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Asian vegoils futures continued to gather momentum on Thursday September 26 amid tight supply and demand fundamentals, while in Chicago soyoil futures tumbled to pare back Wednesday’s gains.
US wheat futures fell on Thursday September 26, reflecting widespread weakness across grain markets, with declines limited by global weather concerns in top growing regions.
US corn futures fell on Thursday September 26 on improved drought conditions and advancing harvest, with losses capped by good export buying interest.
Dry conditions forecast for Europe in the week beginning Thursday September 26 are expected to facilitate the harvesting of corn and sunflowers, but wetter weather in parts of the Americas could present challenges for crops there. Meanwhile, rainfall in China and Australia may benefit soil moisture, but there are concerns about possible localized flooding in some agricultural zones.
Soybean futures went down after a volatile day on the Chicago Mercantile Exchange on Thursday September 26, with crude oil and soy oil putting downward pressure on prices despite concerns about drought in Brazil.
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...
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.
China’s state planner kept its wheat and corn tariff rate import quotas for 2025 unchanged, according to a notice published on the official website of the National Development and Reform Commission (NDRC).
South Africa’s Crop Estimates Committee (CEC) released its eighth production forecast for summer crops in 2024.
Weekly exports of Ukrainian sunflower oil and soybeans rose on September 18-25, while the export pace of rapeseeds and sunflower meal decreased, according to official data from the country’s State Customs Service on Thursday September 26.
Brazil’s Paraná state agency Deral increased its estimate for soybean production to 22.4 million tonnes in the 2024/25 marketing year from the previous projection of 22.33 million tonnes, it said in a report on Thursday September 26.
In the week to September 19, US soybean oil exports and sales fell sharply from 2023/24 marketing-year highs in the prior weekly period, according to data released by the USDA on Thursday September 26.
Just 27,500 tonnes of milling wheat was exported from Rouen in the week to Wednesday September 25, according to data released by French port operator Haropa.
US weekly soybean net sales for the 2024/25 crop year were down by 12% to 1.57 million tonnes in the week to September 19, from 1.78 million tonnes in the previous week and within market estimates, the US Department of Agriculture (USDA) reported on Thursday September 26.
US weekly net sales of wheat for the 2024/25 crop year totaled 158,900 tonnes during the week to September 19, a marketing-year low, the US Department of Agriculture said on Thursday September 26.
South Korean feed importer Major Feedmill Group (MFG) has issued a buy tender for up to 70,000 tonnes of feed corn for arrival in January, sources told Fastmarkets on Thursday September 26.
US net sales of corn for the 2024/25 crop year totaled 535,100 tonnes during the week to September 19, down from 847,400 tonnes from the previous week, according to data released by the USDA on Thursday September 26.
Chinese state agencies held an auction for imported soybeans on Thursday September 26, where 77,503 tonnes out of the 155,589 tonnes of soybeans offered were sold, sources told Fastmarkets.
Mexico is projected to remain the top buyer of corn from the United States, even with a projected decline in imports for the upcoming year, due in part to a significant reduction in US corn purchases from China.