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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.
The US wheat harvest is advancing rapidly under hot and dry weather conditions, with the soft red winter (SRW) harvest wrapping up this week, the latest harvest report from the US Wheat Associates (USWA) showed on Friday June 26.
Soybean futures posted two-digit losses on improved weather conditions forecasts for the US and a strong decline in soyoil futures on Friday July 26.
Vegoils prices were mixed across regions on Friday July 26, with a stronger undertone across commodities in Asia and plummeting soyoil prices in the Americas, while futures on the Chicago Mercantile Exchange dropped steeply due to expectations of lower biofuel demand in the US.
US corn futures trended lower on Friday July 26 on profit-taking, following four consecutive days of support amid dry US weather conditions.
US wheat futures across all three classes continued lower, falling double digits on Friday July 26 due to the advancing US wheat harvest and overall good crop conditions reported by the US Wheat Associates.
Fastmarkets’ weekly recap of the main movements in global cash markets.
South Korean feedmaking association Major Feedmills Group (MFG) has tendered and bought a 60,000 tonne cargo of South American soymeal, sources have told Fastmarkets 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.
Brazil’s Paraná state raised its 2023/24 second corn crop production forecast to 12.96 million tonnes, up from the 12.95 million tonnes in the June, after increasing both its planted area and yield estimates, the state's agricultural agency Deral, said in its monthly report on Thursday July 25.
The Taiwan Flour Mills Association (TFMA) has issued a buy tender looking to secure two cargoes of US wheat for shipment in October, trade sources told Fastmarkets 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.
The USDA attaché in Argentina has projected that the country´s corn output in 2024/25 will total 49 million tonnes, 2 million tonnes lower than USDA estimate, while wheat production was forecast at 18.6 million tonnes, 600,000 tons higher than USDA’s official estimate, according to a report published late on Thursday July 25.
The Wheat Quality Council’s 2024 Hard Red Spring and Durum Wheat Tour in the US concluded on Thursday July 25, revealing that North Dakota is on track to produce record-breaking yields.
Chinese authorities will offer around 980,000 million tonnes of imported soybeans for auction on Wednesday July 31, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday July 26.
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.