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Brazilian soybean sowing reached 53.3% of the projected area of 47.3 million hectares in the week to November 3, a weekly advance of 15 percentage points, and surpassed the 48.4% completion rate from a year earlier, the country’s food agency Conab said in its weekly crop progress report late on Monday November 4.
Vegoil futures fell across most markets and regions on Tuesday November 5 under pressure from profit-taking and while market participants waited for early indications of who may take the lead in the US presidential election.
Soybean futures were up on the Chicago Mercantile Exchange on Tuesday November 5 amid a lower US Dollar Index and stronger crude oil. Market participants were awaiting the results of the US presidential election and the US Federal Reserve's decision on interest rates.
US corn futures trended higher on Tuesday November 5 due to active demand, with gains limited by good harvest pace.
US wheat futures advanced on Tuesday November 5, with traders covering shorts as US voters headed to the polls to decide whether Vice President Kamala Harris or former President Donald Trump will be the country’s next President. Meanwhile, European futures were unchanged.
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The German 12.5% FOB wheat APM for December loading was assessed at an €13 per tonne premium over the December Euronext contract...
The EU imported a total of 46,007 tonnes of soybeans in the week ended Sunday November 3, pushing the yearly total to 4.03 million tonnes, which is a 2% increase compared with the previous year, based on preliminary data from the European Commission.
The European Union's weekly wheat exports amounted to 282,478 tonnes in the week to Sunday November 3, according to initial data from the European Commission released on Tuesday November 5.
Sentiment among US agricultural producers bounced in October, with the main driver of the improvement being an increase in producers’ confidence in the future, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday November 5.
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 5.
Japan's Ministry of Agriculture has issued an international tender for the purchase of 121,790 tonnes of wheat from the US, Canada, and Australia for loading in December-February, an official note published by the ministry on Tuesday November 5 shows.
October sunflower processing in Ukraine increased month on month and year on year, despite a poor sunflower harvest, high costs for the product and complaints from processors of a lack of raw materials and minimal processing margins, sources told Fastmarkets on Tuesday November 5.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
The Egypt’s General Authority of Supply Commodities (GASC) has purchased 290,000 tonnes of milling wheat at $257.34 per tonne FOB and $274.88 per tonne CIF on average, sourced from Ukraine, Bulgaria and Romania in a tender which closed late on Monday November 4, sources told Fastmarkets.
The pace of the US corn harvest exceeded the five-year average and the expectations of market analysts in the week ended November 3, while the condition of the winter wheat crop improved, the US Department of Agriculture’s weekly crop report showed on Monday November 4.
US corn futures trended higher on Monday November 4, with US prices remaining competitive and the Commodity Futures Trading Commission (CFTC) reporting the highest net short level since August 2023 on Friday November 1.
Soybean futures were up on the Chicago Mercantile Exchange on Monday November 4, supported by a weaker US Dollar Index, and an increase in crude oil prices, as market participants adjusted positions ahead of the US presidential elections, and due to new US flash sales.
Asian vegoils futures continued to rise on Monday November 4, while soyoil futures tumbled in Chicago after a sharp three-session gaining streak in the second half of the previous week.
US wheat futures were little changed on Monday November 4 as market participants awaited the release of a USDA report on winter wheat crop conditions after an unexpectedly poor reading last week sent prices soaring.