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Soybean front-month July futures on the Chicago Mercantile Exchange (CME) dropped double digits on Thursday May 9 on positioning ahead of the USDA’s supply and demand report and pressure from product losses.
US and European wheat futures rose on Thursday May 9 after Russia declared a state of emergency in key grain-growing regions due to frosts that have damaged crops this month. Meanwhile, investors took positions before the release of a USDA report on Friday May 10.
US corn futures fell for a third consecutive day on Thursday May 9 ahead of the USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report.
Ukraine’s Ministry of Agriculture has said that the sowing of spring grains in the country was continuing to develop successfully, demonstrating weekly progress for the seven days to Thursday May 9, by 16.3 percentage points.
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The German 12.5% FOB wheat APM basis assessment for June loading was assessed unchanged at a €6 per tonne discount to the September Euronext wheat contract...
The soybean CFR China (Brazil) basis assessment for June loading was assessed unchanged at a premium of 139 cents per bushel to the July CME soybean futures contract...
More rains are forecast for Brazil’s southernmost state of Rio Grande do Sul, potentially worsening the flood-related calamity state.
US net soyoil sales rose by 61% in the week to May 2 after the previous week’s fall and were within expectations, while soybean cake and meal sales increased by 60% week on week, according to data from the US Department of Agriculture released on Thursday May 9.
US soybean net export sales for the 2023/24 crop year were 428,900 tonnes in the week to May 2, up by 4% week on week from 414,000 tonnes, data from the US Department of Agriculture showed on Thursday May 9.
US weekly net sales of corn totaled 889,200 tonnes for the 2023/24 in the week to May 2, up by 17% from the previous week and by 23% from the prior four-week average, according to USDA data released on Thursday May 9.
US weekly net sales of wheat for the 2023/24 crop year totaled 41,100 tonnes in the week to May 2, down “noticeably” from the previous week but up from the prior four-week average, the USDA said on Thursday May 9.
South Korean feed importer Korea Feed Association (KFA) has secured up to 65,000 tonnes of optional origin corn for August 10 arrival from Louis Dreyfus Co (LDC), sources told Fastmarkets on Thursday May 9.
Ukraine's weekly exports of sunflower oil jumped by nearly 39% in the week to Wednesday May 8 from the previous week, while exports of meal and soybeans fell, official data showed on Thursday May 9.
China’s soybean imports in April were reported at 8.57 million tonnes, estimates from the country’s General Administration of Customs (GACC) released Thursday May 9 showed, the highest ever recorded for the month of April.
An additional grain export quota has been allocated to Russian exporters, with Aston taking the biggest share of the available quota...
Sales of Argentine new crop soybean and wheat rose while sales for the old crop dropped in the week to May 2, according to data released by the country’s agriculture secretariat on late Wednesday May 8.
Egypt’s General Authority for Supply Commodities (GASC) has booked 420,000 tonnes of milling wheat for June shipment and is paying $35 per tonne higher compared with the previous tender, sources said late on Wednesday May 8.
South Korean feed importer Korea Feed Association (KFA) has issued a buy tender for up to 69,000 tonnes of optional-origin corn for August-arrival, sources told Fastmarkets on Thursday May 9.
Brazilian soybean exports totaled 13.4 million tonnes in April, down by 4.3% year on year from 14 million tonnes...