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The USDA’s monthly supply and demand update will include the first 2024/25 new crop projections of the year, and analysts polled by Fastmarkets...
Global and US soybean ending stocks are expected to bounce back considerably in the 2024/25 marketing year, underpinned by higher production in the US and Brazil, a Fastmarkets poll with seven traders and analysts showed on Wednesday May 8.
The Russian government has further reduced the export tax on wheat for the week of May 15-21, while setting the tax on corn and barley at zero...
No purchases were made in China’s latest auction for imported soybeans, which concluded Wednesday May 8, trade sources told Fastmarkets.
Freight rates for vessels carrying palm oil from Southeast Asia to key destinations in the region increased in the week to Wednesday May 8 from the previous week, driven by healthy demand for palm and limited tonnage.
Taiwanese feed production group MFIG concluded its buy tender for optional-origin corn on Wednesday May 8, purchasing around 65,000 tonnes of the grain from trading house Pan Ocean, market sources told Fastmarkets.
The Argentine Oilseed Crushers Union (SOEA) announced late on Tuesday May 7 that the syndicate will call their workers to join a general strike in the country, with the joining of the SOEA scheduled for Thursday May 9, according to a note published by the union.
China’s soybean crush level in the week ended Friday May 3 totaled 1.72 million tonnes, 200,000 tonnes lower from the week prior, figures from the China National Grain and Oil Information Centre (CNGOIC) showed.
Brazil’s soybean harvest advanced by 3.8 percentage points in the week to Sunday May 5th, reaching 94.3% of the 45.2 million hectare projected area, the country’s food agency Conab said late on Monday May 6.
The railroad access to Rio Grande Port, in Brazil’s Rio Grande do Sul, was partially interrupted due to heavy rainfall and flooding affecting the southern state over the past few days...
Second corn crop conditions kept worsening in the Brazilian state of Paraná, while wheat sowing was halted in northern areas due to an ongoing drought, data from state agency Deral showed on Tuesday May 7.
Egypt’s General Authority for Supply Commodities (GASC) is expected to issue a tender to buy wheat on Wednesday May 8, looking for two June shipment windows, trade sources told Fastmarkets late on Tuesday May 7.
Soybean front-month futures on the Chicago Mercantile Exchange (CME) were mostly steady on Tuesday May 7 amid technical pressure, while new crop futures contract rose on slower than expected US planting progress.
Malaysian crude palm oil (CPO) futures rose on Tuesday May 7, tracking similar movements in other vegetable oil futures.
US and European wheat futures retreated from the highest levels of the year on Tuesday May 7, with prices coming against key resistance levels and conditions in US winter wheat growing areas improving.
US corn futures moved lower on Tuesday May 7 due to profit taking, with losses capped by US planting delays.
Second corn crop, safrinha, production estimates at Brazil’s largest agricultural-producing state Mato Grosso were upgraded in May due to favorable yield prospects, the state’s agriculture institute IMEA said in its weekly bulletin late on Monday May 6.
The German 12.5% FOB wheat APM basis assessment for June loading was assessed unchanged at a €4.50 per tonne discount to the September Euronext wheat contract...
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Sentiment among US agricultural producers tumbled in April, with monitors of both longer-term and short-term conditions sharply lower, CME Group and Purdue University’s Ag Economy Barometer survey showed Tuesday May 7.