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China’s corn and wheat imports in August fell to their lowest levels for several years, with the pace of buying in the country slowing after a frenetic phase of imports earlier this year, sources told Fastmarkets on Wednesday September 18.
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.
Euronext's commitment of traders report in the week to September 13 showed the net short position in wheat futures contracted by 13% after investors trimmed their short positions – leading to a net short position of 89,456 lots.
US weekly ethanol production decreased by 31,000 barrels per day to 1.049 million bpd in the week to Friday September 13, the lowest figure since the week ending June 21, according to data published by the US Energy Information Administration (EIA) on Wednesday September 18.
The Vietnamese agriculture ministry released a preliminary estimate of the losses to the feed industry caused by typhoon Yagi, which hit northern regions of the country around 10 days ago. The official letter, dated Tuesday September 17, also calls the industry for help.
France's state-backed farm agency FranceAgriMer has cut its forecast for total wheat exports from France by some 4 million tonnes, to 10.1 million tonnes, down by 39.2% from 16.6 million tonnes of exports in the 2023/24 marketing year.
Soybean planting for the 2024/25 crop has started in Brazil's Paraná and reached 1% of the 5.8 million hectares projected area in the week to Monday September 16, summer corn sowing reached 46% of the 267,800 hectares projected area, according to state agency Deral’s weekly report released on Tuesday September 17.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the second half of December, trade sources told Fastmarkets on Wednesday September 18.
Tunisia’s state grain importer has issued an international tender to buy 25,000 tonnes of soft milling wheat and 25,000 tonnes of durum wheat for shipment in November, according to a document seen by Fastmarkets on Wednesday September 18.
Freight rates for vessels carrying palm oil cargoes within Asia softened during the week to Wednesday September 18 on still softer charterer sentiment, sources have told Fastmarkets.
China’s soybean crush volume for the week ending September 13 was reported at 2.24 million tonnes, a 30,000-tonne increase from the previous week, according to data from the China National Grain and Oil Information Center released on Wednesday September 18.
Soybean sowing in the 2024/25 marketing year has started in limited areas of the Brazilian state of Mato Grosso but has not yet reached 1% of the projected area, the agricultural state agency IMEA said late on Monday September 16.
Brazil is projected to harvest a new record crop in 2024/25 of 166.3 million tonnes of soybean and to export record volumes in 2025, while corn production is expected to rise to 119.8 million tonnes, the country's food agency (Conab) said on Tuesday September 17, in its first estimate for the new crop year.
Brazilian grain exporters association Anec increased its estimates for soybean exports to 5.82 million tonnes and for corn shipments to 6.63 million tonnes in September, its weekly report showed on Tuesday September 17.
Crude palm oil (CPO) futures fell on Tuesday September 17, with a stronger ringgit and a softer energy complex exerting downward pressure as trading resumed after a national holiday in Malaysia.
Soybean futures on the Chicago Mercantile Exchange (CME) traded broadly unchanged on Tuesday September 17 after the United States Department of Agriculture (USDA) reported a faster pace in the US soybean harvest compared to the previous crop year.
US and European wheat futures were mixed on Tuesday September 17, with traders consolidating their positions after prices tumbled the previous day amid technical trading.
Ukrainian feed wheat prices have been heard at levels similar to those for corn for October loading on an FOB and or CIF Spain/Italy basis, resulting in European buyers’ preference being for feed wheat purchases, market sources said on Tuesday September 17.
US corn futures increased by less than 1% on Tuesday September 17, with gains limited by better-than-expected crop conditions and advancing harvest pace.
The German 12.5% FOB wheat APM for November loading was assessed at an €8 per tonne premium over the December Euronext contract...