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Weekly soybean imports into the EU totaled 153,845 tonnes in the week to September 1, according to initial data from the European Commission released on Tuesday September 10.
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for September is projected to trim both its estimates for domestic and global 2024/25 crop ending stocks, according to analysts polled by Fastmarkets.
The USDA is expected to increase its soybean production estimates for the 2024/25 year, with higher US and global ending stocks for the new crop, a Fastmarkets poll of eight traders and analysts showed on Tuesday September 10.
China’s soybean imports totaled 12.14 million tonnes in August, according to estimates released by the country’s General Administration of Customs (GACC) on Tuesday September 10.
Brazilian soybean and corn exports started September at a strong pace, with soybean reaching 1.3 million tonnes, while corn hit 1.5 million tonnes, in the first week of the month, customs data released on Monday September 9 showed.
Across Canada’s top crop-growing regions, dry and warmer weather helped accelerate harvest progress, as reported in provincial reports collated by Fastmarkets.
US corn crop conditions declined slightly in the week ended Sunday September 8, and soybean conditions were unchanged, while the corn harvest exceeded analysts’ estimates, the USDA’s weekly crop report showed on Monday September 9.
Soybean futures rebounded on the Chicago Mercantile Exchange on Monday September 9 on the lack of rain in both Brazil and the US, which is delaying the beginning of sowing in Brazil, and new soybean flash sales from the USDA.
Soyoil futures rose on Monday September 9 on the Chicago Mercantile Exchange, regaining some ground after hitting a two-week low in a sell-off on Friday September 6.
US corn futures moved slightly higher on Monday September 9 amid lower weekly crop ratings expected in the weekly USDA crop update this afternoon.
The soybean CFR China (Brazil) basis assessment for October loading was assessed...
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 were little changed on Monday September 9 as market participants kept an eye on low-cost Black Sea grain exports, which have kept a lid on prices elsewhere.
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 soybeans were down 30% to 354,166 tonnes in the week ended Thursday September 5, from the 502,444 tonnes recorded a week earlier, data from the USDA showed on Monday September 9.
US weekly soybean net sales for the 2024/25 crop year rose by 55.7% to 2.6 million tonnes in the week to August 22, up from 1.6 million tonnes in the previous week and above market estimates, the US Department of Agriculture reported on Thursday August 29.
Export inspections of US wheat slipped by 2.7% to 586,687 tonnes during the week to Thursday September 5 from 602,690 tonnes the previous week, according to data released by the USDA on Monday September 9.
Export inspections of US corn were down by 13% to 836,413 tonnes during the week to Thursday September 5, below market estimates, according to USDA data released on Monday September 9.
The Russian wheat crop harvest was 72% complete in the week to Friday September 6, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Monday September 9.
Chinese state agencies will offer around 250,000 tonnes of imported soybeans for auction on Wednesday September 11, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday September 9.