Latest News
US millers ground 226 million bushels of wheat during the second quarter of 2024, down by less than 1% from the first quarter but up by 2% from the corresponding period a year earlier, according to the USDA’s quarterly Flour Milling Products report on Thursday August 1.
US processors crushed 184 million bushels of soybeans in June, down by 4.2% from 192 million bu in May but up by 5.1% from 175 million bu in June 2023, according to the USDA's Monthly Fats and Oils report released on Thursday August 1.
In Argentina, the wheat planting on the estimated 6.3 million hectares for the 2024/25 campaign has concluded, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 1.
Corn consumed for alcohol and other uses in the US totaled 495 million bushels (12.57 million tonnes) in June 2024, down by 3% from the previous month and up by less than 1% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Monday August 1.
Soyoil futures plummeted near contract lows across the curve in Chicago on Thursday August 1 trading after a short-lived bounce back during the previous session while Asian vegoils futures also trended mostly lower.
The most-active soybean futures contract on the Chicago Mercantile Exchange was unchanged on Thursday August 1 after trading in negative territory for most of the session, pressured by lower soyoil and crude oil prices.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 3...
The German 12.5% FOB wheat APM basis assessment for September loading was assessed unchanged at a €1 per tonne premium to the December Euronext wheat contract...
In Ukraine, the early grain crop harvest was 92% complete in the week to Thursday August 1, according to government data.
US wheat futures advanced on Thursday August 1 for a second consecutive day during choppy trading due to concerns about weather in western Europe, Ukraine and Russia.
In China, heavy precipitation and temperatures are expected through Friday August 7, leading to risks of waterlogging of low-lying farmland and heat damage to crops like cotton.
US corn futures remained under pressure on Thursday August 1, declining by around 1%, on better-than-expected crop ratings in the week, improved weather conditions and net sales marking a marketing-year low.
Rouen milling wheat exports totaled 80,498 tonnes in the week to July 31, up by 121% week on week, according to data released by port operator Haropa.
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 2023/24 soybean oil exports and sales were down in the week to July 25, the USDA reported on Thursday August 1.
Net sales for the 2023/24 soybean crop rose to 376,400 tonnes in the week to July 25 from 88,600 tonnes the week before, above market expectations, the US Department of Agriculture reported on Thursday August 1.
US weekly net sales of corn totaled 167,900 tonnes for the 2023/24 crop year during the week to July 25, a marketing-year low, according to data released by the US Department of Agriculture (USDA) on Thursday August 1.
US weekly net sales of wheat for the 2024/25 crop year totaled 286,600 tonnes during the week to July 25, down 7% from the previous week and 41% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday August 1.
Ukrainian weekly exports of rapeseed more than doubled week on week in the week to July 31, while exports of sunflower oil also increased over the reporting period, official data published on Thursday August 1 showed.
Chinese soyoil inventories were estimated at 1.1 million tonnes in the week ended July 26, 20,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday August 1 showed.