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Ukrainian exports of sunflower oil, sunflower meal and soybean meal in the week ended Wednesday June 12 increased compared with the previous week, according to official data published on Thursday June 13.
US weekly corn net sales of the 2023/24 crop totaled 1,056,100 tonnes in the week to June 6, down by 11% from the previous week, but up 16% from the prior four-week average, according to the latest data from the US Department of Agriculture released on Thursday June 13.
US soybean weekly export sales increased markedly in the week to June 6, landing at 377,100 tonnes, the USDA reported on Thursday June 13.
US weekly net sales of wheat for the 2024/25 crop year totaled 223,900 tonnes during the week to June 6, the US Department of Agriculture said on Thursday June 13.
China held an imported soybean auction on Thursday June 13; around 265,320.40 tonnes were sold out of the 1.02 million tonnes offered, yielding a clearance rate of 26%, sources told Fastmarkets.
India imported 763,300 tonnes of palm oil in May, up 12% from April, retaining its majority share of the country’s vegoils imports, figures from industry group Solvent Extractors Association of India (SEA) showed on Thursday June 13.
Malaysia’s exports of palm oil for the first 10 days of June were down 24% from a month earlier at 262,386 tonnes, figures from cargo surveyor Intertek Testing Services (ITS) show.
South Korean feed importer Major Feedmills Group (MFG) has concluded its buy tender for soymeal, picking up around 60,000 tonnes of meal at $445.49 per tonne CFR South Korea inclusive of a second port discharge cost, sources told Fastmarkets on Thursday June 13.
A correction has been issued for this report.
Indonesia’s palm oil exports in May were estimated at 1.72 million tonnes, according to figures from cargo surveyor Intertek Testing Services (ITS), 4.2% lower compared with April, but 6.6% higher year on year.
Sales of Argentine old and new crop soybeans fell, while corn rose and wheat was mixed in the week to June 5, according to data released by the country’s agriculture secretariat late on Wednesday June 12.
Brazil’s soybean forward sales for the 2023/24 crop year reached 65.7% of the country’s 147.6 million tonne estimated crop by the end of May, a monthly gain of 13.7 percentage points, local consultancy Datagro said on Wednesday June 12.
Mexican white and yellow corn production is expected to decline in the Oct2023/Sep24 market cycle as a result of severe drought in growing areas, according to the government publication Agri-Food Expectations 2024.
The front-month July soybean futures rose on Wednesday June 12 amid lower-than-expected cuts to Brazil´s output in Wednesday’s World Agricultural Supply and Demand Estimates (WASDE) report.
Crude palm oil (CPO) futures in Malaysia extended gains on Wednesday June 12 amid technical positioning and firmer energy values, while firmer related vegoils lent further strength.
US corn futures fell on Wednesday June 12 following lower ethanol consumption reported by the USDA, as well as unchanged domestic projections in the influential World Agricultural Supply and Demand Estimates (WASDE) report.
US and European wheat prices fell on Wednesday June 12 while market participants digested the June edition of the USDA’s World Agricultural Supply and Demand Estimates (WASDE) report.
The USDA has increased its estimates of US wheat production and export for the 2024/25 marketing year, while reducing its ending stocks forecast, and lowering its global output and ending stocks projections, Fastmarkets has learned.
The USDA cut its forecast for Brazil’s old crop soybean crop, but not by the extent that market participants anticipated, and it pegged global and US ending stocks for 2023/24 above expectations, according to its World Agricultural Supply and Demand Estimates (WASDE) report on Wednesday June 12.
Dry bulk freight rates for Panamax vessels began to recover in the week to Wednesday June 12, with a flurry of activity cutting the surplus tonnage on the east coast of South America (ECSA) and supporting freight rates.