or 1.54%, to 1.92 million tonnes compared with the week to April 19, according to data from the China National Grain and Oil Information Centre (CNGOIC).
The Argentine Oilseed Crushers Union (SOEA) announced on Tuesday April 30 the end of the strike that had started on Monday, according to a union note.