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Speculators in US soybean, corn and wheat contracts slashed short positions in the week to Tuesday September 3, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 6.
Soyoil futures in Chicago tumbled steeply on Friday September 6 with downward pressures from falling crude prices and technical positioning, while in Malaysia crude palm oil (CPO) futures edged slightly lower.
Soybean futures ended the week to Friday September 6 with double digit losses on the Chicago Mercantile Exchange on profit taking after posting gains in the beginning of the week, pressured by declines in crude oil and soyoil.
The Agricultural Market Information System (AMIS) released its quarterly snapshot of major agricultural commodities on Friday, marginally pushing up its estimate for global wheat and soybean production while trimming its corn outlook.
US wheat futures slipped on Friday September 6, while European contracts were little changed, as a healthy US harvest neared completion and cheap cargoes from the Black Sea region continued to put pressure on prices.
Fastmarkets’ weekly recap of the main movements in global cash markets.
US corn futures moved lower on Friday September 6, with the USDA reporting a net reduction in weekly sales — to a marketing-year low for the old corn crop.
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) wheat harvest is nearly complete, while the soft white (SW) harvest is progressing at a steady clip under warm and dry conditions, the latest harvest report from the US Wheat Associates (USWA) showed on Friday September 6.
Russian wheat exports continued to increase on a weekly basis, almost reaching last year’s pace, a Fastmarkets analysis showed on Friday September 6.
The soybean CFR China (Brazil) basis assessment for October loading was assessed...
The Brazilian Senate approved on Wednesday September 4 the “Fuels of the Future” bill that increases the mandatory blending of biodiesel in diesel and of ethanol in gasoline and creates national programs for green diesel, sustainable aviation fuel (SAF) and biomethane.
US weekly soybean net sales for the 2024/25 crop year fell by 36.6% to 1.65 million tonnes in the week to August 29, from 2.6 million tonnes in the previous week and landed within market estimates, the US Department of Agriculture reported on Friday September 6.
US soybean meal exports and sales both increased in the week ended August 29, figures from the USDA showed on Friday September 6.
Ukraine's weekly exports of oilseeds and sunflower meal fell in the week to Wednesday September 4, while sunflower oil export applications increased - despite limited domestic offers - and September sunflower oil exports fell to a minimum level, official data from the Ministry of Economy showed on Thursday.
US net sales of corn fell by 173,100 tonnes for the 2023/24 crop year during the week to August 29, a marketing-year low, data released by the USDA showed on Friday September 6.
US weekly net sales of wheat for the 2024/25 crop year totaled 340,000 tonnes during the week to August 29, down by 36% from the previous week and by 17% from the prior four-week average, the US Department of Agriculture said on Friday September 6.
Russia reduced its wheat export tax for the September 11-17 period, along with the corn export tariff, after an increase last week, the country’s agriculture ministry said in an official update on Friday September 6.
Australian wheat exports picked up by 19% in July after a drop in June, led by significantly increased shipments into Indonesia and Yemen, while barley and canola flow dropped, according to monthly data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), published on Friday September 6.
Ukraine’s grain export volumes fell to 532,000 tonnes in the week to September 5, down by 67,000 tonnes, 11%, from 599,000 tonnes in the preceding seven days, according to data from the country’s State Customs Service released on Friday September 6.