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Brazilian soybean sowing reached 94.1% of the projected area of 47.3 million hectares in the week ended Sunday December 8, a weekly advance of 4.1 percentage points. This surpassed the 89.9% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report published late on Monday December 9.
US and European wheat futures advanced on Tuesday December 10 after the USDA reduced its estimates for US wheat ending stocks for the 2024/25 marketing year, while bolstering export projections and trimming the global production forecast.
The US Department of Agriculture reduced its estimates for US wheat ending stocks for the 2024/25 marketing year, while bolstering export projections and slightly increasing its global stocks forecast.
The German 12.5% FOB wheat APM for January loading was assessed at an €13 per tonne premium over the March Euronext contract...
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 European Union's weekly wheat exports amounted to 207,333 tonnes in the week to Sunday December 8, according to initial data from the European Commission.
The German 12.5% FOB wheat APM for January loading was assessed at a €13 per tonne premium over the March Euronext contract...
Brazilian grain exporters association Anec increased its estimates for soybean, corn, soymeal and wheat in its weekly report on Tuesday December 10.
Japan's agriculture ministry has issued an international tender to buy 112,889 tonnes of US, Canadian and Australian wheat, according to an official note published by the ministry on Tuesday December 10.
US wheat futures rose slightly on Monday December 9 as traders took positions before the US Department of Agriculture’s influential World Agricultural Supply and Demand Estimates (WASDE) report, which is expected to bring lower forecasts for global and domestic ending stocks.
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.
Export inspections of US wheat decreased by 24% to 226,513 tonnes during the week to Thursday December 5, from 298,550 tonnes the previous week, according to data from the USDA released on Monday December 9.
Investors in the three US wheat markets added short positions in the week to Tuesday December 3, helping send net short positions to multi-month highs, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 6.
Egyptian sustainable development agency Mustaqbal Misr, which had presented itself as a new entity of the Egyptian government, has reportedly confirmed that it is going to take over the General Authority of Supply Commodities’ (GASC) role as the country’s product purchaser, market sources told Fastmarkets on Friday December 6.
US and European wheat futures were little changed on Friday December 6 while traders awaited fresh headlines before making sizable bets about the movement of the grain market.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The German 12.5% FOB wheat APM for January loading was assessed at an €13 per tonne premium over the March Euronext contract...
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for December is projected to reduce estimates for both domestic and global 2024/25 wheat crop ending stocks, according to analysts polled by Fastmarkets.
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 Russian government has again increased the wheat export duty for the December 11-17 period, the country’s agriculture ministry said in an official update on Friday December 6.