Wheat
Market News
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.
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.
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.
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.
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.
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.
Polish and Baltic 12.5% protein wheat offers rose over the past week to be on par with, or slightly above, those from neighboring Germany.
Wheat
Corporate News
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.
Traders in agricultural derivative instruments will have access to a raft of new “spread” futures contracts that could unlock new trading opportunities as two of the world’s biggest exchanges announced new products on Wednesday August 28.
The “Brooklyn Kyiv” grain terminal at Odesa port in southern Ukraine was damaged by a Russian missile attack late on Wednesday August 14, Louis Dreyfus Co (LDC) told Fastmarkets on Thursday.
Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...
Russian president Vladimir Putin has signed a document that confirms his government has officially seized the assets of Russia-based company Agroterra, wresting control from the company's owner, US-headquartered investment company NCH Capital.
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...
Louis Dreyfus Company (LDC)'s net sales for the first half of the year fell by 14.8% to $25.8 billion from $30.3 billion during the same...
Wheat
Policy News
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 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 Russian government has allocated 8.59 million tonnes of the 10.6 million tonnes wheat export quota for February 15-June 30 period, with Grains Gates taking the lion’s share, according to a document released by the agriculture ministry late on Friday February 7.
Russian government sets tariff-free quotas for agricultural products from Ukrainian occupied regions
Russia has introduced duty-free quotas for exports of grain, vegoil and meal from the Ukrainian occupied territories - or so called “new territories” - including the Donetsk, Luhansk, Zaporizhzhia and Kherson regions, according to an official note on the government’s telegram channel.
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.
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.
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.