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Export inspections of US corn for the week ending Thursday November 28, totaled 935,859 tonnes, down by 74,141 tonnes, or 7%, from the 1.01 million tonnes recorded in the prior week, according to US Department of Agriculture data published on Monday, December 2.
Export inspections of US soybeans were down by 1% to 2.09 million tonnes in the week ending November 28, from the 2.12 million tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday December 2.
Export inspections of US wheat decreased by 19% to 296,106 tonnes during the week to Thursday November 28, from 364,783 tonnes the previous week, according to data from the USDA released on Monday December 2.
Brazil is expected to set new records in the 2024/25 crop year, with soybean output projected at 172.2 million tonnes, exports at 103.4 million tonnes and crushing at 56 million tonnes, data from local consultancy Agroconsult showed on Thursday November 28.
Brazilian corn production is expected to reach 132.7 million tonnes in 2024/25, up by 3.5% from the previous year's crop of 128.2 million tonnes, with the second corn crop (safrinha) sowed area projected at 17.8 million hectares, an all-time high, data from local consultancy Agroconsult showed on Thursday November 28.
The return of the US from a national holiday brought some direction back into the market from the three primary US futures contracts on Friday November 29, although each moved in markedly different directions.
Vegoils futures and cash prices jumped across most markets on Friday November 29 amid tighter fundamental prospects in Asia and good export demand for soyoil in the US.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
Soybean futures were broadly unchanged after a volatile session on the Chicago Mercantile Exchange (CME) on Friday November 29. Market participants monitored US strong weekly net sales and projections of a record production for Brazil’s 2024/25 crop year.
Activity in the global corn markets remained relatively subdued on Friday November 29, despite traders in the US largely returning to work after a national holiday.
No fresh trades were reported for crude palm oil (CPO) on Friday November 29, while prices increased further.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The German 12.5% FOB wheat APM for January loading was assessed at a €13 per tonne premium over the March Euronext contract...
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Russia’s customs subcommittee has approved a wheat export quota for the second half of the marketing year – from February 16 to June 30 – of 11 million tonnes, but has not set any quota for barley or corn, essentially meaning that exports of these products will not be possible, Russian news agency Interfax has reported.
Russia’s weekly wheat exports from Black Sea ports dropped to 742,885 tonnes in the week to November 28, down sharply by 32% from 1.1 million tonnes the previous week, data from Fastmarkets’ research team showed on Friday November 29.
US soybean net sales surged by 34% to 2.5 million tonnes in the week to November 21, from the previous week's 1.86 million tonnes, a marketing-year high, landing above market projections, while exports fell by 15%, weekly data from the USDA showed on Friday November 29.
US soyoil net sales rose to 124,800 tonnes in the week to November 21, the highest weekly figure since March 2019 and the sixth highest in the USDA historical data that goes back to 1990, the USDA reported on Friday November 29.
US weekly net sales of wheat for the 2024/25 crop year totaled 366,800 tonnes during the week to November 21, down by 33% from the previous week, the USDA said on Friday November 29.
Weekly net sales data from the USDA has revealed a 29% week-on-week drop in 2024/25 corn sales, with just over 1 million tonnes registered in the week to November 21, according to delayed data released on Friday November 29, 2024.