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Soybean futures were in positive territory on the Chicago Mercantile Exchange on Wednesday August 21, while the USDA announced soybeans flash sales in the US for the third consecutive day.
Dry bulk freight rates for Panamax vessels continued to fall in the week to Wednesday August 21 amid continued excess tonnage in the Atlantic and lower demand from South America.
US corn futures found slight support for nearby contracts on Wednesday August 21 amid higher weekly consumption, while the rest of the months moved lower following possible bumper corn crops in Nebraska and Indiana, as reported in the second day of the Pro Farmer Crop Tour on Tuesday August 20.
The Thai Feed Mill Association (TFMA) returned to the grains market on Wednesday August 21, looking to buy September-loading feed wheat, with trade sources reporting that a purchase had been made around $264 per tonne CIF Line Out.
Tunisia’s state grain importer picked up 75,000 tonnes of soft milling wheat and paid $244.66 per tonne CFR on average for September-October shipment, $0.65 per tonne below its previous tender for August-September delivery, trade sources said on Wednesday August 21.
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 US Department of Agriculture (USDA)’s attaché in Kazakhstan expects that the country’s wheat and barley production will jump in the 2024/25 marketing year, but farmers are concerned that a bumper harvest and barriers to trade will lower prices for both grains.
US weekly ethanol production increased by 26,000 barrels per day to 1.098 million bpd in the week ended Friday August 16, according to data published by the US Energy Information Administration (EIA) on Wednesday August 21.
Argentina crushed 4.38 million tonnes of soybeans in July, up by 71.7% from 2.55 million tonnes a year earlier, according to data from the country’s Secretariat of Agriculture, Livestock and Fisheries (SAGyP) released late on Tuesday August 20.
EU crush volumes rebounded in July, rising 9.5% to 3.25 million tonnes after three months of decline since April, data from EU vegetable oil and protein meal association Fediol showed on Wednesday August 21.
On the second day of the Pro Farmer Crop Tour in the US Midwest, Nebraska and Indiana showed improved crop conditions compared with last year, when drought significantly reduced yields. This year, all tour figures from day two were higher across the board.
Turkey is still importing Russian wheat even after a ban came into force in June, sources told Fastmarkets, adding that some trade participants are preparing for a price spike because they anticipate that the ban will be removed.
China’s soybean crush volume in the week ended August 16 was down by 60,000 tonnes compared with the previous week, to 2.02 million tonnes, while the country’s soymeal stocks remained at a record high, figures released by the China National Grain & Oils Information Center (CNGOIC) on Wednesday August 21 show.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India fell in the week to Wednesday August 21 on plentiful tonnage and limited fixing of stems.
Brazilian grain exporters association Anec has increased its corn and soymeal export estimates for August while making a mild adjustment for soybean shipments, its latest weekly report showed on Tuesday August 20.
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...
Crude palm oil (CPO) futures in Malaysia traded mostly sideways on Tuesday August 20 amid pressure from weak export demand as well as a stronger ringgit, which made palm less attractive to international buyers.
Soybean futures were stable on the Chicago Mercantile Exchange on Tuesday August 20, with market participants seeking balance between positive news about the US crop and increased demand for US soybeans.
US and European wheat futures rose on Tuesday August 20 as concerns about a looming stoppage of Canadian railroads and poor harvests in Europe outweighed ample supplies in the Black Sea region.
US corn futures moved lower on Tuesday August 20 following steady weekly crop conditions, and overall projection of steady year on year corn yields at the first day of the annual Pro Farmer Crop Tour.