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South Korean feed importer Major Feedmills Group (MFG) continued its corn buying spree, picking up one cargo of feed corn via a private deal late on Thursday June 6, sources told Fastmarkets.
Argentina’s soybean harvest is nearing completion following limited rain in the week to Wednesday June 5, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday June 6.
Brazilian soybean and soy product markets stalled on Wednesday June 5, with market participants reassessing margins after the government changed key tax credit rules.
Crude palm oil (CPO) futures rebounded from losses earlier this week on Thursday June 6 due to a combination of bargain buying and stronger related vegoils markets, while wider macroeconomic bullishness also supported market sentiment.
Front-month July soybean futures rebounded on Thursday June 6, with the market evaluating potential effects of new tax rules implemented in Brazil that have paralyzed sales in the country and could lead to higher US exports.
The United Nations' Agricultural Market Information Service (AMIS) has published its first 2024/25 global wheat production estimate and called for output of just under 787 million tonnes — making it the lowest prediction of the big three global forecasters.
US corn futures moved higher on Thursday June 6 on bargain buying following a week of declines, with additional support from increased export interest, including a flash sale announced by the USDA.
US wheat futures were mixed on Thursday June 6, with market participants awaiting fresh weather news from grain-growing regions of southern Russia that have been stricken by dry conditions and a late cold spell.
Dry weather in the US Midwest and Great Plains is expected to continue in the days ahead, favoring fieldwork in the key growing regions.
The soybean CFR China (Brazil) basis assessment for July loading was assessed 3 c/bu higher at a premium of 175 cents per bushel to the July CME soybean futures contract...
Ukraine’s spring grain planting progressed by another 1 percentage point to being 99% complete in the week to Thursday June 6, according to agriculture ministry data.
Tunisia’s state grain importer Office des Cereales (ODC) has issued two fresh tenders looking for 75,000 tonnes of optional-origin feed barley and 50,000 tonnes of milling wheat for June-July shipment, sources told Fastmarkets on Thursday June 6.
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 German 12.5% FOB wheat APM basis assessment for July loading was assessed unchanged at a €5 per tonne discount to the September Euronext wheat contract...
Rouen milling wheat exports were up by 51% over the week to Wednesday June 5, rising to 122,734 tonnes from 80,850 tonnes in the previous week, but they remained below weekly export averages, according to data released by port operator Haropa.
US weekly corn net sales of the 2023/24 crop totaled 1,180,900 tonnes in the week to May 30, up by 46% from the previous week and by 41% from the prior four-week average, according to data from the US Department of Agriculture released on Thursday June 6.
US weekly net sales reductions of wheat for the 2023/24 crop year totaled 229,000 tonnes during the week to May 30, the US Department of Agriculture (USDA) said on Thursday June 6.
US soybean net export sales for the 2023/24 crop year totaled 189,600 tonnes in the week to May 30, down by 43% from the previous week’s 329,400 tonnes, data from the US Department of Agriculture showed on Thursday June 6.
US net export sales of soybean oil and meal landed within market expectations in the week to May 30, with fresh net commitments of 250,200 tonnes of soymeal and 6,000 tonnes of soyoil reported by the USDA on Thursday June 6.
Ukraine’s weekly sunflower oil exports were little changed over the week to Wednesday June 5, while sunflower meal exports fell by more than half, according to official data published on Thursday June 6.