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The front-month July soybean futures fell on Tuesday June 11 with market participants adjusting positions ahead of Wednesday’s World Agricultural Supply and Demand Estimates (WASDE) report and US soybean crop showing good conditions.
Crude palm oil (CPO) futures in Malaysia moved sideways on Tuesday June 11 on mixed fundamental supply and demand figures, while weaker related vegoils kept pressure on prices.
US corn futures moved higher on Tuesday June 11 after the USDA reported lower week-on-week corn crop ratings, and with market participants positioning themselves ahead of the influential monthly World Agricultural Supply and Demand Estimates (WASDE) report.
US and European wheat prices rebounded on Tuesday June 11 after a USDA report showed that US crop conditions unexpectedly declined last week and as the lack of follow-through in recent price moves spurred technical buying.
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...
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Egypt’s state-owned General Authority for Supply Commodities (GASC) has returned to purchasing vegetable oils after a month-long break, announcing a tender late on Tuesday June 11, trade sources have told Fastmarkets.
Weekly soybean imports into the EU totaled 173,444 tonnes in the week ended June 9, according to initial data from the European Commission released on Tuesday June 11.
The European Union’s weekly wheat exports totaled 269,440 tonnes in the week to Sunday June 9, according to initial data from the European Commission released on Tuesday June 11.
Brazilian soybean exports totaled 3.6 million tonnes in the first week of June, while in the whole month last year, the country sent abroad 13.7 million tonnes, customs data showed late on Monday June 10.
The soybean CFR China (Brazil) basis assessment for July loading was assessed 3 c/bu lower at a premium of 172 cents per bushel to the July CME soybean futures contract...
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the second half of July after three months of rejecting provided offers, trade sources told Fastmarkets on Tuesday June 11.
In its first production forecast for the new 2024 marketing year, France’s farm ministry Agreste estimated winter barley production in the country to be around 8.6 million tonnes, down by 10.7% from 2023 but up by 2.6% from the five-year average.
In its third forecast for the 2024 crop, trade association Coceral pegged the total grain crop in the EU27 (the EU’s 27 members) and the UK at 296 million tonnes, slightly above the previous forecast of 295.5 million tonnes and up from the 292.8 million tonnes harvested in 2023.
The South Korean Flour Millers’ Association (Kofmia) has booked at least 50,000 tonnes of US-origin milling wheat for August 16-September 15 shipment, sources said on Tuesday June 11.
Japan's agriculture ministry has issued an international tender to buy 109,126 tonnes of US, Canadian, and Australian wheat for loading in August-September, an official note published by the ministry showed on Tuesday June 11.
Egypt’s state-backed General Authority of Supply Commodities (GASC) has issued a fresh tender for optional origin milling wheat for August shipment, after wheat futures logged a sharp drop on Monday June 10
US corn and soybean planting advanced at a slower pace compared to last year in the week to Sunday June 9, while spring wheat and barley exceeded the pace of 2023, the USDA’s weekly crop progress report showed on Monday June 10.
Crude palm oil (CPO) futures slipped on Monday June 10, tracking weaker rival oils prices on Friday June 7 and following May production figures that came in above expectations.
Front-month July soybean futures started the week of Monday June 10 in positive territory with support from crude oil and soymeal gains, with market participants adjusting positions ahead of this week’s World Agricultural Supply and Demand Estimates (WASDE) report.