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Brazilian food agency Conab has trimmed its estimate for the country's total corn crop in 2024/25 to 119.63 million tonnes while marginally increasing its projection for soybean output to 166.2 million tonnes, its monthly report showed on Thursday December 12.
US soybean net sales plummeted by 49% to 1.17 million tonnes in the week to December 5, from the previous week’s 2.3 million tonnes, and by 42% from the prior four-week average, landing below market projections, weekly data from the USDA showed on Thursday December 12.
Net US soybean oil sales for the 2024/2025 season increased in the week to December 5 to 63,800 tonnes, while exports were down, the USDA reported on Thursday December 12.
Freight rates in the North and South Atlantic have dropped consistently since mid-October and are down by almost 25% year on year. Several factors explain the dramatically weaker rates, including less cargo in the Atlantic, a lack of logistical issues and slower demand from China, Fastmarkets understands.
Ukrainian weekly exports of sunflower oil increased in the period from December 5 to December 11, while exports of sunflower meal, soybeans and rapeseed fell, official data from Ukraine’s Ministry of Agrarian Policy showed on Thursday December 12.
US weekly corn net sales for the 2024/25 crop year totaled 946,900 tonnes in the week to December 5, a 45% drop from the previous week and 32% below the prior four-week average, according to the USDA’s latest report released on Thursday December 12.
US weekly net sales of wheat for the 2024/25 crop year totaled 290,200 tonnes during the week to Thursday December 5, down by 12% from the previous week and by 31% from the prior four-week average, the USDA said on Thursday December 12.
Just two cargoes of milling wheat totalling 43,636 tonnes were exported from Rouen in northern France in the week to December 11, less than a third of the 150,000 tonnes exported in the previous week, according to data released by French port operator Haropa.
Chinese state agencies will hold an auction for imported soybeans on Friday December 13, with around 62,000 tonnes of soybeans on offer, according to an official notification from the National Grain Trade Center (NGTC) on Thursday.
India imported 1.59 million tonnes of edible vegetable oils in November, an increase of 12.4% or 175,691 tonnes from October, reaching a four-month high following a surge in imports of soft oils and amid post-festival season restocking, data released by the Solvent Extractors Association of India (SEA) on Thursday December 12 shows.
China’s inventories of soybean oil and palm oil continued to see a weekly decline in the week to Friday December 6, according to figures from the China National Grain and Oil Information Center (CNGOIC).
Saudi Arabia's state grain importer, the General Food Security Authority (GFSA), has issued a tender for 595,000 tonnes of milling wheat for February-April arrival in its sixth tender of 2025, according to an official note published on Thursday, December 12.
Brazil’s National Energy Policy Council (CNPE) approved a resolution on Tuesday December 10, which establishes minimum targets for the use of waste oils and fats, such as tallow and used cooking oil (UCO), in the production of biodiesel, sustainable aviation fuel (SAF) and green diesel.
Crude palm oil (CPO) futures extended losses on Wednesday December 11, with market sentiment remaining soft following the industry data released the previous day.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean recovered slightly in the week to Wednesday December 11.
Soybean futures rose on the Chicago Mercantile Exchange on Wednesday December 11, driven by rising soyoil and amid strength in crude oil prices after the USDA raised estimates for soybean product exports in its World Agricultural Supply and Demand Estimates (WASDE) report, released on Tuesday December 10.
US corn futures on the Chicago Mercantile Exchange and Dalian prices remained supported on Wednesday December 11 amid good global demand. In the US, Gulf FOB prices eased despite rising ethanol production and lower stocks. In South America, Argentina's offers softened slightly and Brazilian crop progress continues to advance.
US and European wheat futures climbed for a second consecutive day on Wednesday December 11 following the USDA’s reduction of 2024/25 marketing year US ending stocks estimates and EU output projections.
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US weekly ethanol production increased by 5,000 barrels per day to 1.078 million bpd in the week to December 6, according to data published by the US Energy Information Administration (EIA) on Wednesday December 11.