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Export inspections of US wheat slipped by 10.3% to 556,901 tonnes during the week to Thursday September 12, from 620,802 tonnes the previous week, according to data released by the US Department of Agriculture (USDA) on Monday September 16.
Export inspections of US corn were down by 38% to 521,118 tonnes during the week to Thursday September 12, below market estimates, according to US Department of Agriculture data released on Monday September 16.
Torrential rains across central and eastern Europe over the weekend have caused flooding and damage in several countries, most notably Poland and the Czech Republic.
Chinese state agencies will be holding an auction for imported soybeans Thursday September 19, with around 177,000 tonnes of beans to be offered for sale, according to a notice issued by the National Grain Trade Center on September 14.
Canada’s Saskatchewan province led the way in harvest progress, with Manitoba and Alberta not far behind, as reported in provincial reports released September 9-10 and collated by Fastmarkets.
Investors in the US soybean, corn and wheat contracts slashed short positions in the week to Tuesday September 10, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 13.
Crude palm oil (CPO) futures tumbled on Friday September 13, down week on week, as pressure from weak fundamentals and bearish sentiment continued, with market participants also taking positions ahead of the long weekend in Malaysia.
The soybean CFR China (Brazil) basis assessment for October loading was assessed...
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Soybean futures ended the week in negative territory on the Chicago Mercantile Exchange on Friday September 13, with pressure from products and after the USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report confirmed on Thursday September 12 that the US is expected to have a bumper crop, despite the reduction in the US output forecast.
The German 12.5% FOB wheat APM basis assessment for October loading was unchanged at a €6 per tonne premium over the December Euronext contract...
US and European wheat futures climbed on Friday September 13 as market participants continued to digest the USDA’s World Agricultural Supply and Demand Estimates (WASDE) report, which included a decline in global production projections.
US corn futures rose on Friday September 13 following increased drought conditions in main growing areas and double-digit strength in the wheat market.
Russian wheat exports decreased on a weekly basis, unable to catch up with last year's pace so far, a Fastmarkets analysis showed on Friday September 13.
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 US hard red winter (HRW) and soft white (SW) harvests are complete, while the reaping of the hard red spring (HRS) and northern durum is progressing at a fast pace amid favorable conditions, the latest harvest report from the US Wheat Associates (USWA) showed on Friday September 13.
With disruption of the Panama Canal easing, the dry bulk market has been eyeing the possible impact of the improved situation.
The soybean sowed area in Argentina is expected to reach 17.7 million hectares in 2024/25, up by 7.5% from the previous crop year, leading to an expected output of 52 million-53 million tonnes, while the forecast for new crop corn production was increased to 51 million-52 million tonnes, the Rosario Grain Exchange (BCR) said in its monthly report late on Thursday September 12.
Russia has raised its wheat export duty for September 18-24, after cutting it last week, and reduced its corn export duty, the country's agriculture ministry said in an official update on Friday September 13.