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The USDA's influential World Agricultural Supply and Demand Estimates (WASDE) report for July is projected to bolster its domestic 2024/25 crop-ending stocks and production projections while slightly boosting global stockpile estimates, according to analysts polled by Fastmarkets.
Algeria’s state grains agency OAIC is understood to have made purchases of milling wheat under its international tender, traders told Fastmarkets.
Industry participants polled by Fastmarkets ahead of the USDA’s monthly World Agricultural Supply and Demand Estimates...
China’s soybean crush volume in the week ended Friday July 5 reached 1.99 million tonnes, down by 190,000 tonnes week on week but a growth of 20,000 tonnes from a month ago.
Spanish warehouses are full of imported grain due to continuing sluggish demand, with buyers holding back in anticipation of being able to purchase better local crops, sources told Fastmarkets on Wednesday July 10.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India were flat week of Wednesday July 10, on unchanged supply and demand fundamentals.
Sales of Argentine old crop and new crop soybeans, corn and wheat increased in the week to July 3 according to data released by Argentina’s agriculture secretariat.
The second corn crop harvest in the Brazilian state of Paraná advanced 13 percentage points in the week to Monday July 8, to 66% of the 2.4 million-hectare sowed area, state agency Deral's weekly report showed on Tuesday July 9.
Soybean futures prices had a second double-digit loss day amid an improvement in the US soybean crop conditions and pressure from derived and external markets.
The first results have been obtained since the wheat harvest started in Russia, and so far yields have been better than expected, which has led local analysts to revise upward their forecasts for wheat production in the 2024/25 marketing year.
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Crude palm oil (CPO) futures took a tumble on Tuesday July 9 amid pressure from weaker related oils, energy and position squaring ahead of the release of supply and demand data estimate from the Malaysian Palm Oil Board (MPOB) on Wednesday July 10.
Weekly soybean imports into the EU totaled 256,315 tonnes in the week ended Sunday June 30, according to initial data from the European Commission released on Tuesday July 9.
US and European wheat prices rebounded on Tuesday July 9, with technical buying after a steep decline on Monday July 8 and speculation that the USDA will revise lower European production estimates for the grain in a report later this week.
US corn futures moved higher on Tuesday July 9 due to strategic buying following double-digit declines a day earlier, though gains were limited by better-than-expected crop ratings.
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...
Weekly wheat exports out of the EU amounted to 480,130 tonnes in the week ended July 7, according to initial data from the European Commission released on Tuesday July 9.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 2 cents higher...
The South Korean Flour Miller’s Association (Kofmia) has issued a tender seeking 85,000 tonnes of milling wheat to be sourced from the US and Canada.
China’s imported soybean auction on Tuesday July 9 saw 202,226.32 tonnes sold out of the 565,547 tonnes offered, yielding a clearance rate of 35.8%, trade sources told Fastmarkets.