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US weekly corn net sales for the 2024/25 crop year totaled 2,766,500 tonnes in the week ended October 31, up by 18% from the previous week and from the prior four-week average, according to data from the US Department of Agriculture released on Thursday November 7.
Ukrainian exports of soybeans and processed sunflower products decreased during the week to November 6, while rapeseed exports increased, data from the Ministry of Agrarian Policy showed on Thursday November 7.
US weekly net sales of wheat for the 2024/25 crop year totaled 374,700 tonnes during the week to October 31, down by 9% from the previous week and by 20% from the prior four-week average, the USDA said on Thursday November 7.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
South Korean feed importer Nonghyup Feed Inc (NOFI) has picked up a corn cargo for February 1, 2025, arrival in a tender that closed on Thursday November 7, while rival Feed Leaders Committee (FLC) booked a feed wheat cargo privately for February 20, 2025, arrival, sources told Fastmarkets.
South Korean feed importer Nonghyup Feed Inc (NOFI) concluded its feed wheat tender on Thursday November 7, purchasing around 63,000 tonnes of the grain, sources told Fastmarkets.
South Korean feed importer Nonghyup Feed Inc (NOFI) has issued buy tenders for around 60,000 tonnes of January-arrival feed wheat and 138,000 tonnes of February-arrival corn, sources told Fastmarkets on Thursday November 7.
Crude palm oil (CPO) futures surged on Wednesday November 6 ahead of a key industry event in anticipation of speakers calling for a tight supply and demand balance outlook, while in Chicago soyoil futures also rose sharply after the results of the US presidential election.
Soybean futures were mostly lower in a volatile session on the Chicago Mercantile Exchange on Wednesday November 6 after Republican candidate Donald Trump won the US presidential election. Prices dropped sharply earlier in the session amid prospects of US trade tariffs and potential renewed tensions with China, but the uptick in soyoil offset the downward pressure.
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for November is projected to slightly trim estimates for both domestic and global 2024/25 crop ending stocks, according to analysts polled by Fastmarkets.
US wheat futures were mixed on Wednesday November 6, with market participants weighing the impact of President-elect Donald Trump’s reelection on commodity markets.
US corn futures moved higher on Wednesday November 6, despite initial weakness earlier in the day, on good global demand and higher weekly corn consumption reported by the USDA, with gains capped by market uncertainty following the US election.
The USDA is expected to reduce its US soybean production and yield estimates for the 2024/25 crop year and cut its forecast for both global and US ending stocks in its World Agricultural Supply and Demand Estimates (WASDE) report to be published on November 8, a Fastmarkets poll of eight traders and analysts showed on Wednesday November 6.
Dry bulk freight rates for Panamax vessels in the Atlantic fell further in the week to Wednesday November 6, as high tonnage availability and slow exports still weighed on rates.
Market participants polled by Fastmarkets ahead of the USDA’s November World Agricultural Supply and Demand Estimates (WASDE) report update on Friday November 8 project that the agency will adjust new crop 2024/25 production figures higher, while revising ending stocks estimates lower.
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Algerian local banks are understood to have begun the process of blocking all payments to French companies for goods supplied to Algeria, traders told Fastmarkets on Wednesday November 6.
US weekly ethanol production increased by 23,000 barrels per day to 1.105 million bpd in the week to November 1, according to data published by the US Energy Information Administration (EIA) on Wednesday November 6.
The German 12.5% FOB wheat APM for December loading was assessed at an €15 per tonne premium over the December Euronext contract...
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...