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Market sources estimate the November sunflower crush in Ukraine at the same level as the previous month, with some seeing a significant increase in processing compared with October despite the negative margin. Soybean processing is estimated ambiguously, and rapeseed has fallen, according to sources.
The United Nations Food & Agriculture Organization (FAO) Food Price Index (FFPI) increased by 0.6 points month on month in November, reaching 127.5 points, the FAO said on Friday, December 6.
Chinese state agencies held an auction for imported soybeans on Friday December 6, where 62,224 tonnes of soybeans were offered for sale, but no sales were concluded, sources have told Fastmarkets.
Ukraine exported 874,000 tonnes of grains in the week ending Thursday December 5, marking a weekly increase of 103,000 tonnes, or 13%, according to data released by the country’s State Customs Service on December 6.
The French soft wheat sowing for the 2025 harvest reached 96% of the planned area by the week ended Monday December 2, up from 93% the preceding week, according to the latest FranceAgriMer report published on Friday December 6.
Canada’s grain and oilseed exports totaled 1.54 million tonnes in the week to Sunday, December 1, up by 437,200 tonnes or 40% from 1.10 million tonnes a week earlier, according to data published by the Canadian Grain Commission on Friday December 6.
Brazilian soybean export estimates are expected to reach 97.1 million tonnes in 2024, below the previous forecast of 98 million tonnes, while corn shipments are projected to reach 37.6 million tonnes, also below the forecast of 39.5 million tonnes from last month, Brazilian grain exporters’ association Anec said in its weekly report on Thursday December 5.
Brazil’s southern regions are forecast to receive significant rainfall in the week beginning Thursday December 5, benefiting first-crop corn and soybean planting.
Russia’s weekly wheat export volumes from Black Sea ports rose to 949,088 tonnes in the week to December 4, up by 28% from 742,885 tonnes the previous week, data from Fastmarkets’ research team showed on Thursday December 5.
Ukrainian weekly exports of soybeans, rapeseed and processed sunflower products increased from November 28 to December 4, as shown in data published the Ministry of Agrarian Policy on Thursday, December 5.
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An official correction has been issued for this report.
Farmers in Canada were expected to harvest more wheat, soybeans and oats in 2024, while the country’s estimated production of canola, corn and barley was down from the figures for 2023, national agency Statistics Canada (StatCan) said in a report published on Thursday December 5.
Net sales of US soyoil fell to 19,500 tonnes in the week ended November 28, down by 84% week on week, but shipments surged after recent strong US sales, the USDA reported on Friday November 29.
US soybean net sales fell by 7% to 2.3 million tonnes in the week to November 28 from the previous week’s 2.5 million tonnes, but up 17% from the prior four-week average and landing at the higher end of market projections, weekly data from the USDA showed on Thursday December 5.
US weekly corn net sales surged to 1,732,400 tonnes for the 2024/25 crop year in the week to November 28, marking a 63% jump from the previous week and a 4% increase over the prior four-week average, according to the USDA’s latest report released on Thursday December 5.
US weekly net sales of wheat for the 2024/25 crop year totaled 378,200 tonnes during the week to Thursday November 28, up by 3% from the previous week, but down 10% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday December 5.
Nearly 150,000 tonnes of milling wheat were exported from Rouen in the week to Wednesday December 4, according to data released by French port operator Haropa.
Sales of both old and new Argentine soybean and wheat crops increased during the week to Wednesday November 27, while corn diverged between market years, according to data released by Argentina’s agriculture secretariat on Wednesday December 04.
Dry bulk freight rates for Panamax vessels in the Atlantic Ocean remained at recent lows in the week to Wednesday December 4, with a lack of export cargoes and high tonnages continuing to hold rates down, Fastmarkets has heard.