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Japan's Ministry of Agriculture has issued an international tender for the purchase of 107,330 tonnes of wheat from the US, Canada and Australia for loading in September-October, an official note published by the ministry showed on Tuesday July 9.
Brazil’s second corn crop (safrinha) harvest advanced by 13.2 percentage points in the week to Sunday July 7, reaching 61.1% of the 16.2 million-hectare projected area, national food agency Conab said late on Monday July 8.
Investors in the US corn, soybean and wheat markets accumulated shorts, bolstering their net short positions in the week to Tuesday July 2, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday July 8.
US growing crop conditions improved for major crops in the week to Sunday July 7, with ratings ahead of last week and last year, the USDA’s latest weekly crop progress report showed on Monday July 8.
Brazilian soybean and soyoil exports started the month at a strong pace, while corn shipments were taking longer to pick up, customs data showed late on Monday July 8.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 4 cents lower...
Soybean futures prices started the week by posting double-digit losses amid a favorable weather outlook in the US; declining prices for grains, with corn and wheat significantly lower; and soyoil and soymeal trading in negative territory.
Human and animal nutrition giant ADM announced in a press release on Monday July 8 that it has created a fully verified and traceable supply chain in the US to supply Europe with deforestation-free soymeal and soyoil.
Prices fell across the agricultural futures markets in Chicago on Monday July 8, with soybeans leading the soy complex lower, partly due to favorable weather conditions in the US, while activity in the Bursa Malaysia was halted due to a national holiday.
US and European wheat prices dropped on Monday July 8 with market participants’ attention on ample global supplies while the US winter wheat harvest advanced at a brisk pace.
US corn futures declined on Monday July 8 following the US holiday weekend, with market participants shrugging off inland flooding and tornadoes in Texas caused by Hurricane Beryl — the first to reach US landfall this season.
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Yields and production of Kazakh wheat and barley are expected to come in for a strong year, according to the latest EU Monitoring Agricultural Resources (MARS) report published Monday July 8.
Inspections of US soybean exports were down by 15% to 273,321 tonnes in the week ended July 4, from 319,828 tonnes a week earlier, according to data published by the US Department of Agriculture (USDA) on Monday July 8.
Export inspections of US corn increased by 23% to 1,023,905 tonnes during the week to Thursday July 4, up from 831,195 tonnes during the previous week, data from the USDA showed on Monday July 8.
Export inspections of US wheat advanced by 1.7% to 341,005 tonnes during the week to Thursday July 4, from 335,235 tonnes the previous week, according to data from the US Department of Agriculture released on Monday July 8.
Chinese authorities will offer around 560,000 tonnes of imported soybeans for auction on Tuesday July 9, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday July 8.
Russia set a new wheat export record in the 2023/24 marketing year, which ended on June 30, with the country increasing supplies to several countries in Asia, while the underlying structure of key Russian exporters has changed, Fastmarkets research shows.
Algeria’s state grain importer has announced a fresh tender for a nominal 50,000 tonnes of optional origin milling wheat delivered into small ports, according to an official invitation document seen over the weekend.
Fastmarkets’ weekly recap of the main movements in global cash markets.