Latest News
The Vancouver port strike — which began at 7am US Pacific time on Tuesday September 24, shutting down key grain terminals and threatening Canada’s agricultural exports during a crucial harvest period — came to an end on Friday September 27.
Western Australia has been reinstated at the main wheat exporting state in Australia after almost a year of losing out to competition from New South Wales (NSW), Victoria and South Australia, sources told Fastmarkets on Monday September 30.
Investors in the United States soybean and corn markets slashed short positions in the week to Tuesday September 24, helping trim net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 27.
Crude palm oil (CPO) futures in Malaysia took a breather from their seven-day rally to close lower on Friday September 27 due to profit-taking, while direction from related vegoils was mixed and soymeal futures surged in Chicago.
Soybean futures on the Chicago Mercantile Exchange surged to an eight-week high on Friday September 27, mostly driven by a climb in soymeal prices amid EU regulation to block imports linked to deforestation.
US wheat futures declined on Friday September 27, with additional downward pressure derived from the remaining US hard red spring (HRS) and northern durum wheat harvests having less than 5% progress remaining.
US corn futures increased on Friday September 27 amid price-supportive headlines, including severe weather due to Hurricane Helene, a higher Russian corn export tax, and a potential East Coast and Gulf Coast port strike set to begin next week, further raising export concerns.
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 an €8 per tonne premium over the December Euronext contract...
Fastmarkets’ weekly recap of the main movements in global cash markets.
The US hard red spring (HRS) and northern durum wheat harvests are nearly complete, with less than 5% remaining, according to the last harvest report of the year from the US Wheat Associates (USWA), released on Friday September 27.
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.
The pace of Ukraine’s weekly grain exports was up by 12% week on week and amounted to 769,125 tonnes declared, according to data released by the country’s State Customs Service on Friday September 27.
Russian wheat export from the Black Sea ports continued to decline in the week ended Friday September 27, down by another 10% week on week; despite this, exports in the month to date have already surpassed the export volume record for September, a Fastmarkets analysis showed on Friday.
The Russian government has significantly raised its corn export tax and reimposed the barley export tax, but changes to wheat taxes were marginal for the period October 2-8, according to a note published by the country’s agriculture ministry on Friday September 27.
French corn conditions worsened by one percentage point in the week to Monday September 23, while the pace of harvest is still behind recent years, according to farm agency FranceAgriMer’s weekly report released on Friday September 27.
Weekly progress in Ukraine's corn harvest in the week ending September 26 was 10 percentage points out of the 4 million hectares planned for harvest in the 2024/25 season, according to official data published by the Ministry of Agrarian Policy & Food on Friday, September 27.
South Korean feed importer Major Feedmill Group (MFG) has concluded its buy tender on Friday September 27 for January-arrival corn without making any purchases, sources told Fastmarkets.
Canada's grain and oilseed exports declined by 7%, or 75,300 tonnes, in the week ended Sunday September 22, totaling 985,200 tonnes, with lower wheat and canola volumes exported, according to data from the Canadian Grain Commission released late on Thursday September 26.
Corn planting advanced slowly in Argentina and reached 10.5% of the projected sown area of 6.3 million hectares amid dry weather, while wheat and sunflower areas could benefit from rain reported this week, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday September 26.