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The US hard red winter (HRW) wheat harvest is almost 90% complete with good crop quality, while about half of the nation’s soft white (SW) crop has been reaped, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 16.
Russia’s wheat export volumes from Black Sea ports totaled 951,299 tonnes in the week ended Friday August 15, an increase of 7% from the previous week, a Fastmarkets analysis of port lineup data showed.
Argentina’s corn crop area is expected to decline by 21% in the 2024/25 season to 7.67 million hectares, leading to a 49 million tonne output, flat from the projection for the 2023/24 crop year, the Rosario Grain Exchange (BCR) said in its first estimates for the new crop year in its monthly report released on Thursday August 15.
The Russian wheat export tax has risen threefold for the August 21-27 period after declining for a few weeks in a row, the official update from the agriculture ministry showed on Friday August 16.
Germany is facing its worst grain harvest since 2018 because of a lower planted area, as well as worse yields, the German farmers’ association Deutscher Raiffeisenverband (DRV) said in a statement on Friday August 16.
Wheat exporters loaded just two cargoes at Rouen, in northern France, in the week to Wednesday August 14, amounting to a total of 43,454 tonnes, according to data released by port operator Haropa.
Russia’s Subcommittee on Customs-Tariff and Non-Tariff Regulation, Protective Measures in Foreign Trade approved the extension of the current duties on sunflower seeds and soybeans, but canceled the ban on rapeseed, replacing it with a duty, and extended the duties on sunflower oil and sunflower meal, according to local media reports.
Improving weather conditions across Australia have pushed wheat output estimates above 30 million tonnes for the 2024/25 marketing year, sources told Fastmarkets on Friday August 16.
Chinese authorities will offer around 450,000 tonnes of imported soybeans for auction on Wednesday August 21, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday August 16.
Ukraine’s grain exports fell by 31% week on week to 813,000 tonnes in the week to August 15, according to data from the country’s State Customs Service released on Friday August 16.
French soft wheat conditions declined by 1 percentage point in the week to August 12, according to a weekly report released by farm agency FranceAgriMer on Friday August 16.
The International Grains Council (IGC) has lowered its world grain production forecast for the 2024/25 marketing year by 6 million tonnes to 2.315 billion tonnes, with the EU accounting for a large portion of the downgrade, according to the council’s latest monthly report.
Western Australian wheat output estimation was revised up by 9% month on month amid continued rain and warm weather conditions in the state, the monthly report from the Grain Industry of Western Australia (GIWA), released on Friday August 16 shows.
Corn harvest in Argentina reached 97.8% of the planted area of 7.6 million hectares in the week to August 14, while wheat conditions declined, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 15.
Crude palm oil (CPO) futures in Malaysia inched higher on Thursday August 15, buoyed by a recovery in related vegoils with gains capped by weaker August export indications.
Soybean futures remained in positive territory on the Chicago Mercantile Exchange on Thursday August 15 following higher-than-expected US export sales figures, with support from crude oil and soymeal gains amid bargain buying.
US wheat contracts declined and European futures dropped to a fresh five-month low on Thursday August 15, as ample global supplies put pressure on markets on both sides of the Atlantic.
US corn futures declined on Thursday August 15 following a new marketing-year low in corn net sales and a record US corn production forecast.
US soybean crush increased in July 2024, while soybean oil stocks declined, figures from the National Oilseed Processors Association (NOPA) showed on Thursday August 15.
The soybean CFR China (USG) basis assessment for September loading was assessed 1...