Market News
Wheat
Fastmarkets’ weekly recap of the main movements in global cash markets.
Russia has lowered its export duties for grains for the February 19-25 period, with the national currency strengthening by at least 6% since February 7 to date, the country’s agriculture ministry said on Friday February 14.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
The Australian wheat harvest officially finished some weeks ago, with the final crop estimates heard in range 31-35 million tonnes, with talk in the market about the wheat quality grades available on the market spreading, and a general idea that there was more lower quality wheat available, Fastmarkets heard on Friday February 14.
The Grain Industry of Western Australia (GIWA) forecast for Western Australia wheat production was revised up by 1.6 million tonnes to 12.45 million tonnes, an increase of 63% or 4.8 million tonnes from the its estimate for the 2023/24 marketing year, according to its final 2024/25 marketing year report published on February 14.
Canada’s weekly grain exports edged lower in the week to Sunday February 9, with declines in durum and wheat offsetting increases in barley and canola shipments, according to the latest data published by the Canadian Grain Commission on Friday February 14.
Ukraine exported 558,000 tonnes of grains in the week ending Thursday February 13, marking a decrease of 367,000 tonnes (40%) from the prior week, according to data released by the country’s State Customs Service on Friday.
French farm agency FranceAgriMer released the first weekly crop report of the 2025 calendar year, showing crop conditions have remained stable in the week to Monday February 10.
Market News
Corn
US President Donald Trump signaled the intention to apply reciprocal tariffs to countries that charge US imports, targeting Brazilian ethanol among other products and countries.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Russia has lowered its export duties for grains for the February 19-25 period, with the national currency strengthening by at least 6% since February 7 to date, the country’s agriculture ministry said on Friday February 14.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Canada’s weekly grain exports edged lower in the week to Sunday February 9, with declines in durum and wheat offsetting increases in barley and canola shipments, according to the latest data published by the Canadian Grain Commission on Friday February 14.
Ukraine exported 558,000 tonnes of grains in the week ending Thursday February 13, marking a decrease of 367,000 tonnes (40%) from the prior week, according to data released by the country’s State Customs Service on Friday.
Russia’s wheat exports from Black Sea ports remained subdued in the week ending Thursday February 13, reaching 365,211 tonnes, which is in line with last week's shipments, according to Fastmarkets analytics data published on Friday.
The Rosario Grain Exchange (BCR) set its first official estimate for Argentina’s soybean output at 47.5 million tonnes, 2.5 million tonnes below last year's 50 million tonnes, while also cutting its corn output forecast by 2 million tonnes to 46 million tonnes due to a heat wave and lack of water in the country, its monthly reported showed on Thursday February 13.
Market News
Soybean
Fastmarkets’ weekly recap of the main movements in global cash markets.
The area under oilseeds in Ukraine and Russia might grow by 11% year on year to 29.1 million hectares in 2025 due to an increase in the area under sunflower in the two countries, while expectations for the distribution of soybean and rapeseed crops were varied, according to Ukrainian analysts and Russian media.
The Rosario Grain Exchange (BCR) set its first official estimate for Argentina’s soybean output at 47.5 million tonnes, 2.5 million tonnes below last year's 50 million tonnes, while also cutting its corn output forecast by 2 million tonnes to 46 million tonnes due to a heat wave and lack of water in the country, its monthly reported showed on Thursday February 13.
Temperatures across key agricultural regions in the United States are forecast to plunge well below average during the week beginning Thursday February 13, posing significant risks to winter wheat and barley crops — particularly in areas lacking adequate snow cover for insulation.
Brazilian food agency Conab has increased its estimate for the country’s total corn crop by 2.1%, to 122 million tonnes, while slightly cutting its projection for the country’s 2024/25 soybean output by 0.2%, to 166 million tonnes, its monthly report showed on Thursday February 13.
US soybean net sales for 2024/25 fell by 52% in the week to February 6 to 185,500 tonnes, from the previous week’s 387,700 tonnes and by 74% the prior four-week average, landing below the market participants’ average expected range of 300,000-800,000 million tonnes, data from the USDA showed on Thursday February 13.
Ukrainian exports of sunflower meal and soybeans increased in the week to Wednesday February 12, while sunflower oil exports decreased, according to data from the country’s Ministry of Agrarian Policy published on Thursday February 13.
Market News
Russia has lowered its export duties for grains for the February 19-25 period, with the national currency strengthening by at least 6% since February 7 to date, the country’s agriculture ministry said on Friday February 14.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
The Grain Industry of Western Australia (GIWA) forecast for Western Australia wheat production was revised up by 1.6 million tonnes to 12.45 million tonnes, an increase of 63% or 4.8 million tonnes from the its estimate for the 2023/24 marketing year, according to its final 2024/25 marketing year report published on February 14.
Canada’s weekly grain exports edged lower in the week to Sunday February 9, with declines in durum and wheat offsetting increases in barley and canola shipments, according to the latest data published by the Canadian Grain Commission on Friday February 14.
Ukraine exported 558,000 tonnes of grains in the week ending Thursday February 13, marking a decrease of 367,000 tonnes (40%) from the prior week, according to data released by the country’s State Customs Service on Friday.
French farm agency FranceAgriMer released the first weekly crop report of the 2025 calendar year, showing crop conditions have remained stable in the week to Monday February 10.
Russia’s wheat exports from Black Sea ports remained subdued in the week ending Thursday February 13, reaching 365,211 tonnes, which is in line with last week's shipments, according to Fastmarkets analytics data published on Friday.
Temperatures across key agricultural regions in the United States are forecast to plunge well below average during the week beginning Thursday February 13, posing significant risks to winter wheat and barley crops — particularly in areas lacking adequate snow cover for insulation.
Market News
Vegoils
Indonesia is expecting its B40 biodiesel program to be fully rolled out in March following some initial delays earlier this year, a senior energy ministry official told local reporters on Friday February 14.
Temperatures across key agricultural regions in the United States are forecast to plunge well below average during the week beginning Thursday February 13, posing significant risks to winter wheat and barley crops — particularly in areas lacking adequate snow cover for insulation.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Brazilian food agency Conab has increased its estimate for the country’s total corn crop by 2.1%, to 122 million tonnes, while slightly cutting its projection for the country’s 2024/25 soybean output by 0.2%, to 166 million tonnes, its monthly report showed on Thursday February 13.
Ukrainian exports of sunflower meal and soybeans increased in the week to Wednesday February 12, while sunflower oil exports decreased, according to data from the country’s Ministry of Agrarian Policy published on Thursday February 13.
The crush margin for soybean processing in Ukraine is at least five times higher than that for sunflower processing, leading to a 48% increase in soybean crushing from September to January of the 2024/25 season compared with the same period last year.
Malaysia’s palm oil exports during February 1-10 totaled 321,710 tonnes compared with 291,048 tonnes a month ago, on higher purchases from key destination markets, according to figures from cargo surveyor Intertek Testing Services.
Market News
Meals
The area under oilseeds in Ukraine and Russia might grow by 11% year on year to 29.1 million hectares in 2025 due to an increase in the area under sunflower in the two countries, while expectations for the distribution of soybean and rapeseed crops were varied, according to Ukrainian analysts and Russian media.
The Grain Industry of Western Australia (GIWA) forecast for Western Australia wheat production was revised up by 1.6 million tonnes to 12.45 million tonnes, an increase of 63% or 4.8 million tonnes from the its estimate for the 2023/24 marketing year, according to its final 2024/25 marketing year report published on February 14.
Canada’s weekly grain exports edged lower in the week to Sunday February 9, with declines in durum and wheat offsetting increases in barley and canola shipments, according to the latest data published by the Canadian Grain Commission on Friday February 14.
Temperatures across key agricultural regions in the United States are forecast to plunge well below average during the week beginning Thursday February 13, posing significant risks to winter wheat and barley crops — particularly in areas lacking adequate snow cover for insulation.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Brazilian food agency Conab has increased its estimate for the country’s total corn crop by 2.1%, to 122 million tonnes, while slightly cutting its projection for the country’s 2024/25 soybean output by 0.2%, to 166 million tonnes, its monthly report showed on Thursday February 13.
Ukrainian exports of sunflower meal and soybeans increased in the week to Wednesday February 12, while sunflower oil exports decreased, according to data from the country’s Ministry of Agrarian Policy published on Thursday February 13.