Latest News
Global wheat futures rose on Monday November 18 after the Biden administration announced it had allowed Ukraine to carry out long-range strikes inside Russia using American-provided missiles.
Chinese vegoil futures and Malaysian crude palm oil (CPO) plummeted on Monday November 18, while soyoil futures on the Chicago Mercantile Exchange fell less steeply, backed by a spike in crude oil prices.
US corn futures trended higher on Monday November 18 driven by double-digit spillover strength from the wheat market.
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.
Russian winter wheat planting progressed significantly during the week to Monday November 18, while the grain and oilseed harvest moved slowly, already reaching the final stages, according to data seen by Fastmarkets.
Export inspections of US soybeans were down by 8% to 2.17 million tonnes in the week ended Thursday November 14, from the 2.36 million tonnes recorded a week earlier, data from the USDA showed on Monday November 18.
Export inspections of US wheat for the week ending Thursday November 14 totaled 196,281 metric tonnes, down by 44% from the 353,407 tonnes recorded the previous week, according to USDA data released on Monday November 18.
Export inspections of US corn for the week ending Thursday November 14 totaled 820,608 metric tonnes, up by 3% from the 797,247 tonnes recorded the previous week, according to USDA data released on Monday November 18.
The progress of winter grain sowing in Ukraine increased by 2 percentage points in the week ended Monday November 18, reaching 98% complete with 5.06 million hectares sown out of the planned 5.18 million ha for the 2025/26 season, according to the Ministry of Agrarian Policy and Food.
Algeria’s state-backed grain importing agency has issued a fresh tender for a nominal 50,000 tonnes of durum wheat, according to an official document seen by Fastmarkets.
China imported 250,000 tonnes of corn in October, down from 310,000 tonnes in September, figures from the country’s General Administration of Customs (GACC) showed on Monday November 18.
Soybean futures regained support on the Chicago Mercantile Exchange on Friday November 15, following data released by the National Oilseed Processors Association (NOPA) that revealed soybean crush volumes surged to an all-time high of 199.96 million bushels in October.
Global wheat futures trended higher on Friday November 15 on widespread support across commodities on end of week positioning, while the US dollar took a break from its recent climb higher.
US corn futures trended higher on Friday November 15 on profit-taking following four consecutive days of declines and on support from global tender buying.
Crude palm oil (CPO) futures in Malaysia broke a three-day losing streak on Friday November 15, rising on increases in Chinese palm futures and tight supply.
US soybean crush volumes surged to an all-time high of 199.96 million bushels in October, according to data released by the National Oilseed Processors Association (NOPA) on Friday November 15.
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.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The Turkish government is set to extend restrictions on wheat imports until February 2025 and potentially for longer amid high levels of government-held stocks, trade sources have told Fastmarkets this week.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...