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US soymeal net sales reached 251,400 tonnes for the 2024/25 marketing year in the week to October 10, down by 11% from 284,200 tonnes in the previous week, within market estimates, US Department of Agriculture data showed on Friday October 18. The 2024/25 marketing year kicked off on October 1.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
Wheat harvest has reached 3% of the 1.3-million-hectare projected area in Brazil’s Rio Grande do Sul, advancing slowly amid weather concerns, while soybean sowing remains below 1%, state agency Emater/RS said in a report released on Friday October 17.
US weekly net sales of corn totaled 2,225,700 tonnes for the 2024/25 crop year in the week ended October 10, up by 82% from the previous week and up “noticeably” from the previous four-week average, according to data from the US Department of Agriculture released on Friday October 18.
US weekly net sales of wheat for the 2024/25 crop year totaled 504,100 tonnes during the week to October 10, up by 16% from the previous week and by 57% from the prior four-week average, the US Department of Agriculture said on Friday October 18.
The Russian government continued to raise the wheat export tax for the October 23-29 period, while decreasing the tax for barley and corn, according to a note published by the country’s agriculture ministry on Friday October 18.
US weekly soybean net sales for the 2024/25 crop year reached 1.7 million tonnes in the week to October 10, up by 35% from 1.26 million tonnes the previous week, landing within market estimates, the US Department of Agriculture reported on Thursday October 18.
Malaysia will raise its windfall tax threshold for palm oil and amend the market price structure and crude palm oil (CPO) export duty rate from November 1, the government said as part of its Budget 2025 announcement on Friday October 18.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed
Crude palm oil (CPO) prices are expected to average between 3,500 ringgit ($812) and 4,000 ringgit per tonne in 2025, Malaysia’s Ministry of Finance said in its Economic Outlook Report that was published on Friday October 18.
Taiwanese feed importer MFIG has picked up a 65,000 tonnes of Brazil corn for December-January shipment in a tender closed on Friday October 18, sources told Fastmarkets.
The French corn harvest advanced by seven percentage points in the week to Monday October 14, with 13% of the total planted area now harvested, a weekly report from the country’s farm office FranceAgriMer showed on Friday October 18.
Winter crops revised back up in Western Australia (WA) due to rainfall which slightly helped the crops, according to the October edition of Grain Industry of Western Australia (GIWA) report released on Friday October 18.
China imported 310,000 tonnes of corn in September, a further drop from August’s 428,467 tonnes and the lowest since March 2020 when imports were around 318,000 tonnes, figures from the country’s General Administration of Customs (GACC) showed on Friday October 18.
Canada’s grain and oilseed exports rose to 1.4 million tonnes in the week ended Sunday October 13, up by 333,800 tonnes, or 31%, with gains in canola and wheat flows, according to data from the Canadian Grain Commission released on Friday October 18.
Sales of Argentine soybeans were mixed across marketing years, while corn and wheat sales stepped back in the week to October 9, according to data released by Argentina’s agriculture secretariat on Wednesday October 16.
Corn and sunflower sowing and wheat crop conditions improved in the week to October 16 amid significant rain reported in the past few days, the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 17 showed.
Vegoils futures in Asia fell on Thursday October 17 partly because of profit-taking, while technical buying supported soyoil futures in Chicago.
Soybean futures were mixed on the Chicago Mercantile Exchange on Thursday October 17, with bullish derived products despite still being under pressure from improved weather conditions for planting in Brazil and external markets.
US and European wheat futures advanced on Thursday October 17 amid concern about dry weather conditions as winter wheat planting progresses in both the US and the Black Sea region.