Brazilian soybean exports amounted to 3 million tonnes in the first week of March, while corn shipments reached 446,940 tonnes in the same period, surpassing the volume sent abroad in the whole month a year prior, customs weekly data showed on Monday March 10.

US and global soybean ending stocks are expected to decline according to the upcoming USDA World Agricultural Supply and Demand Estimates (WASDE); while production in Brazil and Argentina will remain unchanged, a Fastmarkets poll with nine traders and analysts showed on Monday March 10.

Export inspections of US soybeans were up by 21% to 844,218 tonnes in the week ended Thursday March 6 from the 699,958 tonnes recorded a week earlier, data from the US Department of Agriculture (USDA) on Monday March 10 shows.

Brazilian soybean exports totaled 6.4 million tonnes in February, down by 2.7% year over year, while corn shipments fell by 16.4% to 1.4 million tonnes, monthly customs data showed on Friday March 7.

Investors in the US corn and soybean markets slashed long positions while amassing shorts in the week to Tuesday March 4, reducing the corn net long to its lowest since December and moving soybeans from a net long to a net short, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday March 7.

The Brazilian government announced late on Thursday March 6 that it has granted import tax exemptions for corn, sunoil and meat, among other products, in an attempt to control the increasing food inflation in the country.

Fastmarkets’ weekly recap of the main movements in global cash markets.

In Argentina, recent widespread rains across the central and southern agricultural regions have improved soybean and corn conditions but delayed the sunflower harvest in the week to Thursday March 6, the Buenos Aires Grains Exchange (BAGE) said in its weekly report released on Friday March 7.

Agricultural commodities giant Bunge Ltd reported its third-quarter financial results on Wednesday October 30, reflecting lower earnings year over year in the context of a tight global margin environment.

Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...

Wilmar International has confirmed one of its terminals was damaged in an "incident" and estimated that it will take up to six months to repair the facilities destroyed after a missile attack on the Ukrainian port of Pivdenny...

The Louis Dreyfus Company (LDC) reported a $60 million loss for 2023 amid the deconsolidation of its Russian business...

Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 2023 financial year...

The agricultural giant Archer Daniels Midland (ADM) has seen its share prices tumble after it said it had placed its Chief Financial...

Brazil's grain and oilseeds producer SLC Agricola, one of the country´s largest agricultural companies, has cut its soybean...

China's average hog price dropped by 1.4% and 36.6% on the week and year last week, respectively...

The imposition of 25% tariffs on Tuesday March 4 on a wide array of Canadian products, including canola seed, oil and meal, will have a devastating and widespread impact on the Canadian canola industry, according to the Canola Council of Canada (CCC) and the Canadian Canola Growers Association (CCGA).

China has suspended the soybean import qualifications of three US exporters, citing phytosanitary issues, according to a notice issued by the General Administration of Customs (GACC) on Tuesday March 4.

China has announced additional tariffs of up to 15% on imports of US goods from March 10 with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday March 4.

Newly appointment US Secretary of Agriculture Brooke Rollins said that reducing the country’s $45.5 billion agriculture trade deficit would be a major focus during her tenure, in remarks to the US Department of Agriculture’s Annual Agricultural Outlook Forum on Friday February 28.

The Ukrainian government has released the minimum export prices for a list of agricultural goods in an official document from the country’s Ministry of Agrarian Policy and Food seen by Fastmarkets on Monday November 11.

India is targeting to boost its domestic edible oil production to 25.45 million tonnes by 2030/31, following the approval of the National Mission on Edible Oils and Oilseeds (NMEO-Oilseeds), the government said in a statement issued in the late evening on Thursday October 3.

India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.

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