Latest News
Freight rates for vessels carrying palm oil cargoes within Asia held firm in the week to Wednesday November 27, after charterer sentiment remained lackluster amidst tightened tonnage caused by weather woes especially in Northeast Asia.
China’s combined stocks of its three major vegetable oils soybean oil, palm oil and rapeseed oil saw an overall weekly drop in the week to Friday November 22, according to data from the China National Grain and Oils Information Centre (CNGOIC).
Brazilian grain exporters association Anec has cut its estimates for Brazil’s corn exports in November to 5 million tonnes from the previous 5.56 million tonnes forecast, while reducing its soybean and soymeal shipment estimates for the current month, its weekly report showed on Tuesday November 26.
Soyoil futures in Chicago surged on Tuesday November 26 as prospects of US tariffs on Canadian goods, including canola (rapeseed), underpinned the market, while Asian vegoils were mixed and European rapeseed futures tumbled.
Brazilian soybean sowing reached 83.3% of the projected area of 47.3 million hectares in the week to November 24, a weekly advance of 9.5 percentage points. This surpassed the 75% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report published late on Monday November 25.
Soybean futures fell on the Chicago Mercantile Exchange on Tuesday November 26, pressured by a stronger US Dollar Index after US President-elect Donald Trump vowed to implement trade tariffs on Chinese imports. Favorable crop conditions in South America and weaker soymeal also drove down prices.
US wheat futures declined on Tuesday November 26 after a government report showed that winter wheat crop conditions improved more than expected after rain in recent weeks in prime growing regions in the southern Great Plains.
US corn futures declined on Tuesday November 26 amid the short holiday week following harvest completion the week prior. The drops were capped by a lower US dollar and headlines regarding President-elect Donald Trump’s plans to impose new trade tariffs from January 2025.
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 EU imported a total of 91,201 tonnes of soybeans in the week ended Sunday November 24, pushing the yearly total to 4.95 million tonnes, which is a 7% increase compared with the previous year, based on preliminary data from the European Commission.
The EU's weekly wheat exports reached 238,438 tonnes in the week ended Sunday November 24, according to initial data from the European Commission.
Ukraine's winter grain sowing campaign has paused, reaching 98% complete in the week ended Monday November 25, with 5.06 million hectares of the planned 5.18 million ha for the 2025/26 season sown, according to the Ministry of Agrarian Policy & Food.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the second half of January, trade sources told Fastmarkets on Tuesday November 26.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
The German 12.5% FOB wheat APM for January loading was assessed at a €13 per tonne premium over the March Euronext contract...
Tunisia's state grain importer has issued an international tender to buy 100,000 tonnes of milling wheat and durum wheat for shipment between December and January..
South Korean buyer CJ has purchased around 50,000 tonnes of US milling wheat of various grades via a tender which concluded on Tuesday November 26, trade sources told Fastmarkets.
South Korean feed importer Nonghyup Feed Inc (NOFI) concluded its buy tender for corn on Tuesday 26 November, picking up around 133,000 tonnes of the grain in two consignments, trade sources told Fastmarkets.
Chinese soybean crush volumes in the week to Friday November 22 hit an estimated 1.97 million tonnes, according to the China National Grain and Oils Information Centre (CNGOIC).