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South Korean feed importer Feed Leaders Committee (FLC) concluded its buy tenders for feed wheat and corn on Friday June 28 without making any purchases, sources told Fastmarkets.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 8 cents...
China’s imported soybean auction held on Friday June 28 saw around 154,668 tonnes sold out of the 899,379 tonnes offered, yielding a clearance rate of 17.2%, sources told Fastmarkets.
Indonesia raised its crude palm oil (CPO) reference price for July to $800.75 per tonne, up from $778.82 per tonne in June, the country’s trade ministry said in a government circular issued on Friday June 28.
The USDA attaché in Malaysia has reduced its estimates for Malaysia’s crude palm oil (CPO) production for the October 2023 – September 2024 marketing year in its latest report released June 26, citing effects from the hot and dry El Niño weather event and labor limitations.
The Argentine Oilseed Crushers Union (SOEA) announced another strike in Argentinean port units on Thursday June 27 to protest the “Ley de Bases y Puntos de Partida” labor reform law and new tax rules, which will affect the ports of Rosario, San Lorenzo and Bahia Blanca.
Canada's grain and oilseed exports rose by 950,200 tonnes, or 34%, in the week to Sunday May 23, with increases in the flow of wheat, durum and canola, according to data from the Canadian Grain Commission published late on Friday June 28.
Soyoil futures in Chicago edged lower on Thursday June 27, while Asian vegoil and European rapeseed prices increased, lifting cash prices.
Argentina’s recent rains accelerated planting and harvesting efforts in the country in the week ended Wednesday June 26, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday June 27.
Black Sea sunflower oil prices have declined by 5% over the past 10 days after reaching season high levels, trade sources told Fastmarkets on Thursday June 27.
Soybean futures were broadly flat on Thursday June 27 with little change on the news and fundamentals fronts, and with the market awaiting the USDA’s acreage and quarterly stocks reports that will be published before the weekend.
US corn futures fell for a seventh consecutive trading day on Thursday June 27, with fieldwork resuming following excessive rain in parts of the Midwest and with market participants positioning one day ahead of the USDA Acreage and Grain Stocks reports.
US and European wheat prices climbed for a second day on Thursday June 27, with market participants continuing to cover shorts after strong US export sales and following Canadian government data that the country’s farmers planted less wheat in 2024 than last year.
The US Midwest turned colder, and drier weather is expected to favor areas with saturated soils after recent excessive rains.
Argentina crushed 3.97 million tonnes of soybeans in May, up by 13.6% from a year earlier, but the share of imported soybeans remained high even at the peak of the harvest, reflecting higher availability from Paraguay and lower-than-expected domestic farmer sales.
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 4 c/bu lower at a premium of 178 cents per bushel to the August CME soybean futures contract...
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 harvest accelerated in the week to Thursday June 27, reaching 1% completion, with more regions joining the campaign, according to government data released on Thursday.
The rampant destruction of Argentina's corn crop by tiny invasive insects could become a thing of the past, after scientists in Argentina announced that they have sequenced the genome of the corn leafhopper.