Latest News
Soybean futures prices went up on the Chicago Mercantile Exchange on Wednesday October 30, supported by a climb in soyoil prices, some bargain-buying and US flash sales, despite South American weather forecasts.
Brazil’s soybean crop in 2024/25 is forecast at a record 167 million tonnes, up by 9% year on year, as the sowing delay should not compromise crop development and rain should allow for it to pick up, while corn output is expected to increase by 3 million tonnes to 125 million tonnes, Rabobank said in a report on Wednesday October 30.
US wheat futures advanced for a second consecutive day on Wednesday October 30, on concerns about winter wheat crop conditions due to dry weather in much of the Great Plains, a decline of the US dollar and the growing competitiveness of the country’s grain exports on the global market.
US corn futures declined on Wednesday October 30, with losses limited by good global demand.
Dry bulk freight rates for Panamax vessels in the Atlantic fell further to new annual lows in the week to Wednesday October 30, as high tonnage availability and weak demand continued to hit the Atlantic freight market, sources told Fastmarkets.
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.
China’s combined stocks of soybean oil, rapeseed oil and palm oil in the week to Friday October 25 were down by 50,000 tonnes to 1.99 million tonnes from the previous week’s 2.04 million tonnes, according to data from the China National Grain and Oils Information Center (CNGOIC) on Wednesday October 30.
Agricultural commodities giant Bunge Ltd reported its third-quarter financial results on Wednesday October 30, reflecting lower earnings year over year in the context of a tight global margin environment.
US weekly ethanol production increased by 1,000 barrels per day to 1.082 million bpd in the week to Friday October 25, according to data published by the US Energy Information Administration (EIA) on Wednesday October 30.
South Korean feed importer Major Feedmill Group (MFG) has purchased around 134,000 tonnes of animal feed corn for shipment in November-December in private deals done on Wednesday October 30, trade sources told Fastmarkets.
Freight rates for vessels carrying palm oil cargoes within Asia were broadly stable in the week to Wednesday October 30, though inquiries for November vessels have remained thin, sources have told Fastmarkets.
South Korean feed importer Nonghyup Feed Inc (NOFI) purchased its third corn cargo from trading house Pan Ocean in part of its tender which concluded on Tuesday October 29, sources told Fastmarkets on Wednesday October 30.
Chinese crushers crushed 2.1 million tonnes of soybeans in the week to Friday October 25, according to figures from the China National Grain and Oils Information Center (CNGOIC).
Brazil’s 2024/25 soybean sowing advanced to 37% of the projected area of 47.4 million hectares from 17.6% in the previous week, but it was behind the 40% completion rate from a year earlier, the country’s food agency Conab said late on Monday October 28.
The USDA’s local attaché in Ukraine cut its estimate for the country’s corn output in the 2024/25 marketing year because of lower yields while slightly trimming the wheat production projection and increasing the barley production forecast.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
The German 12.5% FOB wheat APM for December loading was assessed at an €11 per tonne premium over the December Euronext contract...
Brazilian corn exports amounted to 5.3 million tonnes in the first four weeks of October, ended on Friday October 25, while soybean shipments totaled 3.9 million tonnes in the same period, customs data showed on Tuesday October 29.