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US corn crop conditions declined slightly in the week ended Sunday September 29, and soybean conditions were unchanged, while the soybean harvest exceeded analysts’ estimates, the USDA’s weekly crop report showed on Monday September 30.
Rain delayed harvest progress but helped replenish soil conditions across Canada's top growing regions, according to provincial reports released September 23-24 and collated by Fastmarkets.
Crude palm oil (CPO) futures lost further steam in Malaysia on Monday September 30, while in Chicago soyoil futures bounced back after two sessions of losses.
US and European wheat futures rose on Monday September 30 on concerns about global output and on higher export prices from Russia, the world’s biggest producer and exporter of the grain.
US corn futures remained supported on Monday September 30 amid ongoing logistical concerns related to weather and a potential US East Coast strike beginning on Tuesday October 1, which could affect grain export container business, according to analysts Fastmarkets spoke to.
Soybean futures were slightly up in a volatile session on the Chicago Mercantile Exchange on Monday September 30, after the USDA released its quarterly grain stocks reports. Market participants, meanwhile, continue to monitor Brazilian weather conditions.
The USDA’s September quarterly stocks outlook update delivered tighter-than-expected corn and soybean reserves, while wheat stocks were slightly higher than projected by market participants.
US wheat production totaled 1.97 billion bushels (53.62 million tonnes) in 2024, up by 9% from 1.81 billion bu in 2023, data from the US Department of Agriculture showed on Monday September 30.
Weather extremes have hit winter, barley and corn yields, and thus cut production in Russia, according to the latest EU Monitoring Agricultural Resources (MARS) report.
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.
Export inspections of US soybeans were up 36% to 675,749 tonnes in the week ended September 26, from 498,586 tonnes recorded a week earlier, data from the US Department of Agriculture (USDA) showed on Monday September 30.
The soybean CFR China (Brazil) basis assessment for November shipment was assessed...
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract...
The US Department of Agriculture’s (USDA) local attaché in Morocco projects that the country’s wheat production will drop in the 2024/25 marketing year after the Moroccan government released its final estimates for the 2024 crop.
Turkey's wheat production is projected to remain above the five-year average, despite the challenges arising from extreme summer heat across the country, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Export inspections of US wheat slipped by 25.7% to 536,929 tonnes during the week to Thursday September 26, from 722,608 tonnes the previous week, according to USDA data released on Monday September 30.
Export inspections of US corn edged down by less than 1% to 1,140,079 tonnes in the week to Thursday September 26, well within market estimates, according to USDA data published on Monday September 30.
Ukraine's winter sowing campaign is under way and had advanced on 946,600 hectares in all regions of the country as of Monday, September 30, according to data from the agriculture ministry.
The Russian wheat harvest progressed another 7 percentage points to the 88% complete through the week ended Friday September 27, exceeding 80.9 million tonnes, according to data seen by Fastmarkets on Monday September 30.
Indonesia has set its crude palm oil (CPO) reference price for October at $893.64 per tonne, according to a notice issued by the Indonesian trade ministry on Monday September 30.