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Concerns around crop losses in key producing areas continued to support rapeoil and sunoil prices across regions, while Malaysian CPO futures ended the week in positive territory.

Fastmarkets’ weekly recap of the main movements in global cash markets.

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 and European wheat prices rose on Friday July 19, with recent price declines helping to spur a flurry of purchases, supported by increasing concerns about crop conditions in France and Russia.

US corn futures on Friday July 19 were supported by tactical buying, crop concerns in Ukraine and France, and spilled-over strength from the wheat market.

Russia’s wheat exports from Black Sea ports decreased by 7% from the previous week to 575,560 tonnes in the week ended Friday July 19, a Fastmarkets analysis of port line-up data showed.

The US hard red winter (HRW) harvest is progressing at a rapid pace, while the soft red winter (SRW) harvest is almost complete, the latest harvest report from the US Wheat Associates Extremely (USWA) showed on Friday July 12.

US Gulf corn, wheat and soybean export prices to Mexico rose during May, with wheat having the biggest increase month on month and year on year, a monthly report by the Mexican Agricultural and Fisheries Information Service (SIAP) showed on Friday July 19.

The German 12.5% FOB wheat APM basis assessment for September loading was assessed up €3 per tonne to flat against the December Euronext wheat contract...

The soybean CFR China (Brazil) basis assessment for September loading was assessed 1 cent...

Prices for old and new harvest sunflower oil in European and Black Sea ports are rising under the pressure of talks of a decrease in sunflower crop in the Black Sea region and the European Union in the 2024/25 season, while low sunflower stocks limit supply for July-August deliveries.

The Russian government has lowered the wheat export tax for the week of July 24-30 after little support seen last week, while the corn and barley taxes stayed at zero, an official update from the agriculture ministry showed on Friday July 19.

Tunisia’s state grain importer has purchased 100,000 tonnes of feed barley for shipment in early August to mid-September, market participants told Fastmarkets.

Extremely hot and dry weather in the Black Sea area has also hit Ukrainian growing regions, leading to a 15% drop in corn production forecasts for the 2024/25 marketing year, with potential further damage yet to be assessed, trade sources have told Fastmarkets.

China’s soyoil inventories were estimated at 1.06 million tonnes in the week ending July 12, or 40,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday July 18 showed.

Ukraine's grain exports fell by 2% to 757,000 tonnes in the week to Thursday July 18, with the increase in wheat volumes failing to offset the drop in corn and barley outflows, according to data from the country’s State Customs Service released on Friday July 19.

French soft wheat conditions continued to deteriorate and were estimated at 52% good to very good in the week to July 15, down by 5 percentage points from the previous week, and compared with 80% at the same time last year, according to a weekly report released by farm agency FranceAgriMer on Friday July 19.

Canada's grain and oilseed exports fell by 22% to 547,000 tonnes in the week to Sunday July 14, with a decrease in the flow of almost all major crops for a second week in a row, according to data from the Canadian Grain Commission published on Friday July 19.

Wheat planting in Argentina for the 2024/25 crop year advanced by 2.1 percentage points to 95% of the projected area of 6.3 million hectares during the week to Wednesday July 17, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday July 18.

Egypt’s state buyer General Authority for Supply Commodities (GASC) purchased 20,000 tonnes of foreign sunflower oil and 28,000 tonnes of domestic soybean oil in a tender closed on Thursday July 18, sources told Fastmarkets.