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Scattered showers in the US Midwest will support late-stage corn and soybean crops, while drought persists in parts of the Plains.
Soybean futures went up for the fourth straight session on the Chicago Mercantile Exchange on Thursday October 24, supported by US fresh net sales and a weaker dollar, which offset the negative pressure from crude oil and South American weather.
US corn futures trended higher on Thursday October 24 amid good global demand, reflected in ongoing flash sales this week and an impressive weekly corn net sales figure that surpassed analysts’ expectations.
US wheat futures were mixed on Thursday October 24, with market participants weighing robust exports and concerns about dry conditions as farmers plant winter wheat on the Great Plains.
The German 12.5% FOB wheat APM for December loading was assessed at a €10 per tonne premium over the December Euronext contract...
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
The USDA attaché in Australia reduced its forecast of the country’s wheat and barley production in 2024/25 because of inclement weather, although output will remain above the previous marketing year.
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The Ukrainian corn crop harvest advanced by 8 percentage points to 67% of the total planned area in the week ended Thursday October 24, with 15.4 million tonnes brought in from the fields, according to data from the country’s Ministry of Agrarian Policy and Food.
The USDA attaché in Brazil increased its estimate for the country's 2024/25 soybean crop by 1 million tonnes to 161 million tonnes and projected record soybean exports next year at 102 million tonnes, a report showed late on Wednesday October 23.
Just 11,400 tonnes of milling wheat was exported from Rouen in the week to Wednesday October 23, according to data released by French port operator Haropa.
Ukrainian exports of oilseeds and processed sunflower products fell in the week from October 16 to 23, official data from the ?ustoms Statistics Service showed on Thursday October 24.
In the week to October 17, US soymeal net sales for the 2024/25 marketing year were down to 159,900 tonnes, dropping by more than 36% from 251,400 tonnes in the week to October 10, data released on Thursday October 24 by the US Department of Agriculture showed.
China’s stocks of soybean oil, rapeseed oil and palm oil were recorded at 2.04 million tonnes in the week to Friday October 18, down from 2.06 million tonnes the previous week, according to data from the China National Grain and Oils Information Center (CNGOIC) on Thursday October 24.
US weekly soybean net sales for the 2024/25 crop year totaled 2.1 million tonnes in the week to October 17, up by 26% from 1.7 million tonnes the previous week and landing within market estimates, the US Department of Agriculture reported on Thursday October 24.
US weekly corn net sales totaled 3,602,600 tonnes for the 2024/25 crop year in the week ended October 17, up by 62% from the previous week, according to data from the US Department of Agriculture released on Thursday October 24.
US weekly net sales of wheat for the 2024/25 crop year totaled 532,900 tonnes during the week to October 17, up by 6% from the previous week and by 38% from the prior four-week average, the US Department of Agriculture said on Thursday October 24.
Crude palm oil (CPO) futures surged to a 27-month high on Wednesday October 23, spurred by firmly bullish sentiment and supportive fundamentals, while gains in related oils also provided positive momentum.
Soybean futures went up for the third consecutive day on Wednesday October 23, in a volatile session on the Chicago Mercantile Exchange, supported by a new round of US exports showing increased demand, which offset negative pressure from weaker crude oil and a stronger dollar.
US corn futures moved higher on Wednesday October 23 on ongoing reported flash sales and increased weekly consumption.