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In Argentina, the wheat planting on the estimated 6.3 million hectares for the 2024/25 campaign has concluded, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 1.
Corn consumed for alcohol and other uses in the US totaled 495 million bushels (12.57 million tonnes) in June 2024, down by 3% from the previous month and up by less than 1% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Monday August 1.
In Ukraine, the early grain crop harvest was 92% complete in the week to Thursday August 1, according to government data.
In China, heavy precipitation and temperatures are expected through Friday August 7, leading to risks of waterlogging of low-lying farmland and heat damage to crops like cotton.
Rouen milling wheat exports totaled 80,498 tonnes in the week to July 31, up by 121% week on week, according to data released by port operator Haropa.
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US 2023/24 soybean oil exports and sales were down in the week to July 25, the USDA reported on Thursday August 1.
Net sales for the 2023/24 soybean crop rose to 376,400 tonnes in the week to July 25 from 88,600 tonnes the week before, above market expectations, the US Department of Agriculture reported on Thursday August 1.
US weekly net sales of corn totaled 167,900 tonnes for the 2023/24 crop year during the week to July 25, a marketing-year low, according to data released by the US Department of Agriculture (USDA) on Thursday August 1.
US weekly net sales of wheat for the 2024/25 crop year totaled 286,600 tonnes during the week to July 25, down 7% from the previous week and 41% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday August 1.
Ukrainian weekly exports of rapeseed more than doubled week on week in the week to July 31, while exports of sunflower oil also increased over the reporting period, official data published on Thursday August 1 showed.
Chinese soyoil inventories were estimated at 1.1 million tonnes in the week ended July 26, 20,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday August 1 showed.
Brazil's grain exporters association Anec has cut its soybean export estimates for July to 9.4 million tonnes, down from its earlier estimate of 10.4 million tonnes in the previous week, while raising corn exports estimates, according to its latest weekly report on Wednesday July 31.
Sales of Argentine soybeans and corn were higher in the week to July 24, while wheat was mixed across marketing years, according to data released by Argentina’s agriculture secretariat on Wednesday July 31.
Dry bulk freight rates for Panamax-sized vessels eased slightly in the week to Wednesday July 31 in a subdued market.
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.
Euronext’s commitment of traders’ report for the week to Friday July 26 showed a rise in the net short position in wheat futures, with investors continuing to pile larger volumes of short positions onto the exchange.
The output forecast for Ukrainian late crops was revised downward amid dry and hot weather, with expectations for corn and sunflower seeds being the most affected, the Ukrainian Grain Association (UGA) said on Wednesday July 31.
US weekly ethanol production increased by 14,000 barrels per day to 1.109 million bpd in the week ended Friday July 26, according to data published by the US Energy Information Administration (EIA) on Wednesday July 31.
Taiwanese feed importer MFIG concluded its tender for September-October shipment corn, picking up around 65,000 tonnes from trading house ADM on Wednesday July 31, sources told Fastmarkets.