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US and European wheat contracts climbed for a fourth consecutive day on Friday August 30 as concerns about a lower European crop output and lower quality continued to bolster prices.
Fastmarkets’ weekly recap of the main movements in global cash markets.
US corn futures ended the week of Friday August 30 supported, ahead of the long holiday weekend. The US will observe the Labor Day holiday on Monday September 2.
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...
Taiwanese feed importer MFIG concluded an international buy tender for feed corn on Friday August 30, picking up around 65,000 tonnes of the grain for loading in October-November, sources have told Fastmarkets.
Indonesia has raised it crude palm oil (CPO) reference price for September to $839.53 per tonne, up from $820.11 per tonne in August, the country’s trade ministry announced in a circular issued on Friday August 30.
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 soybean CFR China (Brazil) basis assessment for October loading was assessed...
Ukraine’s grain exports fell by 255,000 tonnes, or 30%, to 599,000 tonnes in the week to Thursday August 29, down from 854,000 tonnes in the week to August 22, according to data from the country’s State Customs Service released on Friday August 30.
The Russian government has again increased the wheat export duty for the September 4-10 period, the country’s agriculture ministry said in an official update on Friday August 30.
Chinese authorities will offer around 330,000 tonnes of imported soybeans for auction on Wednesday September 4, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday August 30.
French soft wheat conditions were improved by two percentage points in the week to August 26, according to a weekly report released by farm agency FranceAgriMer on Friday August 30.
Canada's grain and oilseeds exports fell by 41% week on week in the week ended Sunday August 25, totaling 433,800 tonnes, data from the Canadian Grain Commission released on Friday August 30 shows.
Brazil’s Paraná state is expected to harvest 22.33 million tonnes in the first soybean crop of the 2024/25 marketing year, a 20% increase from the 2023/24 crop, according to a report by state agency Deral on Thursday August 29.
The European Commission expects cereal production for the 2024/25 marketing year to total 264.5 million tonnes, down from an estimated 269.9 million tonnes in the 2023/24 marketing year, it said on Thursday August 29.
Argentina's corn harvest is less than 1% away from completion, and forecast rains are projected to delay sunflower seeding but aid wheat crop development, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 29.
The soybean CFR China (USG) basis assessment for October loading was assessed...
The German 12.5% FOB wheat APM basis assessment for October loading was assessed up €1 per tonne at a €6 per tonne premium to the December Euronext wheat contract...
Soybean futures on the Chicago Mercantile Exchange rebounded on Thursday August 29 after US export sales data surpassed market participants’ estimates, with support from short covering after recent losses.
US corn imports into the European Union have reached a 25-month high amid relatively low prices for the grain and a high level of competition from other origins that have led the US to become one of the top two corn suppliers to the bloc, EU data has shown.