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Chinese authorities will offer roughly 1.02 million tonnes of imported soybeans for auction on Thursday June 13, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Wednesday June 5.
Algeria’s state-backed grain importing agency OAIC has purchased at least 840,000 tonnes of optional original wheat for August delivery, paying $279-279.50 per tonne on average, in a tender closed Tuesday June 4, sources told Fastmarkets.
Estimates for Australia’s winter 2024/25 crop output call for a sharp year-on-year increase in output, according to the latest report by state-backed Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
The second corn crop harvest in the Brazilian state of Paraná advanced by 3 percentage points in the week to Monday June 3 to 7% of the sowed area, state agency Deral’s weekly report showed on Tuesday June 4.
Front-month July soybean futures posted more losses on Tuesday June 4 despite Brazil’s crop loss and slow US sowing progress, with pressure from crude oil and products.
Egypt’s state-backed General Authority of Supply Commodities (GASC) has secured 470,000 tonnes of wheat from Ukraine, France, Romania and Bulgaria, after successfully closing a buy tender, trade sources told Fastmarkets on Tuesday June 4.
Crude palm oil (CPO) futures resumed trading on Tuesday June 4 after a national holiday in Malaysia, suffering losses amid pressure from weaker rival oils and energy prices.
US wheat futures declined on Tuesday June 4 after a USDA crop progress report showed robust conditions and Australian data pointed to rising output, while market participants continued to keep an eye on weather conditions in the Black Sea region.
US corn futures were steady or lower for nearby contracts on Tuesday June 4, with the USDA reporting the best initial corn crop ratings since 2021.
Weekly soybean imports into the EU totaled 226,796 tonnes in the week ended Sunday June 2, according to initial data from the European Commission released on Tuesday June 4.
The German 12.5% FOB wheat APM basis assessment for July loading was assessed up by €1 per tonne to an €8 per tonne discount to the September Euronext wheat contract...
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.
China’s soybean planting is progressing faster than in the corresponding period last year due to favorable weather conditions, according to an institution under the country’s Agriculture Department.
Sentiment among US agricultural producers recovered in May, according to Purdue University and CME Group’s Ag Economy Barometer survey released on Tuesday June 4, with the Index of Future Expectations showing the largest improvement.
Russian spring grain planting progressed another 13.6 percentage points to 88% complete in the week to Tuesday June 4, according to agriculture ministry data. The extent of frost damage in the country is still unclear.
The European Union's weekly wheat exports amounted to 218,619 tonnes in the week to June 2, according to initial data from the European Commission released Tuesday June 4.
Soybean crop losses in Brazil’s Rio Grande do Sul amounted to 2.7 million tonnes due to floods in early May, the state agency Emater/RS said in a report released on Tuesday June 4.
The volume of Ukrainian sunflower oil declared for export in May was the highest since November 2020, according to official data; India and Spain were the main buyers in the month, displacing Turkey and Romania.
The soybean CFR China (Brazil) basis assessment for July loading was assessed 4 c/bu higher at a premium of 165 cents per bushel to the July CME soybean futures contract...
Major South Korean feed importer Nonghyup Feed Inch (NOFI) concluded its buy tender for optional-origin corn for October arrival, purchasing two cargoes totaling around 133,000 tonnes from South America or South Africa on Tuesday June 4, trade sources have told Fastmarkets.