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The USDA reduced its estimates for US wheat stocks and production for the 2024/25 marketing year, while slightly increasing its expectations for global ending stocks as lower demand and higher beginning stocks forecasts outweighed an output decline.
Corn production for 2024/25 was forecast to be 17.0 million bushels higher than last month's estimate, at 15.2 billion bu (386.18 million tonnes), with 183.8 bu per acre estimated, according to the USDA's October World Agricultural Supply and Demand Estimates (WASDE) report update released on Friday October 11.
Russia’s wheat export volumes from Black Sea ports totaled 1.1 million tonnes in the week ended Friday October 11, unchanged week on week.
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US and global balance sheets remained mostly unchanged for soybean and downstream soy products in the USDA’s World Agricultural Supply and Demand Estimates (WASDE) monthly update released on Friday October 11, but futures across the complex fell after the release.
India’s edible vegetable oil imports fell to 1.064 million tonnes in September, its lowest since February, according to figures from industry group Solvent Extractors Association of India (SEA) on Friday October 11.
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract...
The Russian government has significantly increased its wheat export tax for the October 16-22 period, according to a note published by the country’s agriculture ministry on Friday October 11.
The soybean CFR China (Brazil) basis assessment for November shipment was assessed...
Ukraine’s grain export volumes fell to 695,000 tonnes during the week to October 10, down by 290,000 tonnes, or 29%, from 985,000 tonnes the previous week, according to data released by the country’s State Customs Service on Friday October 11.
Soybean sowing has started in the Brazilian state of Rio Grande do Sul, while wheat harvest is in its early stages but is delayed in comparison to the same period last year, state agency Emater/RS said in a report released on Thursday October 10.
South Korean feed importers Nonghyup Feed Inc (NOFI) and Major Feedmill Group (MFG) have purchased around 120,000 tonnes of soybean meal via tenders concluded on Friday October 11, trade sources told Fastmarkets.
The Chinese agriculture outlook committee (CAOC) has maintained its estimates and forecasts for the supply and demand of key agricultural commodities for 2023/24 and 2024/25 in its latest China Agricultural Supply and Demand Estimates (CASDE) update released on Friday October 11.
The French corn harvest advanced by four percentage points in the week to October 7, with 6% of the total planted area now harvested, a weekly report from the country’s farm office FranceAgriMer showed on Friday October 11.
Canada’s grain and oilseed exports rose by 34%, or 276,900 tonnes, in the week ended Sunday October 6, to total 1.1 million tonnes, with gains in canola, soybean, and wheat flows, according to data from the Canadian Grain Commission released on Friday October 11.
Crude palm oil (CPO) futures dropped slightly on Thursday October 10 amid opposing pressure from higher stocks and good export prospects, while soyoil futures in Chicago spiked supported by surging crude oil prices.
Corn sowing reached 18.6% of the projected sown area of 6.3 million hectares in Argentina, a 4.8 percentage points weekly advance, with rain bringing relief to dry areas in the center of the country, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 10.
Persistent warmth and dryness in the US Midwest and Great Plains will exacerbate drought conditions during the week beginning Thursday October 10, while frost risks in the Canadian Prairies could affect late-maturing grains.
Soybean futures fell on the Chicago Mercantile Exchange on Thursday October 10, with market participants positioning ahead of US Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report while they monitored the arrival of rainfall in Brazil’s productive areas.
US and European wheat futures advanced on Thursday October 10 as market participants took positions before the US Department of Agriculture’s influential World Agricultural Supply and Demand Estimates (WASDE) report, which is expected to lower forecasts for global and domestic ending stocks.