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The Fishing and Maritime Cabotage Skippers’ and Officials’ Center (Centro de Patrones y Oficiales Fluviales de Pesca y de Cabotaje Marítimo) in Argentina has announced that it will join the transport stoppages in the country on Wednesday October 30, interrupting the loading of cargoes at ports.
The US Department of Agriculture’s (USDA) attaché in Argentina left his forecast of the country’s wheat and barley production in 2024/25 unchanged while cutting its corn output estimate, with wheat export projections boosted while exports of the other two grains were cut.
Soybean futures went down on the Chicago Mercantile Exchange on Monday October 28, pressured by soyoil amid a sharp decline in crude oil and driven by ample supply and fast progress of the US soybean harvest. Market participants also monitored uncertainty over the US election.
Soyoil futures in Chicago fell sharply on Monday October 28, borrowing weakness from plunging crude prices, and erased the bulk of gains accumulated over the previous week while crude palm oil (CPO) prices in Malaysia moved narrowly and Chinese vegoils futures edged lower.
US wheat futures dropped on Monday October 28 as market participants focused on forecasts for much-needed rain in parts of the Great Plains in the upcoming week, where farmers are planting the winter wheat crop.
US corn futures moved down on Monday October 28 on an advancing US harvest, with losses limited by strong global demand.
Forecasts for corn, sunflower and soybean yields in the EU have all been cut after a rainy start to autumn, according to the latest EU Monitoring Agricultural Resources (MARS) report.
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...
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 6% to 2.39 million tonnes in the week ended Thursday October 24, from the 2.55 million tonnes recorded a week earlier, data from the USDA showed on Monday October 28.
Ukraine's winter sowing campaign is at the finish line and has advanced on 351,400 hectares in all regions of the country as of Monday October 28, according to data from the country's agriculture ministry.
Egypt’s Supply Ministry has postponed the delivery of 430,000 tonnes of Russian milling wheat, announced in mid-September for November arrival, local media and Reuters news agency reported on Monday October 28.
Export inspections of US corn were down by 18% to 823,664 tonnes during the week to Thursday October 24, from 1 million tonnes in the previous week, according to USDA data released on Monday October 28.
Export inspections of US wheat declined by 7.4% to 248,534 tonnes during the week to Thursday October 24, from 268,475 tonnes in the previous week, according to USDA data released on Monday October 28.
Russian farmers have harvested nearly 87 million tonnes of wheat, completing the harvest of more than 98% of the planted area as of October 25, according to data seen by Fastmarkets on Monday October 28.
Argentina's wheat exports are expected to reach 13.3 million tonnes in 2024/25, up by 73% from 7.7 million tonnes in 2023/24, and could be the second highest in history, the Rosario Grain Exchange (BCR) said late on Friday October 25.
Chinese state agencies will be holding an auction for imported soybeans on Wednesday October 30, win which around 110,000 tonnes of soybeans will be offered for sale, according to a note released by the National Grain Trade Center (NGTC) on Monday October 28.