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China concluded an imported soybeans auction on Wednesday July 24 with a total of 10,570 tonnes sold out of the 1.02 million tonnes offered, yielding a 1.04% clearance rate, sources have told Fastmarkets.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India fell in the week ended Wednesday July 24, with an increase in tonnage availability due to reduced competition from clean petroleum product (CPP) cargoes.
Brazil’s second corn crop safrinha harvest reached 79.6% of the 16.2 million hectare projected area, a 5.4 percentage point advanceand ahead of the 47.9% completion rate seen at the same period of 2023. in the week to Sunday July 21, national food agency Conab said late on Monday July 22.
Wheat sowing in the Brazilian state of Paraná was officially complete in the week to Monday July 22 for the projected area of 1.11 million hectares, state agency Deral’s weekly report showed on Tuesday July 23.
The German 12.5% FOB wheat APM basis assessment for September loading was assessed unchanged to flat against the December Euronext wheat contract...
The soybean CFR China (USG) basis assessment for September loading was assessed 2...
Soybean futures on the Chicago Mercantile Exchange edged upward for the second consecutive session on Tuesday July 23, with persistent underlying support from weather-related concerns in the US.
The main crude palm oil (CPO) futures contract in Malaysia broke its five-day winning streak on Tuesday July 23 amid profit-taking, though losses were capped by rising related vegoils.
US and European wheat futures edged lower on Tuesday July 23, with traders awaiting fresh news before making large bets in a well-supplied market.
In Bangladesh, one of the world's biggest wheat importers, bids disappeared from the market after student protests erupted in the country.
US corn futures remained supported on Tuesday July 23 on lower-than-projected corn crop ratings and steady export demand.
Fastmarkets has corrected its crush margins US soy, $c/bu, which was published incorrectly on July 19.
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.
Brazilian grain exporters association Anec reduced its July soybean export estimates to 10.4 million tonnes from last week´s 10.7 million tonnes forecast, its latest weekly report showed on Tuesday July 23.
Weekly soybean imports into the EU totaled 200,646 tonnes in the week ended Sunday July 21, according to initial data from the European Commission released on Tuesday July 23.
The European Union’s weekly wheat exports amounted to 500,883 tonnes in the week to Sunday July 21, according to initial data from the European Commission released on Tuesday July 23.
Chinese authorities will offer around 1.02 million tonnes of imported soybeans for auction on July 24, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday July 22.
Argentina crushed 3.96 million tonnes of soybeans in June, up by 31.3% from the 3 million tonnes from a year earlier, data from Argentina’s Secretariat of Agriculture Livestock and Fisheries (SAGyP) released late on Friday July 19.
US corn crop conditions declined by 1 percentage point in the week to Sunday July 21, while soybeans, spring wheat and barley remained steady, the USDA’s weekly crop progress report showed on Monday July 22.
Brazilian soybean exports remain strong in July, while corn, soymeal and soyoil exports continue at a slower pace in a year-over-year comparison, customs data showed late on Monday July 22.