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Just 7,500 tonnes of milling wheat were exported from Rouen in the week to Wednesday October 2, according to data released by French port operator Haropa.
Fastmarkets is inviting feedback from the industry on the pricing methodology for several vegetable oils and meals prices as part of its announced annual methodology review process.
.Weekly US soybean oil and meal exports for the 2023/24 marketing year were down in the week to September 26, figures published by the US Department of Agriculture on Thursday October 3 showed.
Weekly rapeseed exports from Ukraine jumped by 95.5% from September 26 to October 2, with sunflower meal and soybeans also showing growth, while weekly sunflower oil exports fell, official data from the Ukrainian Customs Service showed on Thursday October 3.
US weekly soybean net export sales for the 2024/25 crop year were down by 8% to 1.44 million tonnes in the week to September 26, from 1.57 million tonnes in the previous week and within market estimates, the US Department of Agriculture (USDA) reported on Thursday October 3.
US net sales of corn for the 2024/25 crop year totaled 1.68 million tonnes during the week to September 26, above market expectations, according to data released by the USDA on Thursday October 3.
US weekly net sales of wheat for the 2024/25 crop year totaled 443,700 tonnes during the week to September 26, up “noticeably” from the previous week and by 46% from the prior four-week average, the US Department of Agriculture said on Thursday October 3.
The premium of crude palm oil (CPO) to soyoil on a CFR India basis has jumped by $10 per tonne (25%) to $50 per tonne as of Wednesday October 2 from a month ago, after the rise in CPO prices outpaced that for soyoil.
Saudi Arabia state grain importer, the General Food Security Authority (GFSA), has returned to the market looking for 295,000 tonnes of milling wheat for December-January arrival in its fourth tender of 2024, according to a note published on Thursday October 3.
Short-term demand for soymeal might soften in the main origins, market sources said after the European Commission proposed delaying the implementation of the EU Deforestation Regulation (EUDR) to December 30, 2025, for large companies and to June 30, 2026, for micro and small enterprises.
Vegoils futures and cash prices rose across most markets on Wednesday October 2, with higher crude prices providing support earlier in the day while soyoil prices in Chicago caught a bid on product-spreading dynamics as soymeal futures fell steeply.
Soybean futures on the Chicago Mercantile Exchange were slightly down on Wednesday October 2, driven by a sharp drop in soymeal prices after the EU anti-deforestation law was delayed, along with a forecast for rain in Brazil that could allow soybean sowing to pick up.
Market sources in the European delivered palm oil market have reacted cautiously to the news that the EU has backed down on proposed timelines to implement more stringent requirements on deforestation, Fastmarkets heard on Wednesday October 2.
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract...
US corn futures remain supported on Wednesday October 2 on strength in the wheat market and raised concerns regarding Mexico's ongoing GMO dispute.
US and European wheat futures climbed to multi-month highs on Wednesday October 2 on increased concern about drought conditions in Russia and tension in the Black Sea region.
Dry bulk freight rates for Panamax vessels in the Atlantic fell in the week to Wednesday October 2, with weaker exports in both the North and South Atlantic weighing on rates, sources told Fastmarkets.
The Russian Union of Grain Exporters (RUSGRAIN Union) is considering approaching the Agriculture Ministry with a proposal to change the procedure for grain export quota distribution for the second half of the marketing year, the union said in a note on its official telegram channel on Wednesday October 2.
Euronext's commitment of traders report in the week to Wednesday October 2 showed a reduction in the net short position of wheat futures after investors added to their existing long positions.
US weekly ethanol production increased by 21,000 barrels per day to 1.015 million bpd in the week ended Friday September 27, according to data published by the US Energy Information Administration (EIA) on Wednesday October 2.