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Japan's Ministry of Agriculture has issued an international tender for the purchase of 115,208 tonnes of wheat from the US and Canada for loading in September, an official note published by the ministry showed on Tuesday July 16.
Taiwanese feed buyer MFIG is in the market for up to 65,000 tonnes of optional-origin corn via a tender which closes on Wednesday July 17, sources told Fastmarkets.
US corn and soybean crop conditions were unchanged in the week to Sunday July 14, while spring wheat and barley conditions improved, the USDA’s weekly crop progress report showed on Monday July 15.
Brazilian soybean exports kept at a strong pace in July, while corn shipments struggled to keep up with last year’s figures, customs data showed late on Monday July 15.
Crude palm oil (CPO) futures slipped on Monday July 15, tracking weakness in related vegoils.
Soybean futures collapsed on Monday July 15, setting new contract lows for multiple months amid ample offers and low demand in the US. It is the second time this month futures have hit their lowest levels.
US and European wheat futures declined to multi-month lows on Monday July 15 while the market continued to digest an influential USDA report that pointed to rising global production and ample stockpiles.
US soybean crush declined sharply in June 2024, down from a record monthly high in May, according to the latest data released by the National Oilseed Processors Association (NOPA) on Monday July 15.
US corn futures moved lower on Monday July 15, with the latest Commodity Futures Trading Commission (CFTC) report showing the highest corn net short position in data going back 355 weeks, despite lower-than-expected domestic new crop ending stocks reported late last week by the USDA.
Export inspections of US corn increased by 5% to 1,078,911 tonnes during the week to Thursday July 11, near the top range of analysts' estimates, data from the USDA released on Monday July 15 showed.
Export inspections of US wheat advanced by 55.5% to 533,828 tonnes during the week to Thursday July 11, up from 343,359 tonnes the previous week, according to data from the US Department of Agriculture (USDA) released on Monday July 15.
The German 12.5% FOB wheat APM basis assessment for August loading was assessed up €1 per tonne at a €5 per tonne discount to the December Euronext wheat contract...
Export inspections of US soybeans were down 43% to 168,593 tonnes during the week to July 11, from the 294,209 tonnes recorded a week earlier, data from the US Department of Agriculture (USDA) showed on Monday July 15.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 1 cent...
Managed money investors in the US soybean and corn markets accumulated short positions in the week to Tuesday July 9, sending net short positions to record highs, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday July 12.
Canada's top crop-growing regions recorded variable rain over the week but overall drier conditions were reported, revealing poorer topsoil and subsoil conditions following excessive showers last week, as reported in local provincial reports collated by Fastmarkets.
The Rosario Grains Exchange (BCR) has cut its estimates for Argentina’s wheat crop area, leading to a reduction in the country’s output to 20.5 million tonnes from last month’s forecast of 21 million tonnes, the exchange said in its monthly report on Friday July 12.
Russian exporters have started the new marketing year at a relatively sluggish pace after a record-breaking previous season, with 618,246 tonnes of wheat shown as exported from the country’s Black Sea ports in the July 1-12 period, a Fastmarkets analysis of port line-up data showed on Friday July 12.
Soybean futures were down on Friday July 12 following the USDA’s World Agricultural Supply and Demand Estimates (WASDE) release, with low demand and ample supply continuing to put pressure on futures on the Chicago Mercantile Exchange.
Crude palm oil (CPO) futures in Malaysia dipped on Friday July 12 when healthy supply damped buying sentiment despite higher Chinese vegoil futures.