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The Russian government raised its tax on wheat exports further for the November 20-26 period while lowering its rates for corn and barley, according to an update from the country’s agriculture ministry on Friday November 15.

Russia's weekly wheat exports from Black Sea ports fell by 65% to 429,271 tonnes in the week ended Thursday November 14, from 1.134 million tonnes a week earlier, Fastmarkets analytic data showed on Friday November 15.

US soybean net sales fell by 24% week on week to 1.5 million tonnes, but the export pace was stable, weekly data from the US Department of Agriculture showed on Friday November 15.

US soybean meal sales and exports for the 2024/25 marketing year were down week on week in the week to November 7, according to figures released on Friday November 15 by the USDA.

US weekly corn net sales for the 2024/25 crop year totaled 1,315,100 tonnes in the week ended November 7, down by 53% from the previous week, according to data released by the US Department of Agriculture on Friday November 15.

US weekly net sales of wheat for the 2024/25 crop year totaled 380,100 tonnes during the week to November 7, up by 1% from the previous week but down by 17% from the prior four-week average, the US Department of Agriculture said on Friday November 15.

Ukraine exported 949,000 tonnes of grains during the week ended November 14, up by 49,000 tonnes, or 5%, from 900,000 tonnes the previous week, according to data released by the country’s State Customs Service on Friday November 15.

South Korean feed making association Major Feedmills Group (MFG) has secured 67,000 tonnes of US corn and 67,000 tonnes of South American corn after settling its latest buy tender, trade sources told Fastmarkets on Friday November 15.

Canada’s grain and oilseed exports totaled 1.54 million tonnes during the week to Sunday November 10, an increase of 271,900 tonnes (21%) from 1.27 million tonnes the previous week, according to data from the Canadian Grain Commission published on Friday November 15.

The French corn harvest advanced by 13 percentage points in the week to November 11, with 71% of the total planted area now harvested, according to the latest weekly report from the country’s farm office, FranceAgriMer, released on Friday November 15.

Crude palm oil (CPO) futures in Malaysia slid for the fourth consecutive day on Thursday November 14, in tandem with declines in Chinese vegoil futures and softer crude oil prices.

Soybean futures plunged for the fourth consecutive session on the Chicago Mercantile Exchange on Thursday November 14, driven by lower prices for soy products and crude oil, and still reflecting uncertainty over the impact of a new Donald Trump administration on soybean and energy markets.

The Black Sea region is expected to experience unseasonably warm temperatures during the week beginning Thursday November 14, with highs reaching 25°C. This atypical warmth during late autumn could influence the development of winter wheat and barley crops, potentially affecting their dormancy and growth cycles.

US wheat futures remained under pressure on Thursday November 14 on a strong US dollar and beneficial rains that fell over the central and southern US Plains that helped improved crop conditions.

US corn futures trended lower on Thursday November 14 amid a rising US dollar and improved drought conditions in main growing areas.

The Ukrainian corn harvest progressed by 7 percentage points to 88.5% of the total planned area in the week ended November 14, with 22.3 million tonnes brought in from the fields as of the latest data, according to the Ministry of Agrarian Policy and Food.

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.

Algerian state feed importer ONAB has issued a new tender for 240,000 tonnes of corn, sources told Fastmarkets on Thursday, November 14.