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On the third day of the Pro Farmer Crop Tour in the US Midwest, the Illinois corn crop yield marked a crop tour record, while the soybean crop reached the third-highest pod count in the tour’s history.
Ukrainian weekly exports of rapeseed increased by 11% week on week in the week to August 21, while exports of sunflower oil and sunflower meal decreased over the period, amid a seasonal suspension of activity, official data published on Thursday August 22 shows.
Wheat exporters loaded just one cargo at Rouen, in northern France, in the week to Wednesday August 21, amounting to a total of 11,500 tonnes bound for Gabon, according to data released by port operator Haropa.
The Ukrainian government is considering the 4.6 million tonne quota for milling wheat exports for the 2024/25 marketing year within the usual memorandum between the state and grain market participants, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting.
Early estimates for French wheat protein content show it dipping below the recent averages, according to French farm office France Agrimer.
The Ukrainian government has adopted a minimum export price policy resolution, but the policy may only come into force a few months later, Taras Vysotsky, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting late on Wednesday August 21.
Sales of Argentine soybeans, corn and wheat fell for both the 2023/24 and 2024/25 marketing years in the week to August 14, according to data released by Argentina’s agriculture secretariat on Wednesday August 21.
Wheat harvesting in the Brazilian state of Paraná advanced by 2 percentage points in the week to Monday August 19, reaching 3% of the projected area of 1.15 million hectares, state agency Deral’s weekly report showed on Tuesday August 20.
Dry bulk freight rates for Panamax vessels continued to fall in the week to Wednesday August 21 amid continued excess tonnage in the Atlantic and lower demand from South America.
The Thai Feed Mill Association (TFMA) returned to the grains market on Wednesday August 21, looking to buy September-loading feed wheat, with trade sources reporting that a purchase had been made around $264 per tonne CIF Line Out.
Tunisia’s state grain importer picked up 75,000 tonnes of soft milling wheat and paid $244.66 per tonne CFR on average for September-October shipment, $0.65 per tonne below its previous tender for August-September delivery, trade sources said on Wednesday August 21.
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 Department of Agriculture (USDA)’s attaché in Kazakhstan expects that the country’s wheat and barley production will jump in the 2024/25 marketing year, but farmers are concerned that a bumper harvest and barriers to trade will lower prices for both grains.
US weekly ethanol production increased by 26,000 barrels per day to 1.098 million bpd in the week ended Friday August 16, according to data published by the US Energy Information Administration (EIA) on Wednesday August 21.
Argentina crushed 4.38 million tonnes of soybeans in July, up by 71.7% from 2.55 million tonnes a year earlier, according to data from the country’s Secretariat of Agriculture, Livestock and Fisheries (SAGyP) released late on Tuesday August 20.
EU crush volumes rebounded in July, rising 9.5% to 3.25 million tonnes after three months of decline since April, data from EU vegetable oil and protein meal association Fediol showed on Wednesday August 21.
On the second day of the Pro Farmer Crop Tour in the US Midwest, Nebraska and Indiana showed improved crop conditions compared with last year, when drought significantly reduced yields. This year, all tour figures from day two were higher across the board.
Turkey is still importing Russian wheat even after a ban came into force in June, sources told Fastmarkets, adding that some trade participants are preparing for a price spike because they anticipate that the ban will be removed.
China’s soybean crush volume in the week ended August 16 was down by 60,000 tonnes compared with the previous week, to 2.02 million tonnes, while the country’s soymeal stocks remained at a record high, figures released by the China National Grain & Oils Information Center (CNGOIC) on Wednesday August 21 show.
Freight rates for vessels carrying palm oil cargoes from Southeast Asia to India fell in the week to Wednesday August 21 on plentiful tonnage and limited fixing of stems.