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Following Claudia Sheinbaum Pardo's inauguration as President of Mexico, a group of 21 US representatives have written a letter to the US Trade Representative (USTR) and the USDA, urging them to engage with the incoming Mexican administration regarding its ongoing ban on genetically modified (GM) corn.
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.
Sunflower crusher prices in Ukraine have jumped 9% since the start of the 2024/25 season, as the harvest campaign progresses and sunflower crop estimates are constantly revised downward, which is intensifying competition, while rising sunflower oil prices are providing additional support to raw material prices.
Thai private buyer Betagro has reportedly booked at least two Panamax cargoes of feed wheat for October shipment in its tender closed Tuesday October 1, trade sources told Fastmarkets.
Freight rates for vessels carrying palm oil cargoes within Asia were rangebound in the week to Wednesday October 2 amid still weak demand from charterers and abundant tonnages.
Brazil’s soybean sowing in the 2024/25 marketing year has reached 2.4% of the projected area of 47.4 million hectares, the country’s food agency Conab said.
US processors crushed 168 million bushels of soybeans in August, down by 13% from 193 million bu in July and by 0.6% from 169 million bu in August 2023, the USDA’s Monthly Fats and Oils report showed on Tuesday October 1.
A Bulgaria-based agricultural analytics company has warned that Bulgaria and Romania, the biggest grains producers in the EU’s Black Sea region, will show significant reductions in corn and sunflower production in 2024 after prolonged hot, dry weather.
Corn consumed for alcohol and other uses in the US totaled 525 million bushels (13.33 million tonnes) in August 2024, down by 2% from the previous month but up 7% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Tuesday October 1.
Crude palm oil (CPO) futures in Malaysia rose slightly and soyoil futures in Chicago increased more steeply, borrowing strength from surging crude prices on Tuesday October 1.
Soybean futures were up on the Chicago Mercantile Exchange on Tuesday October 1, driven by fresh US net sales and a sharp climb in crude oil prices amid geopolitical tensions and despite a faster-than-expected US harvest.
US corn futures trended higher on Tuesday October 1 on lower-than-expected crop ratings, the announcement of a flash sale and spilled over double-digit strength in the wheat market.
Brazil’s soybean exports totaled 5.5 million tonnes in September 2024, steady compared with the corresponding month last year, while corn exports dropped by 29.2% year on year, Brazilian grain exporters’ association Anec said in its weekly report on Tuesday October 1.
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract...
Weekly soybean imports into the EU totaled 114,849 tonnes in the week to Sunday September 29, according to initial data from the European Commission released on Tuesday October 1.
European Union weekly wheat exports totaled 165,745 tonnes in the week to September 29, according to initial data from the European Commission on Tuesday October 1.
US grain markets have shrugged off the first strike by longshoremen in the country since 1977, which has affected operations at 36 ports along the US East and Gulf Coasts on Tuesday October 1.
Sentiment among US agricultural producers declined in September to the weakest barometer reading since March 2016, on producers’ concerns about high input costs combined with weak output prices, according to Purdue University and CME Group’s Ag Economy Barometer survey released on Tuesday October 1.
Thai private buyer Betagro is in the market for around 180,000 tonnes of animal feed wheat via a buy tender issued on Tuesday October 1, trade sources told Fastmarkets.