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The fourth and final day of the Pro Farmer Crop Tour, on Thursday August 22, revealed a record-high corn crop and a heavily podded soybean crop in Iowa.
Russia increased its wheat export duty for the August 28-September 3 period after raising it in the previous week, the country’s agriculture ministry said in an official update on Friday August 23.
South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has booked optional-origin corn in a private deal for November 30 arrival, following Major Feedmill Group’s (MFG) successful corn tender, sources told Fastmarkets on Friday August 23.
Russian wheat exports continue to improve from week to week, but still lag compared with last year, a Fastmarkets analysis showed on Friday August 23.
South Korean feed maker Major Feedmill Group (MFG) concluded its buy tender for corn on Friday August 23, picking up around 67,000 tonnes of the grain for December arrival, sources have told Fastmarkets.
Chinese authorities will offer around 410,000 tonnes of imported soybeans for auction on Wednesday August 28, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday August 23.
Canada's grain and oilseeds exports fell by 37% week on week in the week ended Sunday August 18, totaling 738,000 tonnes, data from the Canadian Grain Commission released on Friday August 23 shows.
French soft wheat conditions were stable in the week to August 19, with farmers finishing harvest work, according to a weekly report released by farm agency FranceAgriMer on Friday August 23.
South Korean feed importer Major Feedmill Group (MFG) is in the market for up to 70,000 tonnes of feed corn for December-arrival via a tender launched on Friday August 23, sources told Fastmarkets.
Wheat in Brazil’s state of Rio Grande do Sul reached 17% of the total 1.31 million hectares at the flowering stage and may have suffered damage due to frost, state agency Emater/RS said in a report released on Thursday August 22.
As the corn harvest entered its final stretch, sunflower sowing began in Argentina, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 22.
Crude palm oil (CPO) futures in Malaysia rose to a two-week high on Thursday August 22, supported by gains in related vegoils and by news of Indonesia's plans to implement their B40 biodiesel mandate from January 2025 and expectations of higher export demand.
Soybean futures fell sharply on the Chicago Mercantile Exchange on Thursday August 22 following a bigger pod count in the states of Illinois and Iowa compared with last year and downward derived markets despite the fourth consecutive day of flash export sales.
The shutdown of Canada’s two major freight railroads threatens to hurt both the Canadian and US economies, with agriculture and the fertilizer industry being two of the sectors most vulnerable to the stoppage, industry analysts told Fastmarkets.
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...
US and European wheat futures decreased on Thursday August 22 as the availability of low-cost cargoes from Black Sea exporters continues to weigh on prices, while market participants keep an eye on the impact of Canadian rail shutdown on markets.
Brazil is likely to import Argentine soyoil this year amid a tight domestic supply and demand balance for soybeans and downstream products, sources told Fastmarkets.
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.
Global weather forecasts on Thursday August 22 for the week ahead include hot temperatures and dry conditions across the Americas, Ukraine and China, which could hinder crop development and the pace of harvesting, while Argentina faces the risk of frost affecting wheat crops despite approaching rain.
US corn futures trended lower on Thursday August 22 following impressive corn and soybean yield estimates out of the states of Illinois and Iowa, as reported in the third day results of the Pro Farmer Crop Tour released late on Wednesday August 21.