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Crude palm oil (CPO) futures in Malaysia fell on Tuesday November 12 across the trading months due to bearish export data, profit-taking and weaknesses across the vegetable oil complex, despite a weaker ringgit.

Soybean futures plunged on the Chicago Mercantile Exchange on Tuesday November 12 after US President-elect Donald Trump announced his nomination to head the US Environmental Protection Agency (EPA) and following updates to California’s Low Carbon Fuel Standard, which led to a sharp drop in soyoil prices.

The French Ministry of Agriculture has raised its forecast for 2024 corn production to 14.62 million tonnes, slightly up from last month’s estimate of 14.47 million tonnes, as reported on Tuesday November 12.

US wheat futures declined on Tuesday November 12 due to expected improved winter wheat conditions and good harvest pace ahead of the USDA's weekly crop report update.

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.

US corn futures trended lower on Tuesday November 12, due to lower weekly inspections and nearly complete harvest work projected, with losses capped by global demand.

Brazilian grain exporters association Anec increased its estimates for corn, soybean and soymeal exports in November, but all projections remained below the same period of last year, its weekly report showed on Tuesday November 12.

Export inspections of US soybeans were down by 1.29% to 2.27 million tonnes in the week ended Thursday November 7, from the 2.3 million tonnes recorded a week earlier, within the range of analysts’ expectations, data from the USDA showed on Monday November 11.

The EU imported a total of 183,862 tonnes of soybeans in the week ended Sunday November 10, pushing the yearly total to 4.43 million tonnes, which is a 7% increase compared with the previous year, based on preliminary data from the European Commission.

Export inspections of US wheat increased by 69% to 347,321 tonnes during the week to Thursday November 7, from 205,798 tonnes in the previous week, according to data from the US Department of Agriculture (USDA) released on Tuesday November 12.

The EU’s weekly wheat exports amounted to 223,323 tonnes in the week to Sunday November 10, according to initial data from the European Commission released on Tuesday November 12.

Export inspections of US corn moved down by 1% to 793,012 tonnes in the week to Thursday November 7, from 797,639 tonnes in the previous week, according to USDA data released on Tuesday November 12.

South Korean feed importer Major Feedmill Group (MFG) purchased a feed wheat cargo for February 25 arrival in a private deal on Monday November 11, sources told Fastmarkets.

Algerian state feed importer ONAB has issued a tender for 240,000 tonnes of corn, sources told Fastmarkets on Tuesday November 12.

The soybean CFR China (Brazil) basis assessment for December shipment was assessed...

The German 12.5% FOB wheat APM for December loading was assessed at a €15 per tonne premium over the December Euronext contract...

Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the first half of February, trade sources told Fastmarkets on Tuesday November 12.

A state auction offering large soybean volumes previously scheduled for Tuesday November 12 has been delayed or canceled in China – although this has not yet been officially announced- sources told Fastmarkets.

Japan's Ministry of Agriculture has issued an international tender for the purchase of 114,403 tonnes of wheat from the US, Canada, and Australia for loading in December-February, an official note published by the ministry on Tuesday November 12 shows.