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Managed money investors in the US corn and soybean markets slashed shorts while adding longs in the week ended Tuesday May 7, sending the net shorts to multi-month lows...
Chicago soyoil futures surged on Friday May 10 amid rumors around a potential increase in US import tariffs on used cooking oil (UCO).
US and European wheat futures surged to their highest level since July on Thursday May 9, with market participants expressing concern that cold weather may slash Russian output, while shrugging off the USDA’s World Agricultural Supply and Demand Estimates (WASDE) that projected record output.
Soybean front-month July futures on the Chicago Mercantile Exchange (CME) rebounded on Friday May 10 with support from soybean oil and despite estimates of ample offer and ending stocks for the 2024/25 crop in the latest World Agricultural Supply and Demand Estimates (WASDE) report.
US corn futures bounced back on Friday May 10 on spilled-over strength from the wheat market, with gains limited by bearish domestic new crop projections released by the USDA.
The USDA projected that US wheat production, ending stocks, exports and demand will climb in the 2024/25 marketing year, while global output is expected to climb to a record high and stocks are expected to decline.
In the USDA’s first estimate for the 2024/25 crop year, it projected higher global production, crush, exports and ending stocks compared with 2023/24...
The USDA projects greater domestic corn supply, usage, exports and ending stocks, according to the agency's May update to its World Agricultural Supply and Demand Estimates (WASDE) report...
Soyoil and soymeal futures on the Chicago Mercantile Exchange (CME) lacked a clear direction immediately after the USDA released its...
The German 12.5% FOB wheat APM basis assessment for June loading was assessed down €1 per tonne to a €7 per tonne discount to the September Euronext wheat contract...
The soybean CFR China (Brazil) basis assessment for June loading was assessed 1 cent per bushel higher at a premium of 140 cents per bushel to the July CME soybean futures contract...
The drop in temperatures and a break from the rain should allow early soybean harvest to end next week in Argentina’s core agricultural area (zona nucleo)...
Fastmarkets’ weekly recap of the main movements in global cash markets.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications...
South Korean buyer Major Feedmills Group (MFG) has bought around 132,000 tonnes of South American corn in a private deal closed on Friday May 10...
European wheat futures continued on a strong run on Friday May 10 and soared during intra-day trading to highs not reached since July 2023.
Brazilian vegoils industry association Abiove has raised its 2023/24 soybean production estimate to 153.9 million tonnes, from 153.8 million tonnes previously...
Milling wheat exports from the French port of Rouen totaled 89,440 tonnes in the week to Wednesday May 8, up by 41% week on week, according to data released by port operator Haropa.
China’s agriculture outlook committee (CAOC) has lowered its forecast for the country’s soybean imports and consumption in 2023/24, while maintaining its production outlook...
Australian wheat and barley exports rose in March on increased volumes to China, while rapeseed exports declined, data from the Australian Bureau of Statistics shows...