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The soybean CFR China (Brazil) basis assessment for June loading was assessed 2 cents per...
Total stocks of major grains like wheat, corn, and soybeans in Canada were down compared with the same period in 2023, while canola and barley increased in the year to March 31, according to data released by the Canadian Grain Commission on on Tuesday May 7.
The Russian government has cut its existing grain export quotas for a number of exporters, including the second largest exporter trading house Rif, according to an official document from the agriculture ministry released on Monday May 6.
Egypt's state-backed import agency, the General Authority for the Supply of Commodities (GASC), has resumed purchasing vegetable oils after more than a month's break and has launched an international tender for the purchase of soybean and sunflower oil, Egyptian sources have told Fastmarkets.
Japan's agriculture ministry has issued an international tender to buy 114,077 tonnes of US, Canadian and Australian wheat for loading in July-August, an according to an official note published by the ministry on Tuesday, May 7.
US corn and soybean planting advanced at a slower rate than expected in the week to Sunday April 5, trailing prior year levels, the USDA’s weekly crop progress report showed on Monday May 6.
Soybean sales in the domestic market in Argentina totaled 13.6 million tonnes on April 24, 27% of the 50 million tonne projected production for 2023/24, while the average for the first month of the crop year was 34% in the past five years, the Rosario Grain Exchange (BCR) said in a report late on Friday May 3.
Chicago futures surged across the soybean complex on Monday May 6, with beans and meal leading the movement while uncertainties related to strikes in Argentina and weather-related concerns in South America prompted funds to buy.
Soybean futures on the Chicago Mercantile Exchange (CME) surged on Monday May 6 to the highest level since January on funds buying reflecting concerns over strikes in Argentina and floods in Brazil’s state of Rio Grande do Sul.
US and European wheat futures climbed on Monday May 6 to the highest levels since December, due to forecasts for cold and dry weather in major growing areas in Russia, which threaten to reduce the upcoming harvest in the world’s biggest exporting country.
The nearby May corn futures contract declined on Monday May 6 on good planting progress projections and lower weekly inspections, but overall the rest of corn futures held on to gains as weather concerns remain for South America.
The USDA’s attaché in Kazakhstan expects that the country’s wheat production will climb 3.69 million tonnes to 15.8 million tonnes in the 2024/25 marketing year with higher spring moisture supporting crop growth through the summer.
The soybean CFR China (Brazil) basis assessment for June loading was assessed 2 cents per bushel higher at a 142 cents per bushel...
Export inspections of US wheat declined by 36.1% to 321,124 tonnes during the week to May 2 from 502,769 tonnes the previous week, according to data from the USDA released on Monday May 6.
Export inspections of US soybeans were up 26% to 348,654 tonnes in the week ended Thursday May 2, from the 276,092 tonnes recorded a week earlier, data from the USDA showed on Monday May 6.
Weekly export inspections of US corn were down by 1% to 1.28 million tonnes in the week to May 2 from 1.3 million tonnes recorded in the previous week, data from the USDA showed on Monday May 6.
Managed money investors in the US agricultural sector slashed short positions in corn and wheat contracts in the week to Tuesday April 30, helping slash the net short in the markets to multi-month lows, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday May 3.
The late corn harvest is expected to begin in mid-May, two months earlier than usual, in Argentina due to leafhopper-related diseases. As soon as the early corn harvest is completed, the late corn harvest will follow immediately, the Rosario Grains Exchange (BCR) said late on Thursday May 2.
Crude palm oil (CPO) futures slipped marginally on Friday May 3, with the downward pressure from weaker related oils being capped by expectations of lower inventories.
US wheat futures advanced to the highest levels since December on Friday May 3 amid concerns that global supplies will tighten, with dry weather in southern Russia threatening to reduce crop yields.