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US corn futures on the Chicago Mercantile Exchange continued their downward trend on Wednesday December 18, with global markets exhibiting mixed markets with notable declines in Asia and stable conditions in Ukraine and South America.
US wheat futures declined for a second day on Wednesday December 18 as dollar strength bolstered concern that the country’s grain exports will be less competitive on global markets, while European futures edged higher on speculation about the health and size of the upcoming Russian crop.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean fell in the week to Wednesday December 18, with slow exports continuing to weigh on rates.
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.
France's state-backed farm agency FranceAgriMer has further reduced its forecast for total wheat exports from the country to 9.76 million tonnes from the previous forecast of 9.89 million tonnes, down by 41.3% from the 16.6 million tonnes exported in the 2023/24 marketing year.
US weekly ethanol production increased by 25,000 barrels per day to 1.103 million bpd in the week to Friday December 13, according to data published by the US Energy Information Administration (EIA) on Wednesday December 18.
The US Department of Agriculture’s attaché in Brazil bolstered its estimate for the country’s corn output in the 2024/25 marketing year as yields improve following the El Niño weather phenomenon, which severely impacted the 2023/24 crop.
Jordan’s state grain importer has booked 60,000 tonnes of feed barley for shipment in the second half of February, sources told Fastmarkets on Wednesday December 18.
China imported an estimated 70,000 tonnes of wheat in November, according to data from the country’s General Administration of Customs (GACC) released on Wednesday December 18.
Tunisia's state grain importer has issued an international tender to buy 100,000 tonnes of both milling and durum wheat for shipment between January and February, according to a document seen by Fastmarkets on Wednesday December 18.
Indonesia’s palm oil exports fell by 10% to 2.01 million tonnes in November after hitting a four-month high of 2.23 million tonnes in October, with buying subsiding after the Diwali holiday, according to cargo surveyor Intertek Testing Services (ITS).
Freight rates for vessels carrying palm oil cargoes within Asia were largely unchanged in the week to Wednesday December 18, on unchanged fundamentals, with enquiries remaining limited and tonnage spaces remaining abundant, sources told Fastmarkets.
The Rotterdam delivered palm and coconut oil markets continued to show only limited activity on Tuesday December 17, with a heavy bias toward selling — although there was very little movement in evidence across crude coconut oil (CCNO) and crude palm kernel oil (CPKO).
Crude palm oil (CPO) futures in Malaysia fell on Tuesday December 17 on lower related vegetable oil futures and profit-taking, while soyoil fell sharply on the Chicago Mercantile Exchange amid a technical sell-off movement.
Soybean futures fell on the Chicago Mercantile Exchange on Tuesday December 17, pressured by concerns over a new trade war, rain in Brazil and lower crude and vegetable oils prices. New US flash sales limited the fall.
US and European wheat futures retreated on Tuesday December 17 amid a lack of fresh bullish headlines and as the dollar's strength weighed on US prices.
Brazilian grain exporters association Anec increased its estimates for December soymeal, corn, soybeans and wheat in its weekly report on Tuesday December 17.
US corn futures dipped on Tuesday December 17 as the dollar strengthened against other major currencies, bolstering concern about the competitiveness of the country’s crop exports on global markets.
The soybean CFR China (Brazil) basis assessment for February shipment was assessed...
Black Sea sunflower oil prices have fallen by at least 7% over the past month and continue to decline, weighed down by the increased availability of soybean oil relative to other vegetable oils, weak demand from key buyers amid ample short-term coverage and competitive prices from Russian sellers due to a higher-than-expected sunflower harvest in Russia, as well as the deferred EU Deforestation Regulation policy, which kept the palm oil and soy oil supply unhindered.