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Sales of both old and new Argentine soybean crops increased during the week to December 11, while corn and wheat diverged between market years, according to data released by Argentina’s agriculture secretariat on Wednesday December 18.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean fell in the week to Wednesday December 18, with slow exports continuing to weigh on rates.
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.
France's state-backed farm agency FranceAgriMer has further reduced its forecast for total wheat exports from the country to 9.76 million tonnes from the previous forecast of 9.89 million tonnes, down by 41.3% from the 16.6 million tonnes exported in the 2023/24 marketing year.
US weekly ethanol production increased by 25,000 barrels per day to 1.103 million bpd in the week to Friday December 13, according to data published by the US Energy Information Administration (EIA) on Wednesday December 18.
The US Department of Agriculture’s attaché in Brazil bolstered its estimate for the country’s corn output in the 2024/25 marketing year as yields improve following the El Niño weather phenomenon, which severely impacted the 2023/24 crop.
Jordan’s state grain importer has booked 60,000 tonnes of feed barley for shipment in the second half of February, sources told Fastmarkets on Wednesday December 18.
China imported an estimated 70,000 tonnes of wheat in November, according to data from the country’s General Administration of Customs (GACC) released on Wednesday December 18.
Tunisia's state grain importer has issued an international tender to buy 100,000 tonnes of both milling and durum wheat for shipment between January and February, according to a document seen by Fastmarkets on Wednesday December 18.
Indonesia’s palm oil exports fell by 10% to 2.01 million tonnes in November after hitting a four-month high of 2.23 million tonnes in October, with buying subsiding after the Diwali holiday, according to cargo surveyor Intertek Testing Services (ITS).
The Rotterdam delivered palm and coconut oil markets continued to show only limited activity on Tuesday December 17, with a heavy bias toward selling — although there was very little movement in evidence across crude coconut oil (CCNO) and crude palm kernel oil (CPKO).
Brazilian grain exporters association Anec increased its estimates for December soymeal, corn, soybeans and wheat in its weekly report on Tuesday December 17.
Black Sea sunflower oil prices have fallen by at least 7% over the past month and continue to decline, weighed down by the increased availability of soybean oil relative to other vegetable oils, weak demand from key buyers amid ample short-term coverage and competitive prices from Russian sellers due to a higher-than-expected sunflower harvest in Russia, as well as the deferred EU Deforestation Regulation policy, which kept the palm oil and soy oil supply unhindered.
Brazilian soybean sowing reached 96.8% of the projected area of 47.3 million hectares in the week ended Sunday December 15, a weekly advance of 2.7 percentage points. This surpassed the 94.6% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report, published late on Monday December 16.
The European Union's weekly wheat exports amounted to 266,575 tonnes in the week to Sunday December 15, with Egypt taking the lion’s share, according to initial data from the European Commission.
Russia’s grain sector is operated mostly as an oligopoly and, in some places, as a monopoly, according to an investigation into the financial health of the sector led by a government agency reporting to the country’s state parliament (Duma).
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 353,873 tonnes of soybeans in the week ended Sunday December 15, pushing the yearly total to 6.27 million tonnes, which represents a 16% increase compared with the previous year, based on preliminary data from the European Commission.
Chinese state agencies will hold an auction for imported soybeans on Friday December 20, where around 44,000 tonnes of soybeans will be offered for sale, according to a notification released by the National Grain Trade Center (NGTC) on Tuesday December 17.
The French Ministry of Agriculture has updated its forecasts for 2024 crop production as of Tuesday December 17, reflecting mixed trends across various crops.