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Soybean futures were up on the Chicago Mercantile Exchange on Monday November 4, supported by a weaker US Dollar Index, and an increase in crude oil prices, as market participants adjusted positions ahead of the US presidential elections, and due to new US flash sales.
Asian vegoils futures continued to rise on Monday November 4, while soyoil futures tumbled in Chicago after a sharp three-session gaining streak in the second half of the previous week.
US wheat futures were little changed on Monday November 4 as market participants awaited the release of a USDA report on winter wheat crop conditions after an unexpectedly poor reading last week sent prices soaring.
The German 12.5% FOB wheat APM for December loading was assessed at an €11 per tonne premium over the December Euronext contract...
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
Export inspections of US soybeans were down 17.8% to 2.15 million tonnes in the week ended Thursday October 31, from the 2.62 million tonnes recorded a week earlier, within the range of analysts’ expectations, data from the USDA showed on Monday November 4.
Russia increased its weekly wheat exports through Black Sea ports by 27% to reach a total of 1.26 million tonnes in the week ended Friday November 1, up from 991,351 tonnes in the previous week.
Export inspections of US wheat declined by 34% to 193,523 tonnes during the week to Thursday October 31, from 294,657 tonnes in the previous week, according to data from the US Department of Agriculture (USDA) released on Monday November 4.
Export inspections of US corn fell by 7% to 779,078 tonnes in the week to Thursday October 31, down from 1 million tonnes in the previous week, according to USDA data released on Monday November 4.
Chinese state agencies will be holding an auction for imported soybeans on Friday November 8, where around 128,000 tonnes of soybeans will be offered for sale, according to a note published by the National Grain Trade Center (NGTC) on Monday November 4.
South Korean feed importer Major Feedmill Group (MFG) booked a 66,000-tonne corn cargo in a private deal on Friday November 1, sources told Fastmarkets.
The Egypt’s General Authority of Supply Commodities (GASC) has announced an official wheat tender for the first time in three months, after reported attempts to make a private purchase, sources told Fastmarkets.
The Russian government has further increased its grain export taxes for November 7-12, an update from the country’s agriculture ministry showed on Saturday November 2.
Speculators in the US corn market cut short positions, helping send the net short to the highest level since August 2023, while adding shorts in soybean and wheat contracts in the week to Tuesday October 29, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday November 1.
The German 12.5% FOB wheat APM for December loading was assessed at an €11 per tonne premium over the December Euronext contract, with no indications received to disprove the previous assessment. No data was excluded.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
Crude palm oil (CPO) futures surged to a fresh 28-month high on Friday November 1 as trading resumed after the public holiday break in Malaysia on Thursday, fueled by strength in related oils, energy and bullish sentiment over supply and demand fundamentals.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.