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Palm oil exports from Indonesia, the world’s largest producer of palm oil, are expected to post year-on-year declines in 2024-2025 on the back of higher domestic consumption and a mixed outlook for production, a senior official from the Indonesian Palm Oil Association (Gapki) said on Friday November 8.
Ukrainian farmers have threshed 20.24 million tonnes of corn, gathered from 3.34 million hectares in the week to Thursday, November 7, according to data from the country’s Ministry of Agrarian Policy and Food seen by Fastmarkets.
Indian imports of edible oil are expected to fall despite higher consumption of the product due to higher domestic production, the president of the Solvent Extractors Association of India (SEA) said at
the annual Indonesia Palm Oil conference on Friday November 6.
In Argentina, recent rainfall boosted soil moisture in the week to October 6, enhancing conditions for crop sowing, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday October 7.
Dry and unseasonably warm weather in the Black Sea region during the week beginning Thursday November 7 is likely to challenge winter wheat establishment.
Sales of both old and new Argentine soybean crop decreased during the week to October 30, while corn and wheat diverged among different market years, according to data released by Argentina’s agriculture secretariat on Wednesday November 6.
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.
President-elect Donald Trump’s victory in the US could bring different outcomes across the soybean complex. A potential trade war with China could have several impacts on global commodity markets, especially beans, with Chinese demand potentially shifting to other origins such as South America, sources have told Fastmarkets.
Just 7,402 tonnes of milling wheat was exported from Rouen in the week to Wednesday November 6, according to data released by French port operator Haropa.
Bangladesh’s state buying agency, the Directorate General of Food (DGF) has received four offers in its second tender in 2024/25 marketing year for optional origin 50,000 tonnes milling wheat, with Aston’s origin offer being the cheapest, sources told Fastmarkets on Thursday November 7.
US soybean meal sales for the 2024/25 marketing year continued to climb sharply during the week to October 31, data from the US Department of Agriculture (USDA) showed on Thursday November 7.
US weekly soybean net sales for the 2024/25 crop year totaled 2 million tonnes in the week to October 31, down by 10% from 2.27 million tonnes the previous week and landing within market estimates, the USDA reported on Thursday November 7.
US weekly corn net sales for the 2024/25 crop year totaled 2,766,500 tonnes in the week ended October 31, up by 18% from the previous week and from the prior four-week average, according to data from the US Department of Agriculture released on Thursday November 7.
Ukrainian exports of soybeans and processed sunflower products decreased during the week to November 6, while rapeseed exports increased, data from the Ministry of Agrarian Policy showed on Thursday November 7.
US weekly net sales of wheat for the 2024/25 crop year totaled 374,700 tonnes during the week to October 31, down by 9% from the previous week and by 20% from the prior four-week average, the USDA said on Thursday November 7.
South Korean feed importer Nonghyup Feed Inc (NOFI) has picked up a corn cargo for February 1, 2025, arrival in a tender that closed on Thursday November 7, while rival Feed Leaders Committee (FLC) booked a feed wheat cargo privately for February 20, 2025, arrival, sources told Fastmarkets.
South Korean feed importer Nonghyup Feed Inc (NOFI) concluded its feed wheat tender on Thursday November 7, purchasing around 63,000 tonnes of the grain, sources told Fastmarkets.
South Korean feed importer Nonghyup Feed Inc (NOFI) has issued buy tenders for around 60,000 tonnes of January-arrival feed wheat and 138,000 tonnes of February-arrival corn, sources told Fastmarkets on Thursday November 7.
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for November is projected to slightly trim estimates for both domestic and global 2024/25 crop ending stocks, according to analysts polled by Fastmarkets.
The USDA is expected to reduce its US soybean production and yield estimates for the 2024/25 crop year and cut its forecast for both global and US ending stocks in its World Agricultural Supply and Demand Estimates (WASDE) report to be published on November 8, a Fastmarkets poll of eight traders and analysts showed on Wednesday November 6.