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Crude palm oil (CPO) futures in Malaysia and soyoil futures in Chicago extended their rally for another session on Monday September 23 despite softer crude prices.
Soybean futures rose by double digits on the Chicago Mercantile Exchange on Monday September 23, bolstered by soymeal and oil contracts, despite declines in crude oil. Persistent dry weather forecasts across Brazil and Argentina, which could delay planting, also supported the gains.
US wheat futures trended upward by double-digit amounts on Monday September 23 amid concerns for global production and in the Black Sea region.
US corn futures were supported on Monday September 23, on profit taking following declines last week, increased weekly export inspections and global weather concerns.
Export inspections of US wheat increased by 21% to 711,073 tonnes during the week to Thursday September 19, from 588,785 tonnes the previous week, according to data released by the US Department of Agriculture on Monday September 23.
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 corn were up by 94% to 1,102,826 tonnes during the week to Thursday September 19, from the 568,915 tonnes recorded a week earlier, according to USDA data released on Monday September 23.
Export inspections of US soybeans were up 3% to 485,216 tonnes in the week ended Thursday September 19, from the 473,276 tonnes recorded a week earlier, data from the USDA showed on Monday September 23.
Yield forecasts for corn, barley and sunflowers were cut in the EU’s latest Monitoring Agricultural Resources (MARS) report, published on Monday September 23.
The Russian wheat crop harvest was 83% complete in the week to Friday September 20, with the average yield dropping below the figure for the entire year of 2023 due to the Siberia, Ural and Volga regions remaining incomplete, according to data seen by Fastmarkets on Monday September 23.
Canada’s harvest progress continues, with all top growing regions now more than halfway done. Rain received in the recent week helped replenish top soil moisture, as reported in provincial reports released on September 16-17 and collated by Fastmarkets.
The USDA’s cattle on feed report released on Friday September 20 estimated the number of cattle in the nation’s feedlots at 11.2 million head on September 1, in line with market estimates and 1% above last year’s 11.13 million head.
Soybean futures on the Chicago Mercantile Exchange fell slightly on Friday September 20, amid early US harvest pressures and strong import numbers from China in August, mostly of Brazilian soybeans.
The German 12.5% FOB wheat APM for November loading was assessed at a €9 per tonne premium over the December Euronext contract...
US wheat ended the week mixed on Friday September 20, with the advancing harvest limiting gains, while the Euronext futures gained slight support.
Asian vegoils continued to climb higher for yet another session on Friday September 20 amid an overall bullish sentiment.
US corn futures fell for a third consecutive day on Friday September 20, with a good harvest pace, better-than-expected crop conditions and lower reported weekly consumption weighing on the market.
Fastmarkets’ weekly recap of the main movements in global cash markets.
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 soybean CFR China (Brazil) basis assessment for November shipment was assessed...