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Brazilian corn exports amounted to 1.7 million tonnes in the first two weeks of November, while soybean shipments totaled 1 million tonnes in the same period, customs data showed on Monday November 11.
Asian futures and European cash prices rose across the vegoils complex on Monday November 11, while soyoil futures in Chicago fell after a three-session gaining streak on the back of weakening crude oil prices.
Soybean futures on the Chicago Mercantile Exchange went down on Monday November 11 after starting the trading session in positive territory, pressured by a stronger US dollar index and a sharp drop in crude oil prices, which put downward pressure on soyoil.
The German 12.5% FOB wheat APM for December loading was assessed at an €15 per tonne premium over the December Euronext contract...
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
The Ukrainian government has released the minimum export prices for a list of agricultural goods in an official document from the country’s Ministry of Agrarian Policy and Food seen by Fastmarkets on Monday November 11.
Fastmarkets invited feedback from the industry on the pricing methodology for several vegoils and meals prices via an open consultation process between October 3 and October 31, 2024. This consultation was done as part of our published annual methodology review process.
US corn futures trended lower on Monday November 11, with the US observing Veteran's Day and market activity being limited.
US wheat futures declined on Monday November 11 after weekend rain in the country’s Great Plains bolstered optimism about the health of newly planted winter wheat.
Brazil’s soymeal exports totaled 2.3 million tonnes in October, up by 24.4% year on year, their highest for October and the third highest in the historical series dating back to 1997, official customs data showed.
The Russian corn harvest progressed by 5 percentage points to 87% of the total planned area in the week ended Monday November 11, according to data seen by Fastmarkets.
A correction has been issued for this report.
Ukraine's winter grain sowing campaign progressed slowly in the final stages, advancing by one percentage point to reach 96% complete in the week ending Monday, November 11, with 5 million hectares of the planned 5.18 million ha for the 2025/26 season sown, according to the Ministry of Agrarian Policy & Food.
Mixed levels of readiness among European member states may hinder the implementation of the European Union Deforestation Regulation (EUDR), according to speakers at the Indonesian Palm Oil Conference (IPOC) 2024, held in Bali last week.
Russia's weekly wheat exports through the Black Sea ports fell by 10% to 1.134 million tonnes in the week ended Monday November 11, down from 1.259 million tonnes a week earlier.
Chinese state agencies will hold an auction for imported soybeans on November 14, where around 90,000 tonnes of beans will be offered for sale, according to a note released by the National Grain Trade Center (NGTC) on Monday November 11.
Malaysia’s palm oil inventories at the end of October recorded a larger-than-expected drop from September to 1.885 million tonnes, or 6.32% lower than September’s 2.01 million tonnes, after a higher-than-anticipated jump in exports, according to data released by the Malaysian Palm Oil Board (MPOB) on Monday November 11.
Soybean futures went up in a volatile session on the Chicago Mercantile Exchange on Friday November 8, after the USDA reduced its estimates for US soybean production and ending stocks below market estimates, while also reducing export and crush projections in its World Agricultural Supply and Demand Estimates (WASDE) report published on Friday.
Vegoils futures continued to rally on Friday November 8, lending support to Chicago soyoil, which was also underpinned by bullish USDA estimates for the soybean complex.