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US corn futures eased on Thursday January 16, despite strong export sales, improving weather and unchanged drought conditions.
Thailand’s Feed Millers’ Association (TFMA) has reportedly booked up to 180,000 tonnes of feed wheat for May-July shipment in its latest tender, which closed on Wednesday January 15, according to the sources.
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.
The International Grains Council (IGC) has lowered its world grain production forecast by 7 million tonnes to 2.305 billion tonnes for the 2024/25 marketing year, according to the council’s latest monthly report.
Showers are forecast for Argentina in the week beginning Thursday January 16, but volumes should be limited and unevenly distributed, raising pressing concerns for soybean and corn fields in key development stages.
US net soybean meal exports rose in the week to January 9, while domestic sales edged downward to a 2024/25 marketing-year low that fell below analysts’ expectations, data from the US Department of Agriculture (USDA) showed on Thursday January 16.
US weekly corn net sales for the 2024/25 crop year reached 1,024,200 tonnes during the week ended January 9, 2025, a substantial increase from the previous week and in line with the prior four-week average, according to data released by the USDA on Thursday January 16.
Net sales of US soybean rose to 569,100 tonnes during the week to January 9, up by 97% from 288,700 tonnes a week earlier, but 27% lower than the previous four-week average, and within market estimates, US Department of Agriculture (USDA) data showed on Thursday January 16.
Ukrainian weekly sunflower oil exports fell in the week ending Wednesday January 15, while soybean, rapeseed and sunflower meal export orders increased, official data from the Ministry of Agrarian Policy showed on Thursday January 16.
US weekly wheat net sales for the 2024/25 crop year surged to 513,400 tonnes during the week ending Thursday January 9, 2025, a significant rebound from the previous week and 55% above the prior four-week average, according to the USDA’s latest report released on Thursday January 16.
Chinese state agencies will hold the first auction for imported soybeans of the year on January 17, when approximately 46,000 tonnes of soybeans from the country’s reserves will be offered for sale, according to a notice issued by the National Grain Trade Centre (NGTC) late on Wednesday January 15.
Malaysia lowered its crude palm oil (CPO) reference price for February to 4,817.70 ringgit ($1,072) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Thursday January 16.
Soybean futures edged higher in a very volatile session in the Chicago Mercantile Exchange on Wednesday January 15, with market players focusing on the weather in South America and the possible impacts on the market after Donald Trump’s inauguration on Monday January 20.
Vegoils markets were mostly down on Wednesday January 15, except for soyoil on the Chicago Mercantile Exchange, which extended the gains from previous sessions and closed higher following the release of the US crush report by the National Oilseeds Processors Association (NOPA).
Corn futures edged higher on Wednesday January 15, supported by steady gains in global markets, along with active trade in Taiwan and Ukraine.
US wheat futures were mixed for a second day on Wednesday January 15 with traders waiting for fresh agriculture headlines before making significant bets in either direction, even while equity markets jumped and the US dollar declined against its peers.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean eased again in the week to Wednesday January 15, as an increase in available tonnage weighed on rates.
US soybean crush set a new all-time record high in December 2024 at 206.604 million bushels, according to figures released by the National Oilseed Processors Association (NOPA) on Wednesday January 15.
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.
Euronext's commitment of traders report in the week to Friday January 10 shows investors increased their bearish view on wheat futures, raising their net short position to 119,102 lots.