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Crude palm oil (CPO) prices in Malaysia fell on Monday December 16 pressured by profit-taking and indications of slower export demand, which contributed to pull soyoil futures lower in Chicago.
US corn futures advanced on Monday December 16 after government data showed that export inspections rose in the previous week, signaling continued strong demand for the country’s crop on global markets.
Wheat futures in Europe and two of three US wheat markets advanced on Monday December 16 on strong demand in importing countries and on continuing concerns over the quality of the Russian crop.
China’s soybean imports for January shipments have been relatively sluggish due to multiple factors including de-risking strategies considering potential tariffs under a second Donald Trump administration in the US and a bumper crop, which is expected to be harvested in South America, sources told Fastmarkets on Monday December 16.
Soybean futures started the week in negative territory on the Chicago Mercantile Exchange, changing directions as US export inspections fell and National Oilseed Processors Association (NOPA) crush figures declined on the month, landing below estimates.
The soybean CFR China (Brazil) basis assessment for February shipment was assessed...
The German 12.5% FOB wheat APM for February loading was assessed at a €11 per tonne premium over the March Euronext contract, with offers received at between €12 per tonne premium above the same contract. No data was excluded.
US soybean crush reached a new record for the month of November at 193.19 million bushels, data released by the National Oilseed Processors Association (NOPA) on Monday December 16 showed.
Export inspections of US corn rose by 6.8% to 1,129,834 tonnes during the week to Thursday December 12, from 1,057,972 tonnes during the previous week, according to USDA data released on Monday December 16.
Winter crops across most of Europe are in fair to good condition, although regions such as Romania, Bulgaria, eastern Ukraine, and European Russia face challenges with underdeveloped crops due to prolonged dry topsoils, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Export inspections of US soybeans were down by 3% to 1.68 million tonnes in the week ending December 12 from the 1.74 million tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday December 16.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Export inspections of US wheat increased by 20% to 298,075 tonnes during the week to Thursday December 12, from 247,954 tonnes the previous week, according to data from the USDA released on Monday December 16.
Malaysia’s palm oil exports fell to 618,434 tonnes in the first half of December - excluding shipments of used cooking oil (UCO), soft oil and coconut oil - according to data from cargo surveyor Intertek Testing Services (ITS).
Saudi Arabia's state grain importer has secured more than it was initially looking for as the agency booked 804,000 tonnes of optional original 12.5% milling wheat in a tender that closed on Friday December 13, an official note on the company’s website shows.
Speculators in the US corn market shed short positions while accumulating longs in the week to Tuesday December 10, sending the net long to the highest level since February 2023, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 13.
The fall of Syrian president Bashar al-Assad’s regime on December 8 after the opposition took control of the country has raised questions about future import policies and temporarily halted import trade, sources told Fastmarkets.
Soybean futures went down on the Chicago Mercantile Exchange on Friday December 13, pressured by weakness in soy products and despite new US flash sales. Prospects of good weather in South America and a record crop in Brazil also continued to weigh on prices.
Vegoils futures were mixed across regions on Friday December 13, with Malaysian crude palm oil (CPO) down more than 4% since the beginning of the week while soyoil futures in Chicago fell less steeply during the period, with the gap between the two prices narrowing slightly from the peak reached in the previous week.
Global corn futures continued to decline on Friday December 13; Ukrainian FOB prices were steady to firm, and South American markets highlighted localized demand dynamics and planting progress.