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The soybean CFR China (Brazil) basis assessment for August loading was assessed 3 c/bu lower at a premium of 179 cents per bushel to the August CME soybean futures contract...
US and European wheat prices continued to decrease on Tuesday June 25, touching fresh two-month lows, on reduced concerns about the health of the Russian crop and with the US winter wheat harvest advancing.
The Russian grain crop harvest has reached 3.8 million tonnes from 882,600 hectares as of Tuesday June 25, nearly double last year's volume due to an earlier start, with yields higher than expected, according to official government data released on Tuesday.
US corn futures fell further on Tuesday June 25 following rain received across growing areas of the Midwest after a heatwave affected crop and soil conditions.
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Weekly soybean imports into the EU totaled 227,693 tonnes in the week ended Sunday June 23, according to initial data from the European Commission released on Tuesday June 25.
South Korean feed importer Korea Feed Association (KFA) continued its corn purchases, booking a fresh corn cargo for October arrival, sources told Fastmarkets on Tuesday June 25.
The EU's weekly wheat exports amounted to 313,838 tonnes in the week to Sunday June 23, according to initial data from the European Commission released on Tuesday June 25.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the first half of August, trade sources told Fastmarkets on Tuesday June 25.
South Korean feed importer Nonghyup Feed Inc (NOFI) has picked up one cargo of feed wheat for October-arrival and two cargoes of corn for November-arrival via tenders concluded on Tuesday June 25, sources told Fastmarkets.
The Chinese authorities will offer 960,000 tonnes or so of imported soybeans for auction on Friday June 28, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Tuesday June 25.
Algeria’s state grain importer has issued a fresh tender for optional origin nominal 50,000 tonne pf milling wheat for delivery within August-October period, an official document showed late on Monday June 24.
Egypt’s state-backed General Authority of Supply Commodities (GASC) has returned to the market with a tender looking for optional origin milling wheat for August – September shipment, sources said late on Monday June 24.
Brazilian soybean exports amounted to10.9 million tonnes in the first three weeks of June, with soyoil exports improving and corn shipments at slow pace, customs data showed late on Monday June 24.
The majority of the US’s crop conditions declined and landed below market expectations in the week to Sunday June 23, with a heat wave affecting growing areas, the USDA’s weekly crop progress report showed on Monday June 24.
Investors in the US soybean and wheat markets amassed shorts, boosting their net short positions in the week to June 18, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday June 24.
Soybean futures traded in positive territory on Monday June 24 for the second consecutive session, recovering part of the steep losses from June 20, with underlying support from rising soymeal prices.
Soyoil futures edged lower on Monday June 24 on product spreading dynamics, while Malaysian crude palm oil (CPO) futures were rangebound with higher crude values reducing the effects of lower vegetable oil futures on Chinese exchanges.
US and European wheat prices declined to a two-month low on Monday June 24 with market participants focusing on the improving supply picture supported by the US harvest accelerating and concerns about Russian yields receding.
US corn futures prices lowered on Monday June 24 due to cooler conditions bringing an end to the recent heat wave in the Midwest, as reported in the USDA's weather highlights for Monday.