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US corn crop ratings were reported at 65% in good-to-excellent condition in the week to Sunday September 15, exceeding analysts' projections, the USDA’s weekly crop progress report showed on Monday September 16.
US soybean crush volumes in August 2024 fell to 158.01 million bushels, down by close to 25.0 million bu, 13.6%, from the month before, data released by the National Oilseed Processors Association (NOPA) showed on Monday September 16.
The EU’s latest Monitoring Agricultural Resources (MARS) report has forecast that most Ukrainian crop production would be reduced from the volumes seen in 2023 due to a dry summer and the military occupation of eastern parts of the country.
Export inspections of US soybeans were up by 10% to 401,287 tonnes in the week ended September 12, from the 365,003 tonnes recorded a week earlier, data from the US Department of Agriculture (USDA) showed on Monday September 16.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
Export inspections of US wheat slipped by 10.3% to 556,901 tonnes during the week to Thursday September 12, from 620,802 tonnes the previous week, according to data released by the US Department of Agriculture (USDA) on Monday September 16.
Export inspections of US corn were down by 38% to 521,118 tonnes during the week to Thursday September 12, below market estimates, according to US Department of Agriculture data released on Monday September 16.
Torrential rains across central and eastern Europe over the weekend have caused flooding and damage in several countries, most notably Poland and the Czech Republic.
Chinese state agencies will be holding an auction for imported soybeans Thursday September 19, with around 177,000 tonnes of beans to be offered for sale, according to a notice issued by the National Grain Trade Center on September 14.
Canada’s Saskatchewan province led the way in harvest progress, with Manitoba and Alberta not far behind, as reported in provincial reports released September 9-10 and collated by Fastmarkets.
Investors in the US soybean, corn and wheat contracts slashed short positions in the week to Tuesday September 10, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 13.
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Russian wheat exports decreased on a weekly basis, unable to catch up with last year's pace so far, a Fastmarkets analysis showed on Friday September 13.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The US hard red winter (HRW) and soft white (SW) harvests are complete, while the reaping of the hard red spring (HRS) and northern durum is progressing at a fast pace amid favorable conditions, the latest harvest report from the US Wheat Associates (USWA) showed on Friday September 13.
With disruption of the Panama Canal easing, the dry bulk market has been eyeing the possible impact of the improved situation.
The soybean sowed area in Argentina is expected to reach 17.7 million hectares in 2024/25, up by 7.5% from the previous crop year, leading to an expected output of 52 million-53 million tonnes, while the forecast for new crop corn production was increased to 51 million-52 million tonnes, the Rosario Grain Exchange (BCR) said in its monthly report late on Thursday September 12.
Ukraine’s grain export volumes rose to 847,000 tonnes in the week to September 12, up by 315,000 tonnes (59%) from 532,000 tonnes in the preceding seven days, according to data released by the country’s State Customs Service on Friday September 13.
French soft wheat conditions were stable in the week to Monday September 9, according to Friday's weekly report from farm agency FranceAgriMer.