Latest News
Estimates of grain output in Western Australia, the key exporting state in the country, have continued to improve, but the quality was expected to be mixed, the Grain Industry of Western Australia (GIWA) said in its monthly report, published on Friday November 22.
Russia’s weekly wheat exports from Black Sea ports more than doubled to 1.1 million tonnes in the week ended Thursday November 21, from 429,271 tonnes a week earlier, data from Fastmarkets’ research team showed on Friday November 22.
The Russian government continued to increase its export tax on wheat, as well as increasing the corn tax for the period of November 27 to December 3, but lowered its rates for barley, according to an update from the country’s agriculture ministry on Friday November 22.
EU oilseed crushing volumes rose by an average of 11% month on month in October, but remain below the record high of 3.5 million tonnes set in March, according to data released by the EU vegetable oil and protein meal association, FEDIOL, on Friday, November 22.
The French corn harvest advanced by 11 percentage points during the week to Monday November 18, with 82% of the total planted area now harvested, according to the latest weekly report from the country’s farm office, FranceAgriMer, released on Friday November 22.
Ukraine exported 927,000 tonnes of grains during the week to Thursday November 21, down by 22,000 tonnes, or 2%, from 949,000 tonnes the previous week, according to data released by the country’s State Customs Service on Friday November 22.
Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Vegoils futures and cash prices dropped across markets and regions on Thursday November 21.
Canada’s grain and oilseed exports totaled 1.17 million tonnes during the week to Sunday November 17, a decrease of 366,400 tonnes, or 24%, from 1.54 million tonnes the previous week, according to data from the Canadian Grain Commission published late on Thursday November 21.
The Americas will experience a mix of conditions in the week beginning Thursday November 21, with favorable weather in the US Midwest supporting the harvest of corn and soybeans, while drought stress in the Southern Plains could hamper winter wheat establishment.
Soybean futures went down on the Chicago Mercantile Exchange on Thursday November 21, in part pressured by a sharp decline in soyoil and by a stronger US dollar, offsetting a supportive effect of US net sales.
A correction has been issued for this report.
US wheat futures fell on Thursday November 21 on tactical selling following three consecutive days of support, with declines limited by Black Sea headlines this week.
South Korean feedmaking association Major Feedmills Group (MFG) has bought up to 70,000 tonnes of North or South American corn privately, trade sources told Fastmarkets on Thursday November 21.
US corn futures trended lower on Thursday November 21, with losses limited by tender activity and higher weekly sales and exports reported by the USDA.
The International Grains Council (IGC) has lowered its world grain production forecast for the 2024/25 marketing year by 4 million tonnes to 2.31 billion tonnes, according to the council’s latest monthly report.
A correction has been issued for this report.
The Ukrainian corn harvest progressed by 3 percentage points to 92% of the total planned area in the week ended Thursday November 21, with 23.6 million tonnes brought in from the fields, according to the latest data from the Ministry of Agrarian Policy and Food.
The German 12.5% FOB wheat APM for January loading was assessed at a €10 per tonne premium over the March Euronext contract...
Ukrainian exports of sunflower meal and oilseeds, including rapeseed and soybeans, increased week on week on Wednesday November 20, according to data from the Ministry of Agrarian Policy released on Thursday November 21. However, exports of sunflower meal decreased during this period.