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The Ukrainian Grain Association (UGA), the trade lobby in state bodies, called on the Ukrainian government to suspend the minimum export price mechanism implementation amid concerns over potential negative effects, a note on the organization's website showed on Thursday June 20.

The corn harvest advanced by 2 percentage points to 97% of the 812,795-hectare planted area during the week in Brazil’s Rio Grande do Sul state, while wheat sowing made progress, according to a report by state agency Emater/RS on Thursday June 20.

Agricultural company Bunge announced on Thursday June 20 that it has signed a definite agreement to sell its 50% stake in the Brazil-based sugar and ethanol joint venture BP Bunge Bioenergia to bp, its partner in the JV.

The Buenos Aires Grains Exchange (BAGE) increased its wheat sowing area estimates for Argentina by 100,000 hectares, to 6.3 million ha, since improvements in grain and input prices have stimulated wheat sowing in key areas in the central and southern part of the agricultural area, the exchange said in its weekly crop report update.

Crude palm oil (CPO) futures made marginal gains on Thursday June 20 amid mixed export demand indications, while firmer related vegoils provided support.

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The nearby soybean futures contract on the Chicago Mercantile Exchange slipped to its lowest price since February on Thursday June 20; the market returned from the US Juneteenth holiday amid easing concerns about US weather and under pressure from soy products.

Malaysia’s used cooking oil (UCO) exports notched a monthly record-high volume for May after posting 101,545 tonnes, a 10% increase from April.

Chicago wheat futures dropped to a two-month low on Thursday June 20, with market participants monitoring the advancing US harvest amid reduced concerns about the health of the Russian crop after rain in prime growing regions.

US corn futures trended lower on Thursday June 20 following the US Juneteenth holiday, despite worsening drought conditions and higher week on week ethanol consumption reported by the USDA, while market participants awaited further direction from the Planted Acreage and Quarterly Stocks reports to be released on Friday June 28.

The German 12.5% FOB wheat APM basis assessment for August loading was assessed up €1 per tonne at a €6 per tonne discount to the December Euronext wheat contract...

Brazil is forecast to get more rain its southern provinces, which may interrupt field work in Rio Grande do Sul.

US weekly ethanol production increased by 34,000 barrels per day to 1.057 million bpd in the week ended June 14, according...

Exports of milling wheat from the port of Rouen in France were up 83% to 175,204 tonnes during the week to Wednesday June 19, compared with 95,676 tonnes one week prior, according to data released by port operator Haropa.

Ukrainian weekly exports of sunflower oil, sunflower meal and soybeans fell in the week to Wednesday June 19, with stocks easing ahead of the end of the season, according to official data released on Thursday June 20.

China’s soybean imports from Brazil in May came in at 8.81 million tonnes, according to figures released by the country’s General Administration of Customs (GACC) on Thursday June 20.

Sales of Argentine old and new crop soybeans and corn increased in the week to June 12, while wheat was mixed, according to data released by the country’s agriculture secretariat late on Wednesday June 19.

With the US out and the Chicago Mercantile Exchange closed in observance of the Juneteenth holiday, trade in global corn markets was quiet on Wednesday June 19.

Crude palm oil (CPO) futures recovered on Wednesday June 19 on the back of a firmer vegoil complex, and early estimates from cargo surveyors indicate a recovery in June’s export pace.

Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.