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Tunisia's state grain importer has issued an international tender to buy 75,000 tonnes of durum wheat for shipment between November and December, according to a document seen by FastMarkets on Monday.
Speculators in the US corn and soybean markets, as well as in two of three wheat contracts, added short positions in the week to Tuesday October 22, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 25.
Crude palm oil (CPO) futures in Malaysia and soyoil contracts in Chicago dropped amid profit-taking pressures on Friday October 25 but still posted relevant weekly gains due to a bullish global supply and demand prospect for the vegoils complex.
US corn futures moved down on Friday October 25 on profit-taking, following nearly a full week of support in the futures market, with strong global buying interest being observed.
Soybean futures went down on the Chicago Mercantile Exchange on Friday October 25, with market participants adjusting positions from recent highs driven by strong US exports and amid good prospects for weather planting in South America.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The first indications for crude palm oil (CPO) cargoes for loading in 2025 have been heard discussed in the key Rotterdam delivery market, with traders showing increased signs of getting back to work after European deforestation rules were shelved in September.
US and European wheat futures dropped on Friday October 25 on rumors that the recommended consensus price for Russian wheat exports will soon decline.
Russia increased its wheat exports through Black Sea ports by 3% to reach a total of 991,351 tonnes in the week ending Friday October 25, up from 959,027 tonnes in the week to October 18.
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The Turkish governmental statistics agency (Turkstat) has released its second estimate for grains and oilseeds production for 2024/25 marketing year, decreasing grain production compared with last year, but increasing oilseed production, an official document showed on Friday October 25.
Russia’s sunflower oil export duty has risen above zero for the first time in 18 months, while the sunflower meal export duty has reached its highest since April 2024, according to an update from the country’s Agriculture Ministry on Friday October 25.
Soybean sowing reached 3% of the projected area of 6.8 million hectares in Brazil’s Rio Grande do Sul in the week to Thursday October 24, while wheat harvest picked up as producers took advantage of dryer weather between rainy periods, state agency Emater/RS said in a report released late on Thursday.
The Russian government continued to raise the wheat export tax for the October 30-November 5 period, along with increasing the tariff for barley and corn, according to a note published by the country’s agriculture ministry on Friday October 25.
Ukraine’s weekly grain exports fell by 38% week on week to 682,224 tonnes, according to data released by the country’s State Customs Service on Friday October 25.
Iran's state importer SLAL booked some 144,000 tonnes of corn in an international tender awarded on Thursday October 24, market sources have told Fastmarkets.
The French corn harvest advanced by 11 percentage points in the week to Monday October 21, with 25% of the total planted area now harvested, a weekly report from the country’s farm office FranceAgriMer showed on Friday October 25.
Sales of Argentine soybeans increased during the week to October 16, while those of corn decreased, according to data released by Argentina’s agriculture secretariat on Wednesday October 23.
Canada's grain and oilseed exports totaled 877,900 tonnes in the week ended Sunday October 20, a significant decline of 546,900 tonnes, or 38%, from 1.4 million tonnes the week before, according to data from the Canadian Grain Commission released on late Thursday October 24.
Crude palm oil (CPO) futures rallied further on Thursday October 24 to end higher for the fourth straight day, with firm support coming from related vegoils, while further indications of declining October output in Malaysia also fueled bullish sentiment.