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Futures prices of soy products in the Chicago Mercantile Exchange lacked a clear direction after the USDA released its monthly World Agricultural Supply and Demand Estimates (WASDE) report on Wednesday June 12.
The USDA projects steady domestic figures from last month, but estimates global changes, according to the agency's update to its influential World Agricultural Supply and Demand Estimates (WASDE) report on Wednesday June 12.
The soybean CFR China (Brazil) basis assessment for July loading was assessed unchanged at a premium of 172 cents per bushel to the July CME soybean futures contract...
The German 12.5% FOB wheat APM basis assessment for July loading was assessed firmer by €4 per tonne at a €1 per tonne discount to the September Euronext wheat contract...
The European Bank for Reconstruction and Development (EBRD) has announced a €60 million ($65 million) loan to Ukraine’s Lan Oil to finance the country’s first private biofuels venture since Russia launched its full-scale invasion in February 2022, according to a press release published on Wednesday June 12.
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.
Russian spring grain planting slowed down at the final stretch, progressing another 5.7 percentage points to 93.7% complete in the week to Tuesday June 11, according to agriculture ministry data.
Euronext’s commitment of traders report for the week to June 7 showed a rise in short positions, with a modest gain in the number of long positions in wheat futures, leading to a reduction in the contract’s net long position.
US weekly ethanol production decreased by 49,000 barrels per day to 1.023 million bpd in the week ended June 7, the first decline reported since the first week of May, according to data published by the US Energy Information Administration (EIA) on Wednesday June 12.
The president of the Brazilian Senate, Rodrigo Pacheco, announced on Tuesday June 11 that part of the provisional legal act regarding the use of accumulated tax credits from the PIS/Cofins tax would be returned to the executive branch following intense backlash from the country’s industry, including the agricultural sector.
Turkish state-owned grains agency TMO has set a minimum export price for durum wheat, an official document showed late on Tuesday June 11, confirming market chatter prior to the announcement.
China’s agriculture outlook committee (CAOC) has lowered its 2023/24 palm oil import estimates by 700,000 tonnes to 3.8 million tonnes, while it raised 2023/24 rapeseed oil import estimates by the same amount to 2.2 million tonnes, with the overall import volume estimate for edible vegetable oil for the period unchanged, according to its latest monthly Chinese Agricultural Supply and Demand Estimates (CASDE) released on Wednesday June 12.
France’s state-backed farm agency FranceAgriMer has moderately increased its forecast for 2023/24 soft wheat exports outside the European Union in its monthly outlook published on Wednesday June 12.
China’s soybean crush volume dropped to 1.97 million tonnes in the week to June 7, down by 190,000 tonnes week on week, amid slow soymeal sales, according to data from the China National Grain and Oil Information Center (CNGOIC).
Malaysia has set its crude palm oil (CPO) reference price for July at 3,839.63 ($813) ringgit per tonne, down from the 3,956.06 ringgit per tonne for June, according to a circular released by the Malaysian Palm Oil Board (MPOB) on Wednesday June 12.
South Korean feed importer Major Feedmills Group (MFG) has issued a buy tender for 60,000 tonnes of soybean meal for arrival in November, sources told Fastmarkets on Wednesday June 12.
Egypt’s state-backed General Authority of Supply Commodities (GASC) has secured 400,000 tonnes of wheat from Ukraine, Romania and Bulgaria for August shipment, after successfully closing a tender on Tuesday June 11.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to key destination markets have mainly risen compared with a week earlier, Fastmarkets heard on Wednesday June 12.
The second corn crop harvest in the Brazilian state of Paraná advanced by 6 percentage points in the week to Monday June 10 to 13% of the sowed area, state agency Deral’s weekly report showed on Tuesday June 11.
Brazil’s grain exporters association Anec raised its soybean export estimates for June by 1.7 million tonnes to 13.7 million tonnes; soymeal and corn projections were also increased, the association said in its latest report released on Tuesday June 11.