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US weekly net sales of wheat for the 2024/25 crop year totaled 378,200 tonnes during the week to Thursday November 28, up by 3% from the previous week, but down 10% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday December 5.
Nearly 150,000 tonnes of milling wheat were exported from Rouen in the week to Wednesday December 4, according to data released by French port operator Haropa.
Sales of both old and new Argentine soybean and wheat crops increased during the week to Wednesday November 27, while corn diverged between market years, according to data released by Argentina’s agriculture secretariat on Wednesday December 04.
Palm futures in Malaysia and soyoil contracts in Chicago lost momentum on Wednesday November 4 under pressure from profit-taking, an appreciating ringgit and falling crude prices, Fastmarkets heard.
Corn markets showed mixed trends across global regions, with CME futures edging lower by midday on Wednesday December 4, while firmer FOB and DAP prices in Ukraine contrasted with softer offers in South America.
Soybean futures fell on the Chicago Mercantile Exchange on Wednesday December 4, under pressure from lower crude oil and soyoil prices, Fastmarkets has heard.
US and European wheat futures were little changed on Wednesday December 4, with market participants on both sides of the Atlantic awaiting fresh headlines before making sizable bets on movement in either direction.
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 a €13 per tonne premium over the March Euronext contract, with offers received at a €14 per tonne premium above the same contract. No data was excluded.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean remained at recent lows in the week to Wednesday December 4, with a lack of export cargoes and high tonnages continuing to hold rates down, Fastmarkets has heard.
US weekly ethanol production decreased by 46,000 barrels per day to 1.073 million bpd in the week to November 29, according to data published by the US Energy Information Administration (EIA) on Wednesday December 4.
Turkey’s state-backed grains agency TMO cancelled its export tender for durum wheat, passing on bids to buy 100,000 tonnes for January 6-27 loading, trade sources told Fastmarkets on Wednesday December 4.
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.
Thailand’s Feed Millers’ Association (TFMA) has purchased a Panamax cargo of feed wheat at a price around the mid $250s per tonne CFR Liner Out in February, in a tender that closed on Wednesday December 4, trade sources have told Fastmarkets.
China’s combined stocks of its three major edible vegetable oils - soybean oil, rapeseed oil and palm oil - fell for a third week in the period to Friday November 29, according to data from the China National Grain and Oils Information Centre (CNGOIC).
Freight rates for vessels carrying palm oil cargoes within Asia were flat in the week to Wednesday December 4, on unchanged fundamentals with demand from charterers still soft but shipowners still unwilling to lower rates.
Brazilian soybean sowing reached 90% of the projected area of 47.3 million hectares in the week ended December 1, a weekly advance of 6.7 percentage points, Fastmarkets heard.
Soybean futures went up on the Chicago Mercantile Exchange on Tuesday December 3, supported by a drop in the US Dollar Index, a climb in crude oil and derived products and a record US crush in October, which offset downward pressure from rain over Brazil’s main agricultural area.
Brazil’s Mato Grosso agricultural state agency IMEA increased its estimate for the state’s second corn crop area by 0.7% to 6.84 million ha from the previous month’s forecast, and its production output by 0.68% to 45.8 million tonnes, while keeping its estimates for the 2024/25 soybean crop unchanged, IMEA’s weekly report showed on Monday December 2.
US corn futures declined modestly by midday on Tuesday December 3, with global harvest pressure and a rise in speculative short positions weighing on the market.