Latest News
Russian wheat exports through Black Sea ports recovered after a two-week decline, with support from Egyptian and Algerian tender coverage, a Fastmarkets analysis showed on Friday October 4.
The pace of Ukraine’s weekly grain exports was up by 28% week on week and amounted to 985,000 tonnes declared, according to data released by the country’s State Customs Service on Friday October 4.
Canada's grain and oilseed exports declined by 171,100 tonnes, or 17%, in the week ended Sunday September 29, totaling 814,100 tonnes, with canola exports by dropping 62%, according to data from the Canadian Grain Commission released late on Thursday October 3.
Sunflower processing in Ukraine in September this year, the first month of the 2024/25 season, was estimated to be almost at the level of September 2023, trade sources told Fastmarkets on Friday October 4.
Australian wheat export volumes went down in August after an increase in July, while barley exports were steady, with continued flow into China, according to monthly data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) published on Friday October 4.
The Turkish government has decided to allow a restart of wheat imports from October 15 after a ban lasting almost four months, but has set specific conditions that might keep import volumes at zero, trade sources told Fastmarkets on Friday October 4.
The United Nations’ Food and Agriculture Organization (FAO) Food Price Index rose by 3 points from its revised August figures to 124.4 points in September, due to price increases across all commodities in the index, the FAO said on Friday October 4.
French corn conditions were stable in the week to September 30, but the pace of harvest was well behind recent years, according to farm agency FranceAgriMer’s weekly report released on Friday October 4.
India is targeting to boost its domestic edible oil production to 25.45 million tonnes by 2030/31, following the approval of the National Mission on Edible Oils and Oilseeds (NMEO-Oilseeds), the government said in a statement issued in the late evening on Thursday October 3.
Sales of Argentine soybeans and wheat were mixed across marketing years in the week to September 25, while corn sales dropped in both the old and new crops, according to data released by Argentina’s agriculture secretariat on Wednesday October 2.
Corn sowing advanced by 3.2 percentage points to 13.7% of the projected sown area of 6.3 million hectares in the week to Wednesday October 2, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 3.
Soybean futures on the Chicago Mercantile Exchange were broadly flat on Thursday October 3, with a surge in crude oil and soyoil prices offset by expected rain over Brazil’s main productive areas as well as geopolitical tensions.
Soyoil futures in Chicago climbed further on Thursday October 3 supported by a continued surge in crude oil prices, while crude palm oil (CPO) futures in Malaysia edged marginally lower.
A prolonged dry spell is expected in the Black Sea region during the week beginning Thursday October 3, potentially affecting the harvest of late crops such as sunflower and corn.
US and European wheat futures retreated from multi-month highs on Thursday October 3 as a failure to hold gains spurred technical selling.
US corn futures fell on Thursday October 3 on profit taking following support received earlier in the week and advancing harvest pressure.
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract...
Ukrainian farmers have threshed 7.6 million tonnes of corn, gathered from 1.48 million hectares in the week to Thursday October 3, according to data from the country’s Ministry of Agrarian Policy and Food released on the day.
The end of the year will be tricky regarding origination for Brazilian crushing industries, and annual stoppages may take longer than usual due to a lack of soybeans, sources said.
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.