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Brazilian soybean sowing reached 96.8% of the projected area of 47.3 million hectares in the week ended Sunday December 15, a weekly advance of 2.7 percentage points. This surpassed the 94.6% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report, published late on Monday December 16.
The European Union's weekly wheat exports amounted to 266,575 tonnes in the week to Sunday December 15, with Egypt taking the lion’s share, according to initial data from the European Commission.
Russia’s grain sector is operated mostly as an oligopoly and, in some places, as a monopoly, according to an investigation into the financial health of the sector led by a government agency reporting to the country’s state parliament (Duma).
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The EU imported a total of 353,873 tonnes of soybeans in the week ended Sunday December 15, pushing the yearly total to 6.27 million tonnes, which represents a 16% increase compared with the previous year, based on preliminary data from the European Commission.
Chinese state agencies will hold an auction for imported soybeans on Friday December 20, where around 44,000 tonnes of soybeans will be offered for sale, according to a notification released by the National Grain Trade Center (NGTC) on Tuesday December 17.
The French Ministry of Agriculture has updated its forecasts for 2024 crop production as of Tuesday December 17, reflecting mixed trends across various crops.
Japan's agriculture ministry has issued an international tender to buy 77,220 tonnes of US and Australian wheat, according to an official note published by the ministry on Tuesday December 17.
South Korean importers returned to the market after a two-week break, with the Feed Leaders Committee (FLC) picking up 66,000 tonnes of optional-origin corn, to arrive on March 15, 2025, in a tender that closed on Tuesday December 17, sources told Fastmarkets.
Algeria's state grain importer, Office Algerien Interprofessionnel des Cereales (OAIC), has issued an international tender looking to buy a nominal 50,000 tonnes of durum wheat for March-April shipment, according to an official document released on Friday December 16.
Malaysia raised its crude palm oil (CPO) reference price for December to 5,001.72 ringgit ($1,141) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday December 17.
China’s soybean crush volume in the week to Friday December 13 reached 1.87 million tonnes, according to figures from the China National Grain and Oils Information Centre (CNGOIC).
Brazilian corn exports amounted to 2.37 million tonnes in the first two weeks of December, while soybean exports advance was slow, with 953,876 tonnes shipped in the first half of the month, customs weekly data showed on Monday December 16.
Crude palm oil (CPO) prices in Malaysia fell on Monday December 16 pressured by profit-taking and indications of slower export demand, which contributed to pull soyoil futures lower in Chicago.
US corn futures advanced on Monday December 16 after government data showed that export inspections rose in the previous week, signaling continued strong demand for the country’s crop on global markets.
Wheat futures in Europe and two of three US wheat markets advanced on Monday December 16 on strong demand in importing countries and on continuing concerns over the quality of the Russian crop.
China’s soybean imports for January shipments have been relatively sluggish due to multiple factors including de-risking strategies considering potential tariffs under a second Donald Trump administration in the US and a bumper crop, which is expected to be harvested in South America, sources told Fastmarkets on Monday December 16.
Soybean futures started the week in negative territory on the Chicago Mercantile Exchange, changing directions as US export inspections fell and National Oilseed Processors Association (NOPA) crush figures declined on the month, landing below estimates.
The soybean CFR China (Brazil) basis assessment for February shipment was assessed...
The German 12.5% FOB wheat APM for February loading was assessed at a €11 per tonne premium over the March Euronext contract, with offers received at between €12 per tonne premium above the same contract. No data was excluded.