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Brazilian soybean exports reached a record 13.9 million tonnes in June and are expected to decline from July onward while corn shipments pick up, grain exporters association Anec said in its weekly report on Wednesday July 3.
Soyoil futures on the Chicago Mercantile Exchange extended their rally on Wednesday July 3, while Malaysian crude palm oil (CPO) fell slightly on profit-taking.
Soybean futures prices increased on Wednesday July 3 amid soaring soyoil futures and a strong pace of Chinese buying on the South American cash market.
US and European wheat prices declined on Wednesday July 3, with downward pressure coming from the rapid harvest of US winter wheat, reduced concerns about Russian grain yields, and improving conditions in Australia.
US corn futures trended overall lower on Wednesday July 3 as support faded ahead of the US Independence Day holiday, with losses capped by higher week-on-week corn consumption.
Dry bulk freight rates for Panamax-sized vessels were broadly stable in the week to Wednesday July 3 after several weeks of rises, with increased ship supply and slower exports continuing to weigh on rates.
The German 12.5% FOB wheat APM basis assessment for August loading was assessed unchanged at a €6 per tonne discount to the December Euronext wheat contract...
The soybean CFR China (Brazil) basis assessment for August loading was assessed 3 cents per bushel lower...
Brazilian farmers sold the largest daily volume of soybeans since the start of the 2023/24 marketing year, with sales bolstered by the recent sharp devaluation of the domestic currency, while China snapped up several cargoes on the export market, sources told Fastmarkets on Wednesday June 3.
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.
Euronext's commitment of traders report in the week to Friday June 28 showed a significant rise in short positions that shrank the net-long position by 93%, as investors turned bearish on wheat.
US weekly ethanol production increased by 21,000 barrels per day to 1.06 million bpd in the week ended June 28 — its highest level in June 2024 — according to data published by the US Energy Information Administration (EIA) on Wednesday July 3.
Jordan’s state grain importer has booked 60,000 tonnes of feed barley for shipment in the second half of August, trade sources told Fastmarkets on Wednesday July 3.
Major Feedmill Group (MFG) of South Korea has continued corn and meal purchases in private deals on Wednesday July 3 for November-December arrivals, trade sources have told Fastmarkets.
Tunisia's state grain importer has issued an international tender to buy 50,000 tonnes of durum wheat for shipment in late July-September, according to a document seen by Fastmarkets on Wednesday July 3.
Tunisia's state grain importer has issued an international tender to buy 100,000 tonnes of milling wheat for shipment in late July-August, according to a document seen by Fastmarkets on Wednesday July 3.
China’s soybean crush volume in June reached 8.6 million tonnes, slightly lower than earlier market expectation of 9 million tonnes for the period, according to data released by the China National Grain and Oil Information Centre (CNGOIC) this week.
Chinese authorities will offer roughly 910,000 tonnes of imported soybeans for auction on Friday July 5, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Wednesday July 3.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India were up in the week of Wednesday July 3, with charterers especially keen on August tonnage.
The second corn crop harvest in the Brazilian state of Paraná advanced 11 percentage points in the week to Monday July 1, to 53% of the 2.4 million hectare sowed area, state agency Deral's weekly report showed on Tuesday July 2.