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US weekly net sales of wheat for the 2024/25 crop year totaled 549,600 tonnes during the week to November 14, up by 45% from the previous week, the USDA said on Thursday November 21.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
US soybean net sales rose by 20% to 1.86 million tonnes in the week to November 14, from the previous week's 1.5 million tonnes, landing within market projections, while the export pace increased by 5%, weekly data from the USDA showed on Thursday November 21.
South Korean Nonghyup Feed Inc (NOFI) purchased a 66,000-tonnes corn cargo in a private deal on Wednesday November 21, while MFG was seen in the market trying to secure a similarly priced cargo on Thursday but did not succeed, sourced told Fastmarkets.
Indonesia’s palm oil exports totaled 1.86 million tonnes in September, down 22% from 2.38 million tonnes in August, according to the latest data published by the Indonesian Palm Oil Association (Gapki) on Thursday November 21.
With much of Brazil out on a national holiday, activity across the soybean market was quieter as markets reached midweek, but the complex continued to be shaken by geopolitical headlines amid fears of further escalations in the Black Sea.
US wheat futures were supported on Wednesday November 20 for a third consecutive day despite initial softness observed in early trading.
Crude palm oil (CPO) futures active month contract fell to an 11-day low while the wave of profit-taking stretched throughout the day.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean fell to new lows in the week to Wednesday November 20, with exports still not sufficient to absorb tonnage, weighing on rates.
US corn futures moved higher on Wednesday November 20, on tactical buying following weakness in the market the previous day, as the harvest was reported as complete.
Algeria’s Inter-professional Office of Cereals (OAIC) purchased between 165,000 tonnes and up to 350,000 tonnes of durum wheat in a tender closed on Tuesday November 19, according to sources.
Fastmarkets commits to publishing daily 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.
Euronext's commitment of traders report in the week to November 15 showed the net-short position in wheat futures grow by 12% while investors maintained to their bearish views and added to short positions, even as long positions rose slightly.
US weekly ethanol production decreased by 3,000 barrels per day to 1.11 million bpd in the week to Friday November 15, according to data published by the US Energy Information Administration (EIA) on Wednesday November 20.
Agricensus assessed the APM-6 Soybean CFR China price $-/mt on the day...
The German 12.5% FOB wheat APM for January loading was assessed at a €10 per tonne premium over the March Euronext contract...
Market sources suggested that the export duty on sunflower oil from Russia may increase by 200% in December compared with November, and by another 50% in January compared with December, amid a steady increase in prices for vegetable oils, which supports sunflower oil prices.
The Brazilian Association of Vegetable Oil Industries (Abiove) projects Brazilian soybean output to reach 167.7 million tonnes in 2024/25, up by 9.4% on the year, while soybean exports were forecast at 104.1 million tonnes — both record levels — in its first estimate for the new crop year, its monthly report showed on Tuesday November 19.
Brazilian soybean sowing reached 73.8% of the projected area of 47.3 million hectares in the week to November 17, a weekly advance of 7.7 percentage points, and surpassed the 65.4% completion rate from a year earlier, the country’s food agency Conab said in its weekly crop progress report late on Monday November 18.
Asian vegoils futures mostly rose on Tuesday November 19 despite somewhat bearish prospects for crude palm oil (CPO) fundamentals, while in Chicago, soyoil futures dropped further.