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The EU’s weekly wheat exports amounted to 301,963 tonnes in the week ended September 1, according to initial data from the European Commission released on Tuesday September 3.
Feed wheat cargoes have reached price parity with 11.5% protein milling wheat cargoes at the Constanta-Varna-Burgas (CVB) ports on the European Black Sea in a rare market occurrence.
Jordan’s state grain importer has booked 60,000 tonnes of barley for shipment in the first half of October, trade sources told Fastmarkets on Tuesday September 3.
The Ukrainian government has agreed with the grain industry on an export cap for wheat in the 2024/25 marketing year of 16.2 million tonnes, an official note on the agriculture ministry website 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...
Brazil’s soybean 2024/25 soybean crop is expected to reach a record output of 169.9 million tonnes, up by 12% from the 152 million tonnes in the previous marketing year, while corn production was forecast at 134.1 million tonnes, up by 5 million tonnes year on year, local consultancy Céleres said in its first estimate for the new crop on Monday September 2.
Brazil's Rio Grande do Sul soybean production in 2024/25 is expected to rise by 18.59% from the previous crop year to 21.6 million tonnes, while corn production is forecast at 5.3 million tonnes, state agency EMATER/RS said in its first estimate for the new crop year.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) revised upward its 2024/25 marketing year estimates for Australian wheat crop by 9% and for exports by 5% compared with its previous report.
The Chicago Mercantile Exchange was closed on Monday September 2 in observance of the Labor Day holiday in the US.
The Chicago Mercantile Exchange was closed on Monday September 2 because of the Labor Day holiday in the US, with all activities to resume on Tuesday September 3.
Algerian state agency ONAB is believed to have bought at least 30,000 tonnes of corn to be sourced from Argentina or Brazil in an international tender launched on Tuesday August 27, trade sources told Fastmarkets on Monday September 2.
Asian and European vegoil futures and cash prices declined on Monday September 2, while markets in the Americas were quiet amid the US Labor Day holiday.
The corn market was mostly quiet on Monday September 2 in the absence of reference futures prices from the Chicago Mercantile Exchange due to the Labor Day holiday in the US.
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The Russian wheat crop harvest was 68% complete in the week ending Friday August 30, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Monday September 2.
Speculators in the US corn and soybean contracts boosted long positions while trimming short positions in the week to Tuesday August 27, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 30.
Vegoils futures and cash prices rose across most markets in Asia and Europe on Friday August 30, but soyoil futures in Chicago edged slightly lower, borrowing weakness from the crude oil market and interrupting the previous day’s sharp upswing.
Soybean futures on the Chicago Mercantile Exchange ended the week to Friday August 30 in positive territory, returning to the $10 per bushel level for the first time since August 11, as the USDA reported new US soybean sales.
Russian wheat exports continued to increase on a weekly basis but still lagged compared with the previous year, a Fastmarkets analysis showed on Friday August 30.
The US hard red winter (HRW) wheat harvest is nearly complete, while the reaping of the nation’s soft white (SW) crop is progressing at a fast pace with favorable weather, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 30.