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Improving weather conditions across Australia have pushed wheat output estimates above 30 million tonnes for the 2024/25 marketing year, sources told Fastmarkets on Friday August 16.
Chinese authorities will offer around 450,000 tonnes of imported soybeans for auction on Wednesday August 21, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday August 16.
Ukraine’s grain exports fell by 31% week on week to 813,000 tonnes in the week to August 15, according to data from the country’s State Customs Service released on Friday August 16.
French soft wheat conditions declined by 1 percentage point in the week to August 12, according to a weekly report released by farm agency FranceAgriMer on Friday August 16.
The International Grains Council (IGC) has lowered its world grain production forecast for the 2024/25 marketing year by 6 million tonnes to 2.315 billion tonnes, with the EU accounting for a large portion of the downgrade, according to the council’s latest monthly report.
Western Australian wheat output estimation was revised up by 9% month on month amid continued rain and warm weather conditions in the state, the monthly report from the Grain Industry of Western Australia (GIWA), released on Friday August 16 shows.
Corn harvest in Argentina reached 97.8% of the planted area of 7.6 million hectares in the week to August 14, while wheat conditions declined, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 15.
US soybean crush increased in July 2024, while soybean oil stocks declined, figures from the National Oilseed Processors Association (NOPA) showed on Thursday August 15.
Ukraine’s farmers have reached a landmark stage of the season in the week to Thursday August 15, finishing the harvest of the early group of grains and starting the harvest of sunflowers and soybeans, according to government data.
Forecasts of rain in the prime growing regions of China, Australia and Germany will be a major focus of attention among market participants around the globe this week, as well the prospect of frost in Argentina that could damage wheat, Fastmarkets heard on Thursday August 15.
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.
Sales of Argentine soybeans, corn and wheat rose in both the 2023/24 and 2024/25 marketing years in the week to August 7, according to data released by Argentina’s agriculture secretariat on Wednesday August 14.
The US Department of Agriculture (USDA)’s local attaché in Australia has said that the country’s wheat and barley production is projected to climb in 2024/25, while Australian farmers deal with dramatically different growing conditions depending on location.
Prices for corn and wheat on a delivered at place (DAP) basis in Ukraine's water ports have firmed since July amid a lack of offers and rising concerns over the late crops conditions, as well as farmers’ reluctance to sell volumes at lower prices – all this is at odds with what is happening in international markets, trade sources told Fastmarkets.
US weekly soybean net sales for the 2024/25 crop year reached 1.34 million tonnes in the week to August 8, above the 985,200 tonnes reported last week, the US Department of Agriculture reported on Thursday August 15.
Soybean meal exports from US went down in the week ended August 8 while sales increased, data from the USDA showed on Thursday August 15.
US weekly net sales of wheat for the 2024/25 crop year totaled 399,900 tonnes during the week to August 8, up by 24% from the previous week, but down by 6% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday August 15.
US net sales of corn totaled 120,500 tonnes for the 2023/24 crop year during the week to August 8, down by 75% from the previous week and a new marketing-year low, data released by the USDA showed on Thursday August 15.
Ukraine’s export volumes of oilseeds and their processed products decreased in the week ended August 14, taking into account seasonal factors and lower offers from sellers, according to official data published on Thursday August 15.
Chinese soyoil inventories were estimated at 1.13 million tonnes in the week ended August 9, unchanged from a week earlier, according to figures from the China National Grain and Oils Information Center (CNGOIC) published on Thursday August 15.