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South Korean feed importer Nonghyup Feed Inc (NOFI) is in the market for two cargoes of up to 138,000 tonnes of corn for arrival in March via an international buy tender, trade sources told Fastmarkets on Tuesday November 26.
Chinese state agencies will hold an auction for imported soybeans on Friday November 29, where around 73,000 tonnes of soybeans will be offered for sale, according to a note issued by the National Grain Trade Center (NGTC) on Tuesday November 26.
The condition of the US winter wheat crop improved by more than was expected by market analysts in the week ended Sunday November 24, while planting neared completion, the USDA’s weekly crop report showed on Monday November 25.
Soybean futures went up in a volatile session on the Chicago Mercantile Exchange on Monday November 25, partly supported by a lower US dollar and by soymeal gains, with market participants monitoring US export inspections and Brazil’s planting progress.
Brazilian corn exports reached 3.4 million tonnes in the first four weeks of November, while soybean exports amounted to 2.2 million tonnes, customs data showed on Monday November 25.
Asian vegoils edged upward on Monday November 25, while soyoil contracts in Chicago continued to drop, hitting a two-month low due to plunging crude prices.
US and European wheat futures went down on Monday November 25 on an easing in concerns about the Black Sea conflict that helped to bolster prices last week.
US corn futures started the short Thanksgiving holiday week lower on Monday November 25, with losses limited by global buying activity.
Speculators in the US corn market shed short positions, helping send the net long to the highest level since February 2023, while investors added shorts in soybean and wheat contracts in the week to Tuesday November 19, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday November 22.
The duty applied by Russia on sunflower oil exports has risen sharply to its highest point in recent months, while sunflower meal export duty was still significantly elevated, according to an update from the country’s Agriculture Ministry on Monday November 25.
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.
Export inspections of US soybeans were down by 7% to 2.10 million tonnes in the week ended Thursday November 21, from the 2.27 million tonnes recorded a week earlier, data from the USDA showed on Monday November 25.
Dry conditions in most of Europe have benefitted winter rapeseed and cereal sowing for most of Europe, according to the latest EU Monitoring Agricultural Resources (MARS) report.
Export inspections of US wheat increased by 83% to 360,513 tonnes during the week to Thursday November 21, from 196,746 tonnes the previous week, according to data from the US Department of Agriculture (USDA) released on Monday November 25.
Export inspections of US corn for the week ending Thursday November 21 totaled 903,049 tonnes, up by 29,388 tonnes, or 3%, from 873,661 tonnes in the week to November 14, according to US Department of Agriculture data published on Monday November 25.
Six Brazilian agribusiness and food industry organizations have signed a joint statement, seen by Fastmarkets, condemning the decision by French supermarket giant Carrefour to stop buying meat for its French stores from the South American trading bloc, Mercosur.
The German 12.5% FOB wheat APM for January loading was assessed at an €10 per tonne premium over the March Euronext contract...
Russian winter wheat planting advanced by less than 1% during the week ending Friday November 22, with the harvest of grains and oilseeds also slowly progressing to its final stages, according to data seen by Fastmarkets.
Fastmarkets has corrected select forward price months for AG-CRN-0051 Corn CIF Vietnam c$/bu, which were published incorrectly on Thursday November 14.
Argentina’s soybean crush rose by 122.6% year on year in October to 4.14 million tonnes, according to data from the Secretariat of Agriculture, Livestock and Fisheries (SAGyP) released on Thursday October 21.