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US processors crushed 193 million bushels of soybeans in July, up by almost 5% from 184 million bu in June and by 4.3% from 185 million bu in July 2023, the USDA’s Monthly Fats and Oils report showed on Tuesday September 3.
Crude palm oil (CPO) futures in Malaysia were broadly unchanged on Tuesday September 3 after trading in positive territory through most of the day amid mixed movements in related vegoil futures while the market awaits further indications for August supply and demand fundamentals.
Corn consumed for alcohol and other uses in the US totaled 527 million bushels (13.39 million tonnes) in July 2024, up by 6% from the previous month and by 4% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Tuesday September 3.
Market participants have begun to talk about the new option that could be taken regarding Turkey’s ban on wheat imports after the current restriction expires on October 15, Fastmarkets learnt on Tuesday September 3.
Soybean futures on Tuesday September 3 posted double digit gains on the Chicago Mercantile Exchange due to a sharp increase in soymeal futures and strong demand for US soybeans.
US wheat contracts climbed for a fifth consecutive session on Tuesday September 3 along with European futures on concern about a poor European wheat harvest, with ample global supply and low-cost Black Sea cargoes keeping a lid on prices.
US corn futures remained supported on Tuesday September 3 following the long Labor Day holiday weekend due to spilled-over, double-digit strength in the wheat and soybean markets, and expectations that lower weekly corn crop conditions will be reported for last week.
Sentiment among US agricultural producers plunged in August, with longer-term and short-term projections sharply lower, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday September 3.
The German 12.5% FOB wheat APM basis assessment for October loading was assessed unchanged at a €6 per tonne premium to the December Euronext wheat contract...
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China will open a probe to consider anti-dumping measures on imports of Canadian canola (rapeseed), a representative of China’s trade ministry said in a note on Tuesday September 3. The move could have consequences for the global supply-and-demand balance in vegoils.
Export inspections of US soybeans were up by 18.4% to 496,860 tonnes in the week to Thursday August 29 from the 419,563 tonnes recorded a week earlier, data from the USDA showed on Tuesday September 3.
The publication of reports that the Chinese government has asked state-owned importing companies to restrict purchases of barley and sorghum in 2024 could be an attempt to keep import volumes below the levels seen in 2023, and this could also be the case for wheat and corn imports, trade sources told Fastmarkets in the week started Monday September 2.
Export inspections of US wheat rose by 5.2% to 577,944 tonnes during the week to Thursday August 29 from 549,467 tonnes the previous week, according to data from the USDA released on Tuesday September 3.
Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) has issued an international tender for the purchase of 87,660 tonnes of wheat from the US and Canada for loading in October-November, according to an official note published on Tuesday September 3.
Export inspections of US corn were up by 5% to 965,292 tonnes during the week to Thursday August 29, within market estimates, according to USDA data released on Tuesday September 3.
The soybean CFR China (Brazil) basis assessment for October loading was assessed 3 cents...
Fastmarkets launched two price assessments for AG-SSD-0015 Sunmeal cpt POC and AG-SSD-0014 Sunoil cpt POC on Monday September 3, 2024.
Weekly soybean imports into the EU totaled 161,142 tonnes in the week to Sunday September 1, according to initial data from the European Commission released on Tuesday September 3.
Ukraine's winter grain sowing campaign has officially started, with the planting of winter rapeseed already 36% complete, according to the country's Ministry of Agrarian Policy.