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Crude palm oil (CPO) futures edged up on Friday December 27 on firmer related vegoils, while tightened supply indications provided underlying support.
Soybean futures ended the week in negative territory on the Chicago Mercantile Exchange, with the USDA reporting lower-than-expected export sales that landed at a marketing-year low, while lower soymeal futures along with rain forecast for Brazil added pressure.
US weekly ethanol production increased by 4,000 barrels per day to 1.107 million bpd in the week to Friday December 20, according to data published by the US Energy Information Administration (EIA) on Friday December 27.
US and European wheat futures climbed on Friday December 27, with many market participants off for the Christmas holiday amid reports that Algerian and Egyptian buyers had concluded large deals.
US corn futures were little changed on Friday December 27 in light post-Christmas trading, after a government report showed that net sales of the grain exceeded estimates.
Net US soybean oil sales and exports came in above market analysts' expectations in the week to December 19, data released by the USDA on Friday December 27 showed.
Russia’s state statistical agency Rosstat has published the preliminary results for the 2024 harvest campaign, pegging the wheat crop at 82.4 million tonnes, an official document from the agency’s website showed on Wednesday December 25.
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Net sales of US soybean meal surpassed analysts' expectations in the week to December 19, according to data released by the USDA on Friday December 27.
US soybean net sales fell by 31% to 978,400 tonnes in the week to Thursday December 19, a marketing-year low. This was compared with 1.4 million tonnes the previous week, missing market estimates and 47% lower than the prior four-week average, weekly data from the USDA showed on Friday December 27.
US weekly net sales of corn totaled 1,711,300 tonnes for the 2024/25 crop year in the week ended Thursday December 19, up by 46% from the previous week and by 64% from the previous four-week average, according to data from the USDA released on Friday December 27.
US weekly net sales of wheat for the 2024/25 crop year totaled 612,400 tonnes during the week to Thursday December 19, up by 34% from the previous week and by 64% from the prior four-week average, the USDA said on Friday December 27.
Chinese state agencies conducted an auction for imported soybeans on Friday December 27, where 41,172 tonnes of soybeans were sold, sources told Fastmarkets.
Fewer than 10,000 tonnes of milling wheat were exported from Rouen in the week to Wednesday December 25, according to data released by French port operator Haropa.
APM-6 assessed unchanged at 122 c/bu over March...
Brazilian grain exporters association Anec cut its estimates for December soymeal exports but raised its projection for corn, soybeans and wheat shipments in its weekly report published on Tuesday December 26.
Russia is raising its export duty on sunflower oil by 74.72% in January — reaching its highest since October 2022, when the duty was first applied — and and increasing its export duty on meal by 26.00%, according to an update from Russia's Ministry of Agriculture on Wednesday December 25.
Weekly Ukrainian sunflower oil exports up by 60% to 114,210 tonnes; total exports at 1.67 mln tonnes
Ukrainian exports of sunflower oil, sunflower meal and rapeseed increased in the week of December 19-25, while soybean exports decreased, official data from the Ministry of Agrarian Policy showed on Thursday December 26.
China’s inventories of three major vegoils — soybean oil, palm oil and rapeseed oil — collectively fell to 1.9 million tonnes in the week to Friday December 20, 20,000 tonnes lower than the previous week’s 1.92 million tonnes, with declines in soybean and palm oil stocks, according to figures from the China National Grain and Oils and Information Centre (CNGOIC).