Meals
Market News
Some Ukrainian crushers were considering a switch to the processing of rapeseed in the new harvest, due to a possible shortage of sunflower, market sources told Fastmarkets on Friday May 3.
Russian spring grain and oilseeds planting progressed by almost 10 percentage points during the week ending Thursday May 2, according to data from the agriculture ministry.
Canada exported 611,200 tonnes of grain and oilseeds in the week ended Sunday April 28, down by 29%, data released on Friday May 3 by the Canadian Grain Commission shows.
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.
Meals
Corporate News
Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...
Wilmar International has confirmed one of its terminals was damaged in an "incident" and estimated that it will take up to six months to repair the facilities destroyed after a missile attack on the Ukrainian port of Pivdenny...
Russian president Vladimir Putin has signed a document that confirms his government has officially seized the assets of Russia-based company Agroterra, wresting control from the company's owner, US-headquartered investment company NCH Capital.
The Louis Dreyfus Company (LDC) reported a $60 million loss for 2023 amid the deconsolidation of its Russian business...
Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 2023 financial year...
China's average hog price dropped by 1.4% and 36.6% on the week and year last week, respectively...
China’s weekly soybean crush level dropped by almost 4% from the previous week to 1.7 million mt last week as many crushers continued to suspend operations due to a lack of soybeans...
China is said to have bought at least 9 cargoes of US soybeans this week and...
Meals
Policy News
Russia’s Ministry of Agriculture cut its sunflower meal export duty again and kept its tariff for sunflower oil at zero for the month...
The European Commission (EC) on Friday March 22 proposed an increase in tariffs on imports of cereals, oilseeds and grain products into the EU from Russia and Belarus...
China’s agriculture ministry issued new guidelines Monday aimed at better adjusting hog production capacity, including lowering...
The Russian Ministry of Agriculture has reduced the export duty on sunflower meal, while leaving the export duty on sunflower oil at...
The European Commission has proposed to extend the duty and quota-free import of agricultural products from Ukraine and Moldova for another year...
The proportion of soybean meal China uses in feed formula has dropped by 1.5 percentage points from 2022 to 13% currently...
Tensions between EU member states and neighboring Ukraine continue to run high, despite the introduction of a licensing scheme for agricultural imports introduced last December...
China will strive to maintain its soybean area above 150 million mu (24.7 million acre) and oil crop area above 200 million mu this year...