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Indonesia has set its crude palm oil (CPO) reference price for December at $1,071.67 per tonne, Indonesia's MInistry of Trade said in an official note on Friday November 29.
The Russian government has continued to raise the export tariffs on wheat and corn, and also increased the tariff on barley for the period December 4-10, while the country’s national currency has lost 9% of its value, an update from the country’s agriculture ministry showed on Friday November 29.
Sunflower seed prices at Ukrainian сrushing plants have fallen by an average of 5% over the past two weeks, after hitting a three-year high in mid-November, sources told Fastmarkets on Friday November 29.
The European Commission has updated its forecasts for usable cereal production in the EU for the 2024/25 marketing year, reflecting slight adjustments compared with previous estimates and notable differences from the five-year average, Fastmarkets heard on Friday November 29.
Turkey’s state-backed grains agency TMO has sold a total of 150,000 tonnes of barley in its export tender that closed on Thursday November 28, sources have told Fastmarkets.
Ukraine exported 771,000 tonnes of grains during the week ended Thursday November 28, marking a weekly decrease of 156,000 tonnes (17%) from the previous week, according to data released by the country’s State Customs Service on Friday November 29.
The French corn harvest advanced by 7 percentage points in the week to Monday November 25, with 89% of the total planted area now harvested, according to the latest weekly report from FranceAgriMer.
Chinese state agencies held an auction for imported soybeans on Friday November 29, where 29,298 tonnes out of the 91,522 tonnes of soybeans offered for sale were traded, sources have told Fastmarkets.
Canada’s grain and oilseed exports totaled 1.1 million tonnes in the week to Sunday November 24, down by 70,300 tonnes, or 6%, from 1.17 million tonnes a week earlier, according to data published by the Canadian Grain Commission on Friday November 29.
The German 12.5% FOB wheat APM for January loading was assessed at an €13 per tonne premium over the March Euronext contract...
The December Euronext wheat contract gave back some of Wednesday's gains on Thursday November 28, falling by €2.75 per tonne on the day to €211.50 ($223.25) per tonne as of 5:31pm Central European Time, while the March contract also moved lower, falling by €0.75 per tonne to €221.75 per tonne.
Corn markets globally were slow on Thursday November 28, with the US national holiday taking key participants out of the market along with expected USDA net sales data releases.
The Chicago Mercantile Exchange was closed on Thursday November 28 in observance of the Thanksgiving holiday in the US.
Crude palm oil (CPO) futures in Malaysia recovered from losses during early trade to extend gains for a fourth consecutive session as continued firmness in related Asian vegoils lent support, while concerns over disruption to fresh fruit bunch harvesting work in peninsular Malaysia amid ongoing heavy rains added to the picture of tighter palm oil supply.
Turkey’s state-backed grain storage and supply agency TMO has issued a second, rare export tender, this time for durum wheat, according to documents seen by Fastmarkets on Thursday November 28.
Fastmarkets has corrected its AG-SYB-0081 Crush Margin Argentina Soy, which was published incorrectly on Wednesday November 13.
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.
A buy tender launched by Mustaqbal Misr, which had presented itself as a new entity of the Egyptian government, has gone unfilled according to trade sources, with some saying that they had not taken the tender seriously amid doubts over the new company and its documentation.
Brazil’s southern region is expected to receive heavy rainfall during the week beginning Thursday November 28, which could benefit corn and soybean crops but also delay some late planting and increase the risk of fungal disease.
Brazil’s Paraná state agency Deral has trimmed its estimates for the 2024/25 soybean production to 22.3 million tonnes from the previous 22.4 million tonnes forecast, while slightly reducing its summer corn and wheat output projection, its monthly report showed on Thursday November 28.