Articles By Masha Belikova
President-elect Donald Trump’s victory in the US could bring different outcomes across the soybean complex. A potential trade war with China could have several impacts on global commodity markets, especially beans, with Chinese demand potentially shifting to other origins such as South America, sources have told Fastmarkets.
Bangladesh’s state buying agency, the Directorate General of Food (DGF) has received four offers in its second tender in 2024/25 marketing year for optional origin 50,000 tonnes milling wheat, with Aston’s origin offer being the cheapest, sources told Fastmarkets on Thursday November 7.
South Korean feed importer Nonghyup Feed Inc (NOFI) has picked up a corn cargo for February 1, 2025, arrival in a tender that closed on Thursday November 7, while rival Feed Leaders Committee (FLC) booked a feed wheat cargo privately for February 20, 2025, arrival, sources told Fastmarkets.
Dry bulk freight rates for Panamax vessels in the Atlantic fell further in the week to Wednesday November 6, as high tonnage availability and slow exports still weighed on rates.
The Egypt’s General Authority of Supply Commodities (GASC) has purchased 290,000 tonnes of milling wheat at $257.34 per tonne FOB and $274.88 per tonne CIF on average, sourced from Ukraine, Bulgaria and Romania in a tender which closed late on Monday November 4, sources told Fastmarkets.
South Korean feed importer Major Feedmill Group (MFG) booked a 66,000-tonne corn cargo in a private deal on Friday November 1, sources told Fastmarkets.
The Egypt’s General Authority of Supply Commodities (GASC) has announced an official wheat tender for the first time in three months, after reported attempts to make a private purchase, sources told Fastmarkets.
The Russian government has further increased its grain export taxes for November 7-12, an update from the country’s agriculture ministry showed on Saturday November 2.
China has returned to the market after a long absence, showing interest in Australian new crop milling wheat, sources told Fastmarkets on Friday November 1.
The European Commission has further reduced its corn production forecast for 2024/25, estimating that Romania’s crop will be the lowest in twelve years, according to its latest report published late on Thursday October 31.
Dry bulk freight rates for Panamax vessels in the Atlantic fell further to new annual lows in the week to Wednesday October 30, as high tonnage availability and weak demand continued to hit the Atlantic freight market, sources told Fastmarkets.
Agriculture exports from Ukraine have fallen since April despite the start of a new marketing year, with new crops entering the market, which has weighed on transshipment costs, sources told Fastmarkets.
Egypt’s Supply Ministry has postponed the delivery of 430,000 tonnes of Russian milling wheat, announced in mid-September for November arrival, local media and Reuters news agency reported on Monday October 28.
The Turkish governmental statistics agency (Turkstat) has released its second estimate for grains and oilseeds production for 2024/25 marketing year, decreasing grain production compared with last year, but increasing oilseed production, an official document showed on Friday October 25.
The Russian government continued to raise the wheat export tax for the October 30-November 5 period, along with increasing the tariff for barley and corn, according to a note published by the country’s agriculture ministry on Friday October 25.
Dry bulk freight rates for Panamax vessels in the Atlantic fell again to reach their lowest levels in a year in the week to Wednesday October 23, with weaker grain exports continuing to weigh on rates.
Winter wheat sowing is continuing across Russia, but early estimates of wheat production in the 2025/26 marketing year have started to appear and were showing a wide range of predictions, with severe drought conditions still a concern, Fastmarkets heard on Tuesday October 22.
Bangladesh's state grain importer, the Directorate General of Food (DGF), has received three offers in its tender for 55,000 tonnes of optional-origin 11.5% milling wheat import, the document seen by Fastmarkets showed on Tuesday October 22.
Australia’s wheat production will increase year on year in the 2024/25 marketing year, according to he latest Rabobank winter crop forecast on Tuesday October 22, while barley and canola are expected to decline.
The Russian Grain Exporters Union has released a list of countries that will be able to receive Russian grains and agricultural products without the use of intermediaries, according to a note published in the group's official telegram channel on Friday October 18.