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The soybean CFR China (USG) basis assessment for October loading was assessed...
The Russian wheat crop harvest reached 58% complete out of the 29.8 million hectares planned for the 2024/25 campaign in the week ended August 16, according to data seen by Fastmarkets on Monday August 19, while a decline in yields affected almost all regions where mass harvesting is taking place.
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.
Export inspections of US soybeans were up by 13.9% to 398,233 tonnes in the week ended August 15 compared with the 349,636 tonnes recorded a week earlier, data from the USDA showed on Monday August 19.
Export inspections of US wheat rose by 47.9% to 347,519 tonnes during the week to Thursday August 15 from 666,662 tonnes the previous week, according to data from the USDA released on Monday August 19.
Export inspections of US corn increased by 18% to 1,166,090 tonnes during the week to Thursday August 15, within market estimates, according to USDA data released on Monday August 19.
China’s corn imports in July rose by 18.5% from June to 1.09 million tonnes, estimates from the country’s General Administration of Customs (GACC) released on Sunday August 18 show.
Indonesia’s trade ministry has revised its domestic market obligation (DMO) policy for palm oil as part of efforts to ensure supplies of cheap local cooking oil by raising its maximum selling price and introducing new multiplier incentives, according to regulation documents issued over the weekend.
Canada’s new 2024/25 marketing year started with higher weekly wheat and rapeseed export numbers compared with a year ago, while exports of other crops are also noticeably higher, according to data from the Canadian Grain Commission published on Monday August 19.
Speculators in US soybean and corn contracts, as well as two of three wheat contracts, increased short positions in the week to Tuesday August 13, helping boost net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 16.
Argentina’s 2024/25 corn sowed area is expected to drop by 15% year on year to 7.4 million hectares from the previous crop year’s 8.7 million ha, Argentina’s Secretariat of Agriculture, Livestock and Fisheries (Sagyp) said on Friday August 16.
Vegoils futures varied relatively narrowly across most markets and regions on Friday August 16 despite plummeting crude prices.
Soybean futures ended the week in negative territory on the Chicago Mercantile Exchange, reaching a four-year low, pressured by crude oil and soymeal declines along with a favorable weather outlook for US.
The German 12.5% FOB wheat APM basis assessment for September loading was assessed unchanged at a €3 per tonne premium to the December Euronext wheat contract...
The soybean CFR China (USG) basis assessment for October loading was assessed...
US and European wheat futures rebounded on Friday August 16 on speculation that prices have dropped too far, especially given recent projections of lower grain production in France and Germany, Europe’s biggest producers.
Fastmarkets’ weekly recap of the main movements in global cash markets.
US corn futures were down on Friday August 16 on bearish news this week, including a record corn production forecast, steady crop ratings, and a new marketing-year low in corn net sales.
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.
Water levels in the crucial northern rivers of Brazil have reportedly hit a critical low, but market sources believe this should not hurt a lower export program for corn and soybeans.