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Brazil's grain exporters association Anec has cut its soybean export estimates for July to 9.4 million tonnes, down from its earlier estimate of 10.4 million tonnes in the previous week, while raising corn exports estimates, according to its latest weekly report on Wednesday July 31.
Sales of Argentine soybeans and corn were higher in the week to July 24, while wheat was mixed across marketing years, according to data released by Argentina’s agriculture secretariat on Wednesday July 31.
Crude palm oil (CPO) futures traded lower on Wednesday July 31, with late bargain buying and healthy exports easing some of the losses seen earlier in the day.
Soybean futures was slightly up on Wednesday July 31 following crude oil´s rise after US data showed lower-than-expected inventories and amid tensions in the Middle East.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 2...
US corn futures decreased on Wednesday July 31 on higher-than-expected crop condition ratings and beneficial rain across the Midwest growing region this week, with losses limited by increased week on week corn consumption and a weaker US dollar.
US wheat futures rebounded on Wednesday July 31 amid technical trading spurred by a failure to break through recent lows, as well as heightened geopolitical tensions and a stronger dollar.
Dry bulk freight rates for Panamax-sized vessels eased slightly in the week to Wednesday July 31 in a subdued market.
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...
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Euronext’s commitment of traders’ report for the week to Friday July 26 showed a rise in the net short position in wheat futures, with investors continuing to pile larger volumes of short positions onto the exchange.
The output forecast for Ukrainian late crops was revised downward amid dry and hot weather, with expectations for corn and sunflower seeds being the most affected, the Ukrainian Grain Association (UGA) said on Wednesday July 31.
US weekly ethanol production increased by 14,000 barrels per day to 1.109 million bpd in the week ended Friday July 26, according to data published by the US Energy Information Administration (EIA) on Wednesday July 31.
Taiwanese feed importer MFIG concluded its tender for September-October shipment corn, picking up around 65,000 tonnes from trading house ADM on Wednesday July 31, sources told Fastmarkets.
China’s soybean crush volume in the week ending Friday July 26 rose slightly compared with the previous week, while the country’s soymeal stocks reached a record high, according to the latest figures from the China National Grain & Oils Information Center (CNGOIC).
China concluded an imported soybean auction on Wednesday July 31 with a total of 433,944 tonnes sold out of the 978,797 tonnes offered, yielding a 44.3% clearance rate, sources told Fastmarkets.
Long-haul freight rates for vessels carrying palm oil cargoes from Southeast Asia to Europe fell in the week to Wednesday July 31, while rates India were flat on unchanged supply/demand fundamentals, Fastmarkets understands.
Crude palm oil (CPO) futures traded sideways on Tuesday July 30; early gains from bargain buying and support from stronger related vegoils were offset by a cautious market sentiment ahead of supply and demand estimates for the full month of July.
Soybean futures extended losses on Tuesday July 30, due to favorable weather forecast for the US Midwest amid good crop conditions while soybean futures are pressured by soymeal's sharp loss on the Chicago Mercantile Exchange.
US and European wheat futures declined on Tuesday July 30 while the advance of the Northern Hemisphere grain harvest continued to bolster supply and add downward pressure on the market.