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Fastmarkets’ weekly recap of the main movements in global cash markets...
Crude palm oil (CPO) futures slipped into negative territory on Friday May 24, amid indications of strong production growth for May, with some price support coming from cash market activity and a slightly weaker ringgit.
Front-month soybean futures on the Chicago Mercantile Exchange returned to positive territory on Friday May 24 on the back of soymeal’s surge and crude oil’s gains.
US wheat futures remained supported on Friday May 24 ahead of the US holiday weekend, with market participants continuing to closely monitor cold and dry weather conditions in Russia and Ukraine, as well as high precipitation in parts of the European Union.
US corn futures were higher on Friday May 24 amid tender activity and storms reported in parts of the central and eastern corn belt in the Midwest, which is delaying US planting progress.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications...
With the war in Ukraine ongoing, the government has started to implement measures to bring more people into the army, with a new law implemented from May 18 that all enlisted men are obligated to renew their data in the defense ministry system...
The German 12.5% FOB wheat APM basis assessment for July loading was assessed unchanged at a €9 per tonne discount to the September Euronext wheat contract...
The soybean CFR China (Brazil) basis assessment for July loading was assessed 4 c/bu lower at a premium of 160 cents per bushel to the July CME soybean futures contract...
South Korea’s Feed Leaders Committee (FLC) has jumped on recent corn tender buying to pick up a 65,000 tonne cargo of South American or South African corn privately...
The Russian Ministry of Agriculture has reduced the export duty on sunflower meal, leaving the export duty on sunflower oil at zero for June...
Russia’s wheat exports from Black Sea ports totaled 964,781 tonnes during the week to Friday May 24 and were bound for a diverse line-up of 14 destinations...
The Russian government has reduced the export duty on wheat while keeping the tariff on barley and corn at zero in the week from May 29 to June 4...
The German farmers' association Deutschen Raiffeisenverband (DRV) has updated its crop estimate report for 2024, maintaining an anticipated decline in the total wheat harvest compared with 2023.
South Korean feed importer Nonghyup Feed Inc (NOFI) concluded its buy tender for feed corn on Friday May 24, picking up two cargoes totalling around 137,000 tonnes for arrival in September-October, trade sources have told Fastmarkets.
Grain volumes declared for export out of Ukraine totaled 1.1 million tonnes in the week to Friday May 24, according to data from the country’s State Customs Service.
French soft wheat growing conditions deteriorated slightly in the week to Monday May 20, while planting of the corn crop advanced to 78%, according to a weekly crop report released by...
South Korean feed importer Nonghyup Feed Inc (NOFI) is in the market for optional-origin feed corn, issuing a buy tender for up to 138,000 tonnes of the grain for arrival in September-October, trade sources told Fastmarkets on Friday May 24.
Canada's grain and oilseed exports fell to 742,200 tonnes, or 37%, in the week to Sunday May 19, with a decrease in the flow of all major crops, according to data from the Canadian Grain Commission published late on Friday May 24.