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Dry bulk freight rates for Panamax vessels continued to fall in the week to Wednesday August 14 on an excess of available tonnage in the Atlantic.
European wheat futures dropped to a five-month low on Wednesday August 14, while US contracts edged lower, on ample global supply and an outlook of increased competition for market share in export markets.
Sunflower harvesting in the Black Sea countries has started earlier than usual, and the first cuts give reason to believe that the sunflower harvest will be poor and its quality low, market sources said.
Buyers from the Philippines booked at least three cargoes of Australian feed wheat for October-November shipment in recent days, sources told Fastmarkets.
Fastmarkets has corrected its assessment of the AG-SYB-0082 crush margin, US soy M1, which was published incorrectly on Monday August 12.
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.
US weekly ethanol production increased by 5,000 barrels per day to 1.072 million bpd in the week ended August 9, according to data published by the US Energy Information Administration (EIA) on Wednesday August 14.
India’s edible vegetable oil imports in July 2024 came to a total of 1.84 million tonnes, 20.5% higher compared with June and the highest level since August 2023, according to figures from industry body Solvent Extractors Association (SEA) India, published on Wednesday August 14.
China’s soybean crush volume in the week ended August 9 was up by 10,000 tonnes compared with the previous week, to 2.08 million tonnes, while the country’s soymeal stocks stayed at a record high, according to the latest figures from the China National Grain & Oils Information Center (CNGOIC) on Wednesday August 14.
China concluded an imported soybean auction on Wednesday August 14, with a total of 33,695 tonnes sold out of the 452,000 tonnes offered, yielding a 7.5% clearance rate, sources have told Fastmarkets.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India were unchanged in the week ended Wednesday August 14 amid available tonnage and limited inquiries from charterers.
Singapore-based Wilmar International saw a decline in its palm fresh fruit bunch (FFB) production in the first six months of its financial year ending June 30 2024, with FFB output coming in at 1.95 million tonnes, down by 6% from the same period a year earlier, according to the company’s earnings statement released on Tuesday August 13.
Wheat harvesting in the Brazilian state of Paraná started in the week to Monday August 12, reaching 1% of the projected area of 1.15 million hectares, state agency Deral’s weekly report showed on Tuesday August 13.
Brazilian grain exporters association Anec boosted its soybean export estimates for August to 8.2 million tonnes from 7.8 million tonnes and also increased its corn and soymeal export estimates, its latest weekly report showed on Tuesday August 13.
The soybean CFR China (USG) basis assessment for September loading was assessed 1...
The German 12.5% FOB wheat APM basis assessment for September loading was assessed up €1 per tonne at a €3 per tonne premium to the December Euronext wheat contract...
Soybean futures continued to sell-off for the sixth consecutive session on Tuesday August 13, renewing contract-low levels across most of the curve.
Global wheat futures were mixed on Tuesday August 13 with the market paying attention to the advancing US harvest, unexpected lower estimates for US output and ending stocks, and a higher global ending stocks projection.
US corn futures fell on Tuesday August 13, with better-than-expected corn crop conditions and a record US corn production forecast for the 2024/25 marketing year weighing on the market.
Farmers in Brazil’s largest agricultural-producing state, Mato Grosso, sped up the pace of forward sales of soybeans and corn in July, backed by higher prices, the need to free up storage and the need to raise funding to lock in input costs for soybean planting, Mato Grosso’s agriculture state agency, IMEA, said late on Monday August 12.