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Brazil’s soybean 2024/25 soybean crop is expected to reach a record output of 169.9 million tonnes, up by 12% from the 152 million tonnes in the previous marketing year, while corn production was forecast at 134.1 million tonnes, up by 5 million tonnes year on year, local consultancy Céleres said in its first estimate for the new crop on Monday September 2.

Brazil's Rio Grande do Sul soybean production in 2024/25 is expected to rise by 18.59% from the previous crop year to 21.6 million tonnes, while corn production is forecast at 5.3 million tonnes, state agency EMATER/RS said in its first estimate for the new crop year.

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) revised upward its 2024/25 marketing year estimates for Australian wheat crop by 9% and for exports by 5% compared with its previous report.

Algerian state agency ONAB is believed to have bought at least 30,000 tonnes of corn to be sourced from Argentina or Brazil in an international tender launched on Tuesday August 27, trade sources told Fastmarkets on Monday September 2.

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 Russian wheat crop harvest was 68% complete in the week ending Friday August 30, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Monday September 2.

Speculators in the US corn and soybean contracts boosted long positions while trimming short positions in the week to Tuesday August 27, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 30.

Russian wheat exports continued to increase on a weekly basis but still lagged compared with the previous year, a Fastmarkets analysis showed on Friday August 30.

The US hard red winter (HRW) wheat harvest is nearly complete, while the reaping of the nation’s soft white (SW) crop is progressing at a fast pace with favorable weather, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 30.

Fastmarkets’ weekly recap of the main movements in global cash markets.

Taiwanese feed importer MFIG concluded an international buy tender for feed corn on Friday August 30, picking up around 65,000 tonnes of the grain for loading in October-November, sources have told Fastmarkets.

Indonesia has raised it crude palm oil (CPO) reference price for September to $839.53 per tonne, up from $820.11 per tonne in August, the country’s trade ministry announced in a circular issued on Friday August 30.

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.

Ukraine’s grain exports fell by 255,000 tonnes, or 30%, to 599,000 tonnes in the week to Thursday August 29, down from 854,000 tonnes in the week to August 22, according to data from the country’s State Customs Service released on Friday August 30.

The Russian government has again increased the wheat export duty for the September 4-10 period, the country’s agriculture ministry said in an official update on Friday August 30.

Chinese authorities will offer around 330,000 tonnes of imported soybeans for auction on Wednesday September 4, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday August 30.

French soft wheat conditions were improved by two percentage points in the week to August 26, according to a weekly report released by farm agency FranceAgriMer on Friday August 30.

Canada's grain and oilseeds exports fell by 41% week on week in the week ended Sunday August 25, totaling 433,800 tonnes, data from the Canadian Grain Commission released on Friday August 30 shows.

Brazil’s Paraná state is expected to harvest 22.33 million tonnes in the first soybean crop of the 2024/25 marketing year, a 20% increase from the 2023/24 crop, according to a report by state agency Deral on Thursday August 29.

The European Commission expects cereal production for the 2024/25 marketing year to total 264.5 million tonnes, down from an estimated 269.9 million tonnes in the 2023/24 marketing year, it said on Thursday August 29.