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Sales of Argentine new crop soybean and corn rose in the week to February 26, while corresponding sales of the old crop decreased, according to data released by Argentina’s agriculture secretariat on Wednesday March 5. As for wheat, weekly new crop sales fell, while old crop sales increased.

Vegoils markets were up on Wednesday March 5, with crude palm oil (CPO) futures in Asia rebounding to close in positive territory, fueled by bargain buying after trading mostly sideways in the first half of the day. Soybean oil futures on the Chicago Mercantile Exchange also rose after concerns over US tariffs eased.

US corn futures edged higher on Wednesday March 5, supported by steady ethanol demand and technical buying.

After hitting multi-week lows on Tuesday, the soybean futures contract rebounded on the Chicago Mercantile Exchange on Wednesday March 5, posting a 1% daily increase as concerns regarding tariffs eased, following indications that the US government plans to negotiate with Canada and Mexico after implementing tariffs earlier this week.

US wheat futures rebounded on Wednesday March 5, driven by news of potential Black Sea peace talks and tariff relief for Mexican and Canadian goods following remarks from US President Donald Trump.

Dry bulk freight rates for Panamax-sized vessels operating in the Atlantic Ocean eased in the week to Wednesday March 5, when shipping supply in the region increased again.

Ukrainian corn prices on an FOB and a DAP basis reacted with a delay to falling global prices in the past two weeks and showed themselves to be relatively stable compared with other origins, Fastmarkets understands.

Euronext’s commitment of traders report for the week to Friday February 28 showed a mixed sentiment in French milling wheat and corn futures on the exchange but a continued increase for rapeseed net long and short positions, according to data released on Wednesday March 5.

The soybean CFR China (Brazil) basis assessment for April shipment was assessed..

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

The Thai Feed Mill Association (TFMA) has picked up a Panamax cargo of feed wheat for August shipment in a tender closed on Tuesday March 4, sources told Fastmarkets.

US ethanol production increased by 13,000 barrels per day (bpd) to 1.093 million bpd in the week ending Friday February 28, according to data from the US Energy Information Administration (EIA) released on March 5.

Ukraine's monthly exports of sunflower oil and sunflower meal fell to the lowest level since the beginning of the 2024/25 season in February, due to the shutdown of several plants caused by negative processing margins, while exports of soybean and soybean meal rose, according to customs statistics.

Jordan’s state grain importer booked 100,000 tonnes of barley in a tender that closed on Wednesday March 5, trade sources have told Fastmarkets.

Syria’s state buyer, Syrian Grain, has issued its first international tender to buy 100,000 tonnes of optional-origin milling wheat after the fall of the Bashar al-Assad regime in the country on December 8, according to an official note seen by Fastmarkets on Wednesday March 5.

China has set an annual target for grain output at 700 million tonnes for 2025, similar to the level achieved in 2024, according to the Government Work report released following the Chinese People's Political Consultative Conference (CPPCC) on Wednesday March 5.

Freight rates for vessels carrying palm oil cargoes within Asia were largely rangebound in the week ended Wednesday March 5 on a lack of booking discussions and limited enquiries.

The Chicago soybean futures contract posted losses across most of the traded positions on Tuesday March 4, as the onset of US trade sanctions on imported goods triggered retaliatory measures for key US trade partners.

For the key US benchmark contracts on the Chicago Mercantile Exchange, both soybean oil and soybean meal futures dropped, with the prospect of retaliatory tariffs hurting US international trade dragging corn and soybeans lower.

Sentiment among US farmers improved in February, with agricultural producers becoming more optimistic about conditions on their farms, according to the Purdue University/CME Group Ag Economy Barometer survey released on Tuesday March 4.