Market News
The Russian wheat harvest is nearly the halfway point, with 46.4% of the planned area completed, according to data available to Fastmarkets on Friday July 26.
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.
South Africa’s Crop Estimates Committee (CEC) released its sixth production forecast for summer crops in 2024 on Friday July 26.
The Russian government has significantly reduced its wheat export taxes, while the indicative price level has come closer to the levels seen in the physical market, according to an update from the agriculture ministry on Friday July 26.
Russia’s wheat export volumes from Black Sea ports were stable in the week ended Friday July 26 compared with the previous week, at 574,653 tonnes, a Fastmarkets analysis of port line-up data showed.
Ukraine's grain exports rose by 2% week on week to 774,000 tonnes in the week to July 25, with the increase in corn and barley volumes offsetting the drop in wheat outflow, according to data from the country’s State Customs Service released on Friday July 26.
French soft wheat conditions continued to deteriorate and were estimated at 50% good to very good in the week to Monday July 22, down by 2 percentage points from the previous week, and compared with 78% at the same time last year, according to a weekly report released by farm agency FranceAgriMer on Friday July 26.
Canada's grain and oilseed exports rose by 39% to 761,700 tonnes in the week to Sunday July 21, with an increase in the flow of almost all major crops for a third week in a row, while rapeseed exports decreased, according to data from the Canadian Grain Commission published late on Thursday July 25.
Corporate News
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.
European seeds producer KWS reported upbeat results for the nine months of the fiscal year...
A third multinational agriculture business, Louis Dreyfus Company, said Monday it would stop grain export operations from Russia at the start of the new...
Trade sources have expressed mixed views over the news that two major international players would be withdrawing from...
European seeds producer KWS reported upbeat results for the first half of fiscal year 2022-2023, with growth in sales and earnings.
Vitol, one of the world’s biggest independent oil trading houses, is set to return to trading agricultural markets after a six-year...
US-headquartered agricultural commodities trader Bunge is to buy a 49% stake in French grain exporter BZ Group as part of a...
US-based agricultural commodities trader Bunge Limited reported Wednesday lower year-on-year third quarter profits but is raising its full-year profit outlook...
Policy News
The Russian government has changed its tax calculation formula on wheat exports, bringing it down significantly for the July 3-9 period, the country's Ministry of Agriculture said on Friday June 28.
The Russian government has increased the wheat export tax, leaving the corn and barley tariff at zero for June 12-18 period, the country's Ministry of Agriculture reported on its website on Friday June 7.
The Russian government has allocated another 262,000 tonnes of its grain export quota, along with a plan to revise up the basis price for the wheat export duty...
With the war in Ukraine ongoing, the government has started to implement measures to bring more people into the army, with a new law implemented from May 18 that all enlisted men are obligated to renew their data in the defense ministry system...
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.
The Russian government has established an additional 5 million tonne grain export quota, and increased the share that individual exporters...
Russian grain export taxes continued to rise for the upcoming April 3 to 9 period, an official note from the country’s agriculture ministry showed Friday...
The Russian government has allocated the remaining 10% of the 24 million tonne grain export quota for the period February 15-June 30...