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Sales of Argentine new crop soybeans dropped while sales of corn and wheat spiked in the week to October 2, according to data released by Argentina’s agriculture secretariat on Wednesday October 9.

US corn futures fell on Thursday October 10, with losses capped by increased drought conditions in growing areas, as well as lower production and ending stocks anticipated in the updated USDA World Agricultural Supply and Demand Estimates (WASDE) report 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 soybean CFR China (Brazil) basis assessment for November shipment was assessed...

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Brazil’s soybean crop was once again heading toward a new record, as in previous crop years, despite concerns regarding the lack of rain for sowing to pick up.

The Turkish government has decided to reduce its corn import tax to 5%, but just for a volume of 1 million tonnes, according to an official document seen by Fastmarkets on Thursday October 10.

The Ukrainian corn crop harvest advanced by 12 percentage points to 49% complete in the week ended Thursday October 10, exceeding 10.6 million tonnes, according to data from the country’s Ministry of Agrarian Policy and Food.

US soybean meal exports reached 284,200 tonnes during September 27-30, the final period of the 2023/24 marketing year, bringing accumulated shipments for the year to 13,361,200 tonnes, up by 7% from the prior marketing year, USDA data showed on Thursday October 10.

Ukrainian market participants have partially switched to selling corn on a “delivered at place” (DAP) basis to avoid the additional risks associated with FOB and CIF trades, following the latest Russian missile and drone attacks on infrastructure at the Black Sea port of Odesa, sources told Fastmarkets on Thursday October 10.

US weekly soybean net sales for the 2024/25 crop year reached 1.26 million tonnes in the week to October 3, down by 12.5% from 1.44 million tonnes in the previous week and within market estimates, the US Department of Agriculture reported on Thursday October 10.

US weekly net sales of wheat for the 2024/25 crop year totaled 433,600 tonnes during the week to October 3, down by 2% from the previous week but up by 31% from the prior four-week average, the US Department of Agriculture said on Thursday October 10.

US net sales of corn for the 2024/25 crop year totaled 1.22 million tonnes during the week to October 3, within market estimates, according to data released by the US Department of Agriculture (USDA) on Thursday October 10.

Just 71,900 tonnes of milling wheat was exported from Rouen in the week to October 9, according to data released by French port operator Haropa.

Ukrainian exports of soybeans, rapeseed and sunflower oil decreased in the week from October 3 to October 9, while exports of sunflower meal jumped significantly, official data from the Ukrainian Customs Service showed on Thursday October 10.

Chinese state agencies held an auction for imported soybeans on Thursday October 10, where 149,650 tonnes of soybeans were offered for sale, trade sources have told Fastmarkets.

Brazilian soybean and corn exports are expected to fall year on year in October, while soymeal shipments are forecast to increase, the country’s grain exporters association Anec said in its weekly report on Wednesday October 9.

President Luiz Inacio Lula da Silva passed the much awaited Fuels of the Future law, approved by Congress in September, in an event marked by the signature of letters of commitment to invest around 21 billion Reais ($3.81 billion) in Brazil.

Soybean futures on the Chicago Mercantile Exchange returned to positive territory in a volatile session on Wednesday October 9, breaking a five-session streak of losses as market participants adjusted positions ahead of this week’s World Agricultural Supply and Demand Estimates (WASDE) report, despite pressure from external markets and soybean products.

A meeting between Russia’s Ministry of Agriculture and the country’s grain exporters is expected to be held on Friday October 11 to discuss potential restrictions on exports, sources told Fastmarkets on Wednesday October 9.