Latest News
Chinese state agencies held an auction for imported soybeans on Friday December 6, where 62,224 tonnes of soybeans were offered for sale, but no sales were concluded, sources have told Fastmarkets.
Ukraine exported 874,000 tonnes of grains in the week ending Thursday December 5, marking a weekly increase of 103,000 tonnes, or 13%, according to data released by the country’s State Customs Service on December 6.
The French soft wheat sowing for the 2025 harvest reached 96% of the planned area by the week ended Monday December 2, up from 93% the preceding week, according to the latest FranceAgriMer report published on Friday December 6.
Canada’s grain and oilseed exports totaled 1.54 million tonnes in the week to Sunday, December 1, up by 437,200 tonnes or 40% from 1.10 million tonnes a week earlier, according to data published by the Canadian Grain Commission on Friday December 6.
Brazilian soybean export estimates are expected to reach 97.1 million tonnes in 2024, below the previous forecast of 98 million tonnes, while corn shipments are projected to reach 37.6 million tonnes, also below the forecast of 39.5 million tonnes from last month, Brazilian grain exporters’ association Anec said in its weekly report on Thursday December 5.
Crude palm oil (CPO) futures in Malaysia reversed losses on Thursday December 5 from the previous day, gathering steam on tight supply prospects and supported soyoil futures on the Chicago Mercantile Exchange.
Global corn prices on the Chicago Mercantile Exchange and the Dalian Commodity Exchange gained ground on Thursday December 5, with robust US export activity, stable South American offers and rising demand in Ukraine supporting FOB and DAP market strength.
Soybean futures went up on the Chicago Mercantile Exchange on Thursday December 5, amid new US export sales. Prices were also supported by a weaker US Dollar Index and a sharp rise in the price of soyoil.
Brazil’s southern regions are forecast to receive significant rainfall in the week beginning Thursday December 5, benefiting first-crop corn and soybean planting.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
The German 12.5% FOB wheat APM for January loading was assessed at an €13 per tonne premium over the March Euronext contract...
US and European wheat futures rose on Thursday December 5 on concerns about the quality of Russian winter wheat and the effect of heavy rain on Australian crops, Fastmarkets heard on Thursday December 5.
Russia’s weekly wheat export volumes from Black Sea ports rose to 949,088 tonnes in the week to December 4, up by 28% from 742,885 tonnes the previous week, data from Fastmarkets’ research team showed on Thursday December 5.
Ukrainian weekly exports of soybeans, rapeseed and processed sunflower products increased from November 28 to December 4, as shown in data published the Ministry of Agrarian Policy on Thursday, December 5.
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.
An official correction has been issued for this report.
Farmers in Canada were expected to harvest more wheat, soybeans and oats in 2024, while the country’s estimated production of canola, corn and barley was down from the figures for 2023, national agency Statistics Canada (StatCan) said in a report published on Thursday December 5.
Net sales of US soyoil fell to 19,500 tonnes in the week ended November 28, down by 84% week on week, but shipments surged after recent strong US sales, the USDA reported on Friday November 29.
US soybean net sales fell by 7% to 2.3 million tonnes in the week to November 28 from the previous week’s 2.5 million tonnes, but up 17% from the prior four-week average and landing at the higher end of market projections, weekly data from the USDA showed on Thursday December 5.
US weekly corn net sales surged to 1,732,400 tonnes for the 2024/25 crop year in the week to November 28, marking a 63% jump from the previous week and a 4% increase over the prior four-week average, according to the USDA’s latest report released on Thursday December 5.