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Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.
Dry bulk freight rates for Panamax vessels rose again in the week to Wednesday June 19, with increased demand in the Atlantic meeting a tightening tonnage list, Fastmarkets heard.
The global soybean market was mostly muted on Wednesday June 19, with the Chicago Mercantile Exchange closed in observance of the Juneteenth federal holiday in the US.
European wheat prices on an FOB basis went up on Wednesday June 19, tracking gains in Euronext wheat futures, while Russian and Ukrainian FOB cargo prices were trending lower.
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.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 2 c/bu lower at a premium of 187 cents per bushel to the August CME soybean futures contract...
Argentina’s government no longer requires an export license application (DJVE) for 40 products such as rice corn oil, popcorn and wheat bran, according to a resolution published by the country’s bioeconomy secretariat on Wednesday June 19.
Soymeal prices in China have been dropping since early June amid ample supply and slow downstream buying, which could dent crushers’ appetite for imported soybeans, sources told Fastmarkets.
Euronext’s commitment of traders report for the week to June 14 showed a rise in short positions, while long positions in wheat futures fell, leading to a decrease in the contract’s net long position.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to key destination markets were steady in the week to Wednesday June 19 amid continued positive sentiment for June shipments compared with a week earlier, Fastmarkets heard.
The German 12.5% FOB wheat APM basis assessment for August loading was assessed unchanged at a €7 per tonne discount to the December Euronext wheat contract...
Thailand’s Feed Millers’ Association (TFMA) has booked up to 60,000 tonnes of feed wheat cargo expected to be sourced from the Black Sea, sources said on Wednesday June 19.
After more than two years of war, Ukrainian trade has start to feel sufficient confidence to return to forward trading because the country’s Black Sea ports have been showing stable trade flows for almost nine months. But there are still other factors limiting it, market sources told Fastmarkets in June 2024.
China’s soybean crush volume dropped by 60,000 tonnes to 1.90 million tonnes in the week to June 14 compared with the previous week, according to data released by the China National Grain and Oil Information Centre (CNGOIC) on Tuesday June 18.
South Korean feed importer Korea Feed Association (KFA) has picked up one cargo of soybean meal via a private deal with trading house Cofco late on Tuesday June 18, sources told Fastmarkets.
The second corn crop harvest in the Brazilian state of Paraná advanced by 16 percentage points in the week to Monday June 17 to 29% of the sowed area, state agency Deral’s weekly report showed on Tuesday June 18.
Brazil’s grain exporters association Anec raised its June soybean export forecast to 14.8 million tonnes, which would be a June record; soymeal shipment projections were also increased, the association said in its latest report released on Tuesday June 18.
The Brazilian Association of Vegetable Oil Industries (Abiove) reduced its estimate for the country’s soybean crop output in 2023/24 to 152.5 million tonnes, down by 1.4 million tonnes from the previous forecast of 153.9 million tonnes, its monthly report showed on Tuesday June 18.
Crude palm oil (CPO) futures finished the day lower on Tuesday June 18, when trading resumed after a long weekend holiday in Malaysia, because a sluggish export pace and weaker energy values offset slightly firmer related vegoils prices.
Soybean futures recovered from the previous session’s losses on Tuesday June 18 due to higher crude oil and product prices.