Latest News
The soybean CFR China (Brazil) basis assessment for September loading was assessed 9...
The German 12.5% FOB wheat APM basis assessment for September loading was assessed up unchanged at a €2 per tonne premium to the December Euronext wheat contract...
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.
Euronext 's commitment of traders report in the week to August 2 showed the net-short position in wheat futures continued to rise, as investors added larger volumes of short positions onto the exchange.
The USDA attaché in the EU expects that the bloc’s grain production will decline in the 2024/25 marketing year because of a smaller planted area for grains and lower yields.
Soybean crushing in Brazil will likely not repeat the solid growth of previous years, due to a smaller supply after crop losses this year and despite strong domestic demand, the Brazilian Association of Vegetable Oil Industries (Abiove) said.
US weekly ethanol production decreased by 42,000 barrels per day to 1.06 million bpd in the week ended August 2, according to data published by the US Energy Information Administration (EIA) on Wednesday August 7.
China’s soybean crush volume in the week ended Friday August 2 rose by 100,000 tonnes from the previous week to 2.07 million tonnes while the country’s soymeal stocks continued to be at a record high, according to the latest figures from the China National Grain & Oils Information Center (CNGOIC).
China’s soybean imports in July fell to 9.85 million tonnes, 11% lower than June and slightly higher than the 9.65 million tonnes imported in July last year, estimates from the country’s General Administration of Customs (GACC) showed on Wednesday August 7.
China concluded an imported soybean auction on Wednesday August 7, with a total of 10,600 tonnes sold out of the 462,000 tonnes offered, yielding a 2.3% clearance rate, sources told Fastmarkets.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India were largely static the week ended Wednesday August 7, amidst unchanged supply and demand fundamentals.
Brazilian soybean exports reached a record 11.2 million tonnes in July, up by 16% year on year from 9.69 million tonnes, supported by strong demand from China. Corn shipments totaled 3.5 million tonnes in the same month, down by 16% from a year earlier, according to customs data released on late Tuesday August 6.
Algeria’s state-backed grain import agency Inter-professional Office of Cereals (OAIC) has returned to the wheat market to tender for optional origin milling wheat for October loading, according to an official document released on late Tuesday August 6, which was seen by Fastmarkets.
Egypt’s government importing agency has issued a rare tender to buy a fixed 3.8 million tonne volume of milling wheat for delivery over several months, sources told Fastmarkets on Tuesday August 8.
A sell-off continued across several vegoil markets in different regions on Tuesday August 6, with prices extending losses from Monday, dropping to multi-month lows in some cases and testing fresh contract lows in others.
Soybean futures prices fell on the Chicago Mercantile Exchange on Tuesday August 6 due to good US crop conditions and a stronger US dollar.
US corn futures fell on Tuesday August 6, with losses limited by lower weekly crop ratings.
The soybean CFR China (Brazil) basis assessment for September loading was assessed...
Chicago and European wheat futures rebounded on Tuesday August 6, along with global financial markets, after Monday’s selloff, while a USDA report showed that the US spring crop conditions were unchanged.
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.