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The US soybean crush fell by 11.2% in February to the lowest level since September 2024, data issued by the National Oilseed Processors Association (NOPA) on Monday March 17 showed.
Global corn markets were mixed on Monday March 17, with US futures holding steady, while Asian prices trended lower. US export inspections fell by 10% but remained within analyst expectations.
Exports of milling wheat from the port of Rouen increased by 181% in the week to Wednesday February 19 to 72,580 tonnes, compared with 25,831 tonnes in the previous week, according to data released by French port operator Haropa on Thursday February 20.
Export inspections of US soybeans were down by 24% to 646,667 tonnes during the week to Thursday March 13, from 853,645 tonnes a week earlier, data from the US Department of Agriculture (USDA) showed on Monday March 17.
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 soybean CFR China (Brazil) basis assessment for May shipment was assessed..
Export inspections of US wheat rose by 104% to 492,658 tonnes during the week to Thursday March 13 from 241,646 tonnes the previous week, according to data from the USDA released on Monday March 17.
Export inspections of US corn declined by 10% to 1.66 million tonnes in the week ended Thursday March 13, compared with 1.84 million tonnes the previous week, according to USDA data published on Monday March 17.
Ukraine exported 816,000 tonnes of grains during the week ended Sunday March 16, a decrease of 148,000 tonnes, or 15%, from the previous week, according to data released by the country's State Customs Service.
The Japanese agriculture ministry has issued an international tender to buy 122,456 tonnes of US, Canadian and Australian wheat, according to an official note published by the ministry on Monday March 17.
Brazil’s National Union of Fuel and Lubricant Distribution Companies (Sindicom) filed a request to the National Petroleum, Natural Gas and Biofuels Agency (ANP) on Wednesday March 12 to suspend the mandatory biodiesel blend in diesel for 90 days.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Investors in the US corn markets slashed long positions while amassing shorts in the week to Tuesday March 11, helping trim the net-long to its lowest since early December; meanwhile the soybean net-short declined, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday March 14.
Russia’s agricultural sector is steadily entering into the spring fieldwork phase, with the sowing of cereal and leguminous crops already under way in 20 regions, according to reports by Agriculture Minister Oksana Lut during a Federation Council session on Thursday March 13.
Vegoils markets traded in positive territory on Friday March 14. Crude palm oil (CPO) futures rose for the second day, as continued weakness in the ringgit and gains in related Chinese vegetable oil futures provided support. Meanwhile, soyoil futures also traded higher on the Chicago Mercantile Exchange amid bargain buying and product-spreading dynamics with soymeal.
Soybean futures ended the week in positive territory on the Chicago Mercantile Exchange, following lower output estimates for Argentina, with support from external markets and soyoil gains. Market participants are also adjusting positions ahead of the USDA’s forecast for new crop soybean area in the US, due late in March.
Global futures ended the week mixed on Friday March 14, with US futures declining while Asian futures gained support. Demand remains robust, as evidenced by active flash sales and reported tender activity.
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.
In Argentina, recent widespread rains across the central and southern agricultural regions have caused flooding in some areas in the week to Wednesday March 12, while the northeast remains under drought conditions, the Buenos Aires Grains Exchange (BAGE) said in its weekly report released on Thursday March 13.
US and European wheat futures declined on Friday March 14, with market participants saying that recent gains were overdone given the supply and demand fundamentals, particularly amid concerns about the effect of US tariffs on global trade flows.