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The nearby May corn futures contract declined on Monday May 6 on good planting progress projections and lower weekly inspections, but overall the rest of corn futures held on to gains as weather concerns remain for South America.
The USDA’s attaché in Kazakhstan expects that the country’s wheat production will climb 3.69 million tonnes to 15.8 million tonnes in the 2024/25 marketing year with higher spring moisture supporting crop growth through the summer.
The soybean CFR China (Brazil) basis assessment for June loading was assessed 2 cents per bushel higher at a 142 cents per bushel...
Export inspections of US wheat declined by 36.1% to 321,124 tonnes during the week to May 2 from 502,769 tonnes the previous week, according to data from the USDA released on Monday May 6.
Export inspections of US soybeans were up 26% to 348,654 tonnes in the week ended Thursday May 2, from the 276,092 tonnes recorded a week earlier, data from the USDA showed on Monday May 6.
Weekly export inspections of US corn were down by 1% to 1.28 million tonnes in the week to May 2 from 1.3 million tonnes recorded in the previous week, data from the USDA showed on Monday May 6.
Managed money investors in the US agricultural sector slashed short positions in corn and wheat contracts in the week to Tuesday April 30, helping slash the net short in the markets to multi-month lows, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday May 3.
The late corn harvest is expected to begin in mid-May, two months earlier than usual, in Argentina due to leafhopper-related diseases. As soon as the early corn harvest is completed, the late corn harvest will follow immediately, the Rosario Grains Exchange (BCR) said late on Thursday May 2.
Crude palm oil (CPO) futures slipped marginally on Friday May 3, with the downward pressure from weaker related oils being capped by expectations of lower inventories.
US wheat futures advanced to the highest levels since December on Friday May 3 amid concerns that global supplies will tighten, with dry weather in southern Russia threatening to reduce crop yields.
Soybean futures on the Chicago Mercantile Exchange (CME) rose on Friday May 3, returning to the $12-per-bushel level after a month, due to soymeal gains and growing concerns over floods in Brazil’s Rio Grande do Sul.
Nearby contracts of US corn futures declined on Friday May 3, but overall corn futures held on to gains amid potential planting progress delays in the US and output concerns in South America, with Brazil enduring floods and Argentina output projections decreasing due to leafhoppers and thermo-hydric stress on crops.
The soybean CFR China (Brazil) basis assessment for June loading was assessed 3 c/bu higher...
Losses in soybean production in Brazil’s Rio Grande do Sul are expected to total 1 million-2 million tonnes, sources told Fastmarkets; the state has been facing damages due to floods and landslides since April 29 and will continue to receive large volumes of rain in the next few days.
Russia’s wheat exports from Black Sea ports totaled 969,993 tonnes during the week to Thursday May 2, with Bangladesh overtaking Egypt as the leading destination, Fastmarkets analysis of port line-up data showed on Friday May 3.
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.
Fastmarkets’ weekly recap of the main movements in global cash markets for April 29-May 3.
The April sunflower crush in Ukraine decreased by 2-2.5% compared with the previous month, according to various estimates, contrary to expectations of a more significant decline due to dwindling available sunflower stocks, sources told Fastmarkets.
The Russian government has further reduced the export tax on wheat and barley, leaving the tax on corn at zero, for the period May 8-14, according to an official note from country’s agriculture ministry released on Friday May 3.
The UN's Food and Agriculture Organization Food Price Index (FFPI) rose by 0.3 points in April after significant growth in March on the back of the increased prices of vegoils and cereals, the FAO said on Friday May 3.