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Chicago wheat futures fell to the lowest level in more than three years and the European milling wheat contract slipped to a five-month low on Monday August 26 while ample global supplies and low prices for Black Sea grain continue to put pressure on markets.
Across Canada’s top crop-growing regions, the province of Saskatchewan leads the way in harvest progress as of the past week, as reported in provincial reports collated by Fastmarkets.
US corn futures trended lower on Monday August 26 on a higher year-on-year Pro Farmer crop tour production projection and lower weekly export inspections.
The soybean CFR China (Brazil) basis assessment for October loading was assessed unchanged at a...
Export inspections of US wheat rose by 44.1% to 537,179 tonnes during the week to Thursday August 22 from 372,707 tonnes the previous week, according to data from the USDA released on Monday August 26.
Export inspections of US corn were down 26% to 894,295 tonnes during the week to Thursday August 22, within market estimates, according to USDA data released on Monday August 26.
Export inspections of US soybeans were up 1% to 411,165 tonnes in the week ended Thursday August 22, from the 405,628 tonnes recorded a week earlier, data from the USDA showed on Monday August 26.
Fastmarkets will not publish any price assessments for wheat, barley, corn, vegoils and meals for Europe, Ukraine and Russia, nor Black Sea sunflower, on Monday August 26 due to holidays in Ukraine and the United Kingdom.
Managed money investors in the US soybean and corn contracts trimmed long positions in the week to Tuesday August 20, helping bolster net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 23.
The German 12.5% FOB wheat APM basis assessment for October loading was assessed unchanged at a €4 per tonne premium to the December Euronext wheat contract...
The soybean CFR China (USG) basis assessment for October loading was assessed 3...
Asian vegoils futures rose further on Friday August 23, while soyoil futures in Chicago surged, backed by external markets and positioning amid a bullish view on the US oil share — that is, the share of soybean crush proceeds linked to soyoil sales.
Soybean futures recovered part of the previous session’s losses on the Chicago Mercantile Exchange on Friday August 23, on the back of strong soyoil gains, higher crude oil prices, a lower US Dollar Index and the fifth consecutive day of US flash export sales reports.
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.
US and European wheat futures fell to fresh contract lows on Friday August 23, after the end of the lockout of Canada’s two major freight railroads eased concerns about grain exports from the world’s third-biggest wheat exporter, and as Black Sea cargoes continue to undercut wheat from other suppliers.
Fastmarkets’ weekly recap of the main movements in global cash markets.
US corn futures moved lower on Friday August 23 following the release one day earlier of results from the Pro Farmer Crop Tour that showed a record-high corn crop and a heavily podded soybean crop in Iowa — the country's largest producer of corn.
The US hard red winter (HRW) wheat harvest is more than 90% complete, while more than half of the nation’s soft white (SW) crop has been reaped, with protein, moisture and test weights looking very good, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 23.
Canada’s agriculture and fertilizer sectors expressed relief after the federal government took action to end the lockout at the country’s two major freight railroads, which threatened to cripple the domestic economy and spill over to the US.
Ukraine’s grain exports rose by 5% week on week to 854,000 tonnes in the week to August 22, according to data from the country’s State Customs Service released on Friday August 23.