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The first volumes for the 2024/25 Ukrainian rapeseed harvest season were declared for export in the week leading up to July 17, official data published on Thursday July 18 showed, while exports of sunflower oil increased and sunflower meal and soybeans decreased.
Algeria’s Inter-professional Office of Cereals (OAIC) has purchased at least 780,000 tonnes of optional origin milling wheat in its tender closed on Wednesday July 17, sources said.
China’s corn imports in June continued to fall for the sixth straight month, with estimates from the country’s General Administration of Customs (GACC) reported at 920,000 tonnes on Thursday July 18 – the lowest level seen since December 2022.
Malaysia has raised its crude palm oil (CPO) reference price for August to 3,880.86 ringgit ($829) per tonne, a slight increase from July’s 3,839.63 ringgit per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Thursday July 18.
Crude palm oil (CPO) futures were mixed at the close of trading on Wednesday July 17, with strength in related vegoils and healthy exports continuing to support prices.
Soybean futures were slightly down on Wednesday July 17, pressured by soyoil losses, despite support from external markets and soymeal.
US and European wheat futures rebounded on Wednesday July 17 with investors returning to the market amid speculation that recent price declines would spur bargain buying.
US corn futures trended higher on Wednesday July 17 due to ongoing tactical buying and increased export interest amid a weaker dollar.
The Black Sea sunflower harvest was estimated to have lost a little more than 2 million tonnes, an average of 6%, over the past three weeks with abnormally high temperatures putting pressure on the future crop, Fastmarkets heard on Wednesday July 17.
Dry bulk freight rates for Panamax-sized vessels rose slightly in the week to Wednesday July 10, with ship supply in the Atlantic beginning to be taken up by more cargoes.
The German 12.5% FOB wheat APM basis assessment for September loading was assessed up €2 per tonne to a €3 per tonne discount December Euronext wheat contract...
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.
Euronext’s commitment of traders report for the week to Friday July 12 showed a large rise in short positions with investor sentiment remaining bearish, while long positions in wheat futures contracted marginally, leading to an big rise in the overall net-short for the contract.
US weekly ethanol production increased by 52,000 barrels per day to 1.106 million bpd in the week ended July 12, the highest level since the week ended December 22, 2023, according to data published by the US Energy Information Administration (EIA) on Wednesday July 17.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 5 cent...
South Korean flour millers’ association KOFMIA purchased around 40,000 tonnes of US-origin milling wheat in its tender for October 1-15 loading, trade sources told Fastmarkets on Wednesday July 17.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India dipped in the week ended Wednesday July 17 on softer demand for tonnage.
The Thai Feed Mill Association (TFMA) has skipped the purchase in its tender for 175,200 tonnes of optional origin feed wheat for second half of September shipment, considering the offered prices too high, sources told Fastmarkets on Wednesday July 17.
China concluded an imported soybeans auction on Wednesday July 17 with a total of 233,406 tonnes sold out of the 547,614 tonnes offered, yielding a 42.6% clearance rate, sources told Fastmarkets.
China’s soybean crush volume in the week ended Friday July 12 rose from the previous week to 2.06 million tonnes, figures from the China National Grain and Oils Information Centre (CNGOIC) released this week showed.