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Vegoils futures tumbled on Monday August 13 across most markets and regions.
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The European Union's weekly wheat exports amounted to 488,410 tonnes in the week to Sunday August 11, according to initial data from the European Commission released on Tuesday August 13.
Brazil’s second corn crop (safrinha) harvest reached 94.7% complete out of the 16.3 million hectare projected area in the week to Sunday August 11, a 3.4 percentage point advance and ahead of the 72.4% completion rate in the same period of 2023, national food agency Conab announced late on Monday August 12.
Weekly soybean imports into the EU totaled 55,356 tonnes in the week ended Sunday August 11, according to initial data from the European Commission released on Tuesday August 13.
Brazil’s food agency Conab has slightly increased its second corn crop production forecast to 90.3 million tonnes for the 2023/24 crop year, while cutting its summer crop estimates by 2% from the previous month's forecast, its monthly supply and demand report showed on Tuesday August 13.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the second half of September, trade sources told Fastmarkets on Tuesday August 13.
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.
The Egypt’s General Authority of Supply Commodities (GASC) has only booked 280,000 tonnes of milling wheat sourced from Ukraine and Bulgaria, paying $241.98 per tonne FOB and $266.21 per tonne CFR on average in a tender for 3.8 million tonnes, according to an official document released by GASC on late Monday August 12.
Brazilian forward sales of the 2024/25 soybean crop amounted to 18.2% of the 171.5 million tonnes projected crop as of Friday August 9, a monthly gain of 3.6 percentage points, local consultancy Safras & Mercado said on Monday.
US corn and soybean crop conditions were unchanged in the week to Sunday August 11, while the winter and spring wheat harvests advanced at a faster clip than projected, the USDA’s weekly crop progress report showed on Monday August 12.
Brazilian soybean exports reached 2.38 million tonnes in the first two weeks of August, while corn exports amounted to 1.9 million tonnes, customs data showed on Monday August 12.
Crude palm oil (CPO) futures dropped further in Malaysia on Monday August 12 on weaker exports and higher output prospects, while soyoil futures in Chicago tumbled, borrowing weakness from the upstream soybean market after the USDA significantly increased its estimates for new crop soybean ending stocks.
Soybean futures collapsed on the Chicago Mercantile Exchange on Monday August 12, following record US soybean production and ample ending stocks projected by the USDA in its World Agricultural Supply and Demand Estimates (WASDE) report, released earlier on Monday.
European wheat futures fell on Monday August 12, while declines in Chicago futures eased after the USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report bolstered the global production forecast while unexpectedly trimming estimates for US output and ending stocks.
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 unchanged at a €2 per tonne premium to the December Euronext wheat contract...
The USDA increased its forecast for record US production and higher ending stocks for 2024/25, both above market expectations, and raised its estimates for global ending stocks, the World Agricultural Supply and Demand Estimates (WASDE) report showed on Monday August 12.
US corn futures moved higher on Monday August 12 on lower new crop global ending stocks projected by the USDA in its monthly supply and demand report, with gains limited by US corn production forecast at the third highest on record.
The Argentine Labor Ministry issued a compulsory conciliation on Monday August 12 halting the week-long strike held by oilseed crushing industry workers that has been hampering the country’s crush activity and export sector since August 6.