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No purchases were made in China’s latest auction for imported soybeans, which concluded Wednesday May 8, trade sources told Fastmarkets.
Freight rates for vessels carrying palm oil from Southeast Asia to key destinations in the region increased in the week to Wednesday May 8 from the previous week, driven by healthy demand for palm and limited tonnage.
Taiwanese feed production group MFIG concluded its buy tender for optional-origin corn on Wednesday May 8, purchasing around 65,000 tonnes of the grain from trading house Pan Ocean, market sources told Fastmarkets.
The Argentine Oilseed Crushers Union (SOEA) announced late on Tuesday May 7 that the syndicate will call their workers to join a general strike in the country, with the joining of the SOEA scheduled for Thursday May 9, according to a note published by the union.
China’s soybean crush level in the week ended Friday May 3 totaled 1.72 million tonnes, 200,000 tonnes lower from the week prior, figures from the China National Grain and Oil Information Centre (CNGOIC) showed.
Brazil’s soybean harvest advanced by 3.8 percentage points in the week to Sunday May 5th, reaching 94.3% of the 45.2 million hectare projected area, the country’s food agency Conab said late on Monday May 6.
The railroad access to Rio Grande Port, in Brazil’s Rio Grande do Sul, was partially interrupted due to heavy rainfall and flooding affecting the southern state over the past few days...
Second corn crop conditions kept worsening in the Brazilian state of Paraná, while wheat sowing was halted in northern areas due to an ongoing drought, data from state agency Deral showed on Tuesday May 7.
Egypt’s General Authority for Supply Commodities (GASC) is expected to issue a tender to buy wheat on Wednesday May 8, looking for two June shipment windows, trade sources told Fastmarkets late on Tuesday May 7.
Soybean front-month futures on the Chicago Mercantile Exchange (CME) were mostly steady on Tuesday May 7 amid technical pressure, while new crop futures contract rose on slower than expected US planting progress.
Malaysian crude palm oil (CPO) futures rose on Tuesday May 7, tracking similar movements in other vegetable oil futures.
US and European wheat futures retreated from the highest levels of the year on Tuesday May 7, with prices coming against key resistance levels and conditions in US winter wheat growing areas improving.
US corn futures moved lower on Tuesday May 7 due to profit taking, with losses capped by US planting delays.
Second corn crop, safrinha, production estimates at Brazil’s largest agricultural-producing state Mato Grosso were upgraded in May due to favorable yield prospects, the state’s agriculture institute IMEA said in its weekly bulletin late on Monday May 6.
The German 12.5% FOB wheat APM basis assessment for June loading was assessed unchanged at a €4.50 per tonne discount to the September Euronext wheat contract...
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.
Sentiment among US agricultural producers tumbled in April, with monitors of both longer-term and short-term conditions sharply lower, CME Group and Purdue University’s Ag Economy Barometer survey showed Tuesday May 7.
The soybean CFR China (Brazil) basis assessment for June loading was assessed 2 cents per...
Total stocks of major grains like wheat, corn, and soybeans in Canada were down compared with the same period in 2023, while canola and barley increased in the year to March 31, according to data released by the Canadian Grain Commission on on Tuesday May 7.
The Russian government has cut its existing grain export quotas for a number of exporters, including the second largest exporter trading house Rif, according to an official document from the agriculture ministry released on Monday May 6.