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Heavy buying activity for Chinese soybeans, and stock-building in the first half of 2024, create a risk of lower demand for US beans later in the year, which would weigh on freight rates, Fastmarkets heard on Tuesday August 20.
Weekly soybean imports into the EU totaled 271,283 tonnes in the week to Sunday August 18, according to initial data from the European Commission released on Tuesday August 20.
Canada’s agriculture and fertilizer industries are among the sectors that will be seriously hit if the country’s two largest railroad companies cease operations on Thursday August 22, as they have threatened to do if no agreement is reached with a union.
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 European Union’s weekly wheat exports amounted to 337,449 tonnes in the week ended August 18, according to initial data from the European Commission released on Tuesday August 20.
The soybean CFR China (USG) basis assessment for October loading was assessed 3 c/bu...
Drought in Ohio has impacted corn more than soybeans, while in South Dakota, despite early season heavy rains and flooding, corn yields have remained consistent, making the USDA's record yield forecast achievable, according to the Pro Farmer Crop Tour.
Tunisia's state grain importer has issued an international tender to buy 75,000 tonnes of soft milling wheat for shipment in September-October, according to a document seen by Fastmarkets on Tuesday August 20.
Japan's Ministry of Agriculture has issued an international tender for the purchase of 81,442 tonnes of wheat from the US and Canada for loading in October, an official note published by the ministry on Tuesday August 20 showed.
Malaysia has raised its crude palm oil (CPO) reference price for September to 3,915.19 ringgit ($894) per tonne from 3,880.86 ringgit per tonne in August, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday August 20.
China’s soybean imports from Brazil reached 9.12 million tonnes in July, figures from the country’s customs agency (GACC) showed Tuesday August 20.
Harvest progress across Alberta, Saskatchewan and Manitoba — Canada’s top crop-growing regions — continued under way in the week to August 13, with concerns for crop conditions because of hot and dry weather, as reported in provincial reports collated by Fastmarkets.
US corn, soybean and barley crop conditions were unchanged in the week to Sunday August 18, while spring wheat conditions improved week on week, the USDA’s weekly crop progress report showed on Monday August 19.
Brazilian soybean exports continued to show strong pace, but corn shipments are still struggling to gain momentum, customs data showed on Monday August 19.
Fastmarkets launched price assessments for AG-RSD-0005 rapeseed cpt crush plant and AG-RSD-0006 rapeseed cpt POC on Monday August 19, 2024.
Crude palm oil (CPO) futures in Malaysia and soyoil futures in Chicago firmed on Monday August 19 despite plummeting crude prices, with demand to replenish stocks and technical buying providing underlying support, as well as similar gains in related vegoils.
Soybean futures in Chicago bounced back up again on Monday August 19, supported by technical buying, fresh US export sales and stronger soymeal prices, Fastmarkets has heard.
US corn futures trended upward on Monday August 19 on increased weekly corn inspections and competitive US prices.
European wheat futures declined on Monday August 19, and US contracts were mixed as ample Black Sea supply outweighed concerns about output declines in France and Germany, and market participants awaited data on US crop progress.
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...