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Ukrainian exports of sunflower oil, sunflower meal and soybeans fell in the week to Wednesday July 10, official data showed on Thursday July 11, with production volumes of processed products declining amid low sunflower stocks and the shutdown of a number of plants for preventive maintenance, in addition to seasonal factors.
US weekly net sales of wheat for the 2024/25 crop year totaled 240,400 tonnes during the week to July 4, the US Department of Agriculture (USDA) said on Thursday July 11.
US weekly net sales of corn totaled 538,300 tonnes for the 2023/24 crop year during the week to July 4, up by 51% from the previous week but down by 13% from the prior four-week average, according to data from the US Department of Agriculture (USDA) released on Thursday July 11.
South Korean feed importer Major Feedmilll Group (MFG) concluded its feed wheat tender on Thursday July 11, picking up one cargo of around 68,000 tonnes for October arrival, sources told Fastmarkets.
Exports of milling wheat from the port of Rouen in France rose by 24,562 tonnes, or 43% week on week, to 80,843 tonnes during the week to July 10, according to data released by port operator Haropa.
Vegoil future prices in China have been dropping in the past days after a national food security scandal involving Sinograin shocked the nation and hurt consumer sentiment toward the sector, but market participants expect limited impact on soybean crushers going forward.
South Korean feed importer Korea Feed Association (KFA) has passed on a tender for November 11 arrival of 50,000-68,000 tonnes of corn, which closed on Thursday July 11. A rival Korean buyer, however, continued negotiations for feed wheat purchases, sources told Fastmarkets.
Brazilian grain exporters association Anec increased its July soybean export forecast to 9.7 million tonnes from the previous estimate of 9.5 million tonnes, according to its latest report released on Wednesday July 10.
The German 12.5% FOB wheat APM basis assessment for August loading was assessed unchanged at a €6 per tonne discount to the December Euronext wheat contract...
Several soybean futures hit contract-low prices in their third-consecutive session of losses on Wednesday July 10, weighed by favorable weather for US crops amid low demand and pressured by a downtrend in soy products.
South Korea’s flour millers’ association KOFMIA has bought 86,000 tonnes of North American wheat but has passed on another 40,000 tonnes, trade sources told Fastmarkets on Wednesday July 10.
Crude palm oil (CPO) futures in Malaysia fell further on Wednesday July 10 due to losses across the vegetable oil complex, but bullish export data capped losses.
US and European wheat prices fell on Wednesday July 10, on speculation that the USDA will bolster its domestic 2024/25 crop-ending stocks and output forecasts in the World Agricultural Supply and Demand Estimates (WASDE) report on Friday July 12.
Dry bulk freight rates for Panamax-sized vessels eased in the week to Wednesday July 10, with demand insufficient to employ the supply of vessels, although there were some signs of a recovery.
US corn nearby July and September futures held on to gains on Wednesday July 10 while the rest of the contracts moved lower, with rain showers generally benefiting the corn crop in the Midwest.
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 in the week to July 5 showed a rise in short positions, while long positions in wheat futures fell, leading to an overall net short for the contract.
The USDA is expected to slightly reduce its soybean acreage and production estimates on its monthly World Agricultural Supply and Demand Estimates (WASDE) report that will be published on Friday July 12, a Fastmarkets poll of 11 traders and analysts showed.
US weekly ethanol production decreased by 10,000 barrels per day to 1.05 million bpd in the week ended July 5, according to data published by the US Energy Information Administration (EIA) on Wednesday July 10.
The soybean CFR China (Brazil) basis assessment for August loading was assessed unchanged...