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Forecasts in the United States and Canada call for rainfall and cooler temperatures in the week beginning Thursday October 17, with these conditions expected to support the growth of corn, soybean and wheat crops.
US weekly ethanol production increased by 4,000 barrels per day to 1.042 million bpd in the week to Friday October 11, according to data published by the US Energy Information Administration (EIA) on Thursday October 17.
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.
The German 12.5% FOB wheat APM for December loading was assessed up €1 per tonne to a €10 per tonne premium over the December Euronext contract...
The Brazilian Association of Vegetable Oil Industries (Abiove) increased its 2024 estimates for soymeal and soyoil exports to 22.1 million tonnes and 1.3 million tonnes respectively, while also projecting an increase in soybean imports for the year, its monthly report showed on Thursday October 17.
The Ukrainian corn crop harvest advanced by 10 percentage points to 59% complete in the week ended Thursday October 17, exceeding 13.18 million tonnes, according to data from the country’s Ministry of Agrarian Policy and Food.
Weekly exports of Ukrainian sunflower oil doubled in the week ending October 16 compared to the previous reporting week, while exports of other oilseeds and processed products also increased, according to official data from the country’s State Customs Service released on Thursday October 17.
Just 25,716 tonnes of milling wheat was exported from Rouen in the week to Wednesday October 16, according to data released by French port operator Haropa.
Taiwanese feed importer MFIG has issued a buy tender for up to 65,000 tonnes of December-January shipment corn, traders told Fastmarkets on Thursday October 17.
China’s vegoil inventories consisting of soybean oil, rapeseed oil and palm oil totaled 2.06 million tonnes in the week to Friday October 11, according to data from the China National Grain and Oil Information Centre (CNGOIC) on Thursday October 17.
Brazil’s exports of beef tallow are expected to keep growing as long as the domestic market does not consider it a lower carbon intensity (CI) feedstock compared with soyoil, Lucas Cypriano, technical coordinator at the Brazilian Animal Recycling Association (ABRA), said during the BiodieselBR conference on Tuesday October 15 in São Paulo, Brazil.
Soybean planting for the 2024/25 crop in Brazil's Paraná reached 41% of the 5.81-million-hectare projected area in the week to Monday October 14, while summer corn sowing reached 90% of the 257,300-ha projected area, according to state agency Deral’s weekly report released on Tuesday October 15.
Vegoil futures and cash prices rose across Asia and Europe on Wednesday October 16 amid supporting fundamentals, while soyoil futures in Chicago edged down on technical selling.
Soybean futures changed direction and went down on the Chicago Mercantile Exchange on Wednesday October 16, reflecting a US harvest at a faster pace than average, and following a sharp fall in soyoil prices and pressure from external markets.
Confirmation from the European Council that it has signed off on a proposed delay to the European Union’s Deforestation Regulation (EUDR) has brought the first signs of physical palm product trade levels, trade sources have told Fastmarkets on Wednesday October 16.
China’s weekly soybean crush volume was reported at 1.54 million tonnes as of Friday October 11, according to data from the China National Grain and Oil Information Center (CNGOIC).
US and European wheat futures rebounded on Wednesday October 16, ending a three-session downturn, as speculation that Russian exports will dip outweighed an improving weather outlook in the US and Argentina.
Dry bulk freight rates for Panamax vessels in the Atlantic decreased again in the week to Wednesday October 16 with weak grain exports compared to high tonnage and gloomy sentiment weighing on rates.
US corn futures trended higher on Wednesday October 16 amid lower-than-expected crop conditions and flash sales reported to the USDA, reflecting good global buying demand.
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.