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The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
Russia’s weekly wheat export volumes from Black Sea ports fell to 887,440 tonnes in the week to Thursday December 12, down by 6% from 949,088 tonnes the previous week, data from Fastmarkets’ research team showed on Friday December 13.
The Russian government has lowered its export tax on wheat, corn and barley for the period of December 18-24, according to an update from the country’s agriculture ministry on Friday December 13.
Chinese state agencies held an auction for imported soybeans from the country’s reserves on Friday December 13, where 62,224 tonnes of soybeans were offered though no sales were concluded, trade sources have told Fastmarkets.
South Korea’s state-backed Agro-Fisheries & Food Trade Corp has finalized the purchase of approximately 50,000 tonnes of non-genetically-modified (non-GMO) soybeans in an international tender that closed on Friday December 13, European traders have reported.
Ukraine exported 499,000 tonnes of grains during the week ending Thursday December 12, marking a weekly decrease of 375,000 tonnes (43%) compared to the previous week, according to data released by the country’s State Customs Service on Friday December 13.
Canada’s grain and oilseed exports totaled 899,100 tonnes during the week to Sunday December 8, a decrease of 639,900 tonnes, or 42%, from 1.54 million tonnes the previous week, according to data from the Canadian Grain Commission published on Thursday December 12.
In Argentina, recent rainfall during the week to December 11 improved soil moisture, creating better conditions for crop sowing, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday December 12, 2024.
Crude palm oil (CPO) futures rebounded in Malaysia on Thursday December 12 after two consecutive sessions of steep losses, while soyoil futures in Chicago were supported by export demand.
Soybean futures fell on the Chicago Mercantile Exchange on Thursday December 12, pressured by soymeal losses and a higher US dollar index, amid favorable weather and a large crop in South America, despite new US flash sales.
US wheat futures declined on Thursday December 12 after the USDA released weak sales and export numbers and the market met technical resistance.
Weather conditions are forecast to remain mostly beneficial for crops in Brazil and Argentina during the week beginning Thursday December 12, underpinning expectations of good soybean and first corn crop yields.
Global corn futures softened on Thursday December 12; Ukraine FOB levels firmed amid strong domestic demand, while across the Americans prices fell.
The Brazilian Association of Vegetable Oil Industries (Abiove) increased its estimates for Brazil’s soybean output in 2024/25 by 1 million tonnes to 168.7 million tonnes and raised its 2025 soybean export forecast to 104.4 million tonnes, both record volumes, while also elevating its projection for soyoil exports, Abiove’s monthly report showed on Thursday December 12.
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Brazilian food agency Conab has trimmed its estimate for the country's total corn crop in 2024/25 to 119.63 million tonnes while marginally increasing its projection for soybean output to 166.2 million tonnes, its monthly report showed on Thursday December 12.
US soybean net sales plummeted by 49% to 1.17 million tonnes in the week to December 5, from the previous week’s 2.3 million tonnes, and by 42% from the prior four-week average, landing below market projections, weekly data from the USDA showed on Thursday December 12.
Net US soybean oil sales for the 2024/2025 season increased in the week to December 5 to 63,800 tonnes, while exports were down, the USDA reported on Thursday December 12.
Freight rates in the North and South Atlantic have dropped consistently since mid-October and are down by almost 25% year on year. Several factors explain the dramatically weaker rates, including less cargo in the Atlantic, a lack of logistical issues and slower demand from China, Fastmarkets understands.