Wheat
Market News
Brazilian grain exporters’ association Anec reduced its estimates for December soymeal, corn and soybeans shipments in its weekly report released on Friday January 3.
US weekly net sales of wheat for the 2024/25 crop year totaled 140,600 tonnes in the week ended December 26, a low for the marketing year, Fastmarkets has learned.
Canada’s grain and oilseed exports totaled 748,000 tonnes in the week to Sunday December 29, a down by 566,000 tonnes, or 43%, from the 1,314,000 tonnes shipped in the previous week, according to data from the Canadian Grain Commission published on Friday January 3.
The United Nations Food & Agriculture Organization (FAO) Food Price Index (FFPI) for December decreased by 0.5%, or 0.6 points, month on month in December from November’s 127.6 points, the FAO reported on Friday January 3.
Dry conditions are set to dominate the US Midwest in the week beginning Thursday January 2, raising concerns about winter wheat crops in this critical overwintering period.
The end of the 2024 calendar year means that, for the world’s biggest wheat exporter Russia, the 2024/25 marketing year is now almost halfway through and some big shifts in Russian export dynamics are already becoming obvious, Fastmarkets analysis of Russian export data shows.
Speculators in the US corn and soybean markets shed short positions in the week to Tuesday December 24, while bolstering short positions in the country’s three wheat contracts, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 30.
Global trade for agricultural products through tenders had a significant downturn in 2024, with total volumes falling drastically compared with 2023. The year was marked by economic challenges, geopolitical instability and shifting procurement strategies, which drove tender activity across wheat, corn and barley to new lows.
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
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.
Russia has raised its wheat export duty for September 18-24, after cutting it last week, and reduced its corn export duty, the country's agriculture ministry said in an official update on Friday September 13.
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.
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 Ukrainian government has adopted a minimum export price policy resolution, but the policy may only come into force a few months later, Taras Vysotsky, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting late on Wednesday August 21.