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Sales of Argentine old crop and new crop soybeans declined in the week to June 26, while corn sales were up and wheat was mixed, according to data released by Argentina’s agriculture secretariat on Wednesday July 3.
Crude palm oil (CPO) futures in Malaysia fell for the third consecutive day on Friday July 5 on losses in related vegoils futures, as well as on profit taking ahead of the Malaysian public holiday on Monday July 8.
Soybean futures prices increased on Friday July 5 while the market returned from the July 4 national holiday in the US, borrowing some support from stronger prices of downstream products and a weaker US dollar.
The US hard red winter (HRW) harvest was completed in Oklahoma this week while the harvest is nearing completion in Texas and Kansas, the latest harvest report from the US Wheat Associates (USWA) showed on Friday July 5.
US and European wheat prices climbed on Friday July 5, with market participants covering short positions after stronger-than-projected US export sales.
US corn futures rose on Friday July 5 because the weakening dollar could make US grain shipments more attractive in export markets, while traders shrugged off disappointing USDA trade data.
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.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 2 cents...
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...
US soyoil exports hit a marketing-year high at 29,200 tonnes in the week to June 27, versus 5,100 tonnes shipped in the previous week, reflecting recent strong new commitments for the 2023/24 crop year, the USDA reported on Friday June 5.
US weekly net sales of corn totaled 357,200 tonnes for the 2023/24 crop year in the week ended June 27, down by 34% from the previous week and by 57% from the prior four-week average, according to data from the US Department of Agriculture released on Friday July 5.
US weekly soybean export sales slipped by 19% in the week to June 27 to 228,400 million tonnes from the previous week’s 282,900 tonnes, the US Department of Agriculture reported on Friday July 5.
US weekly net sales of wheat for the 2024/25 crop year totaled 805,300 tonnes during the week to June 27, the US Department of Agriculture said on Friday July 5.
The Russian wheat export tax continued to decline for the week through July 10-16, while corn and barley remain at zero, an official update from the agriculture ministry showed on Friday July 5.
The Ukrainian sunflower crush level in June fell by 36.36% at the midpoint from record crush volumes in May, and the July crush could fall to minimal levels leading to a shortage of sunflower oil offers, market sources told Fastmarkets.
The UN's Food and Agriculture Organization (FAO) Food Price Index was unchanged at 120.6 points in June, halting three months of growth, on the back of increased prices of vegoils, sugar and dairy products and decreased price of cereals, the FAO said on Friday July 5.
Grain exports from Ukraine started the new 2024/25 marketing year, which began in July, actively amid the continued export of old crop corn, according to data from the country’s State Customs Service.
China’s imported soybean auction held on Friday July 5 saw around 349,317 tonnes sold out of the 914,864 tonnes offered, yielding a clearance rate of 38.2%, sources told Fastmarkets.
French soft wheat conditions continued to deteriorate and were estimated at 58% good to very good in the week to July 1, compared with 81% seen this time last year, according to a weekly report by farm agency FranceAgriMer Friday.
Canada's grain and oilseeds export pace declined by 4% in the week ended Sunday June 30 and amounted to 910,100 tonnes, data from the Canadian Grain Commission released on Friday July 5 shows.