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The USDA’s cattle on feed report released on Friday July 19 estimated the number of cattle in the nation’s feedlots at 11.3 million head on July 1, in line with market estimates and 1% above last year’s 11.24 million head.
Fastmarkets’ weekly recap of the main movements in global cash markets.
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.
Russia’s wheat exports from Black Sea ports decreased by 7% from the previous week to 575,560 tonnes in the week ended Friday July 19, a Fastmarkets analysis of port line-up data showed.
The US hard red winter (HRW) harvest is progressing at a rapid pace, while the soft red winter (SRW) harvest is almost complete, the latest harvest report from the US Wheat Associates Extremely (USWA) showed on Friday July 12.
US Gulf corn, wheat and soybean export prices to Mexico rose during May, with wheat having the biggest increase month on month and year on year, a monthly report by the Mexican Agricultural and Fisheries Information Service (SIAP) showed on Friday July 19.
Prices for old and new harvest sunflower oil in European and Black Sea ports are rising under the pressure of talks of a decrease in sunflower crop in the Black Sea region and the European Union in the 2024/25 season, while low sunflower stocks limit supply for July-August deliveries.
The Russian government has lowered the wheat export tax for the week of July 24-30 after little support seen last week, while the corn and barley taxes stayed at zero, an official update from the agriculture ministry showed on Friday July 19.
Tunisia’s state grain importer has purchased 100,000 tonnes of feed barley for shipment in early August to mid-September, market participants told Fastmarkets.
Extremely hot and dry weather in the Black Sea area has also hit Ukrainian growing regions, leading to a 15% drop in corn production forecasts for the 2024/25 marketing year, with potential further damage yet to be assessed, trade sources have told Fastmarkets.
China’s soyoil inventories were estimated at 1.06 million tonnes in the week ending July 12, or 40,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday July 18 showed.
Ukraine's grain exports fell by 2% to 757,000 tonnes in the week to Thursday July 18, with the increase in wheat volumes failing to offset the drop in corn and barley outflows, according to data from the country’s State Customs Service released on Friday July 19.
French soft wheat conditions continued to deteriorate and were estimated at 52% good to very good in the week to July 15, down by 5 percentage points from the previous week, and compared with 80% at the same time last year, according to a weekly report released by farm agency FranceAgriMer on Friday July 19.
Canada's grain and oilseed exports fell by 22% to 547,000 tonnes in the week to Sunday July 14, with a decrease in the flow of almost all major crops for a second week in a row, according to data from the Canadian Grain Commission published on Friday July 19.
Wheat planting in Argentina for the 2024/25 crop year advanced by 2.1 percentage points to 95% of the projected area of 6.3 million hectares during the week to Wednesday July 17, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday July 18.
Egypt’s GASC purchases 20,000 tonnes of foreign sunflower oil, 28,000 tonnes of domestic soybean oil
Egypt’s state buyer General Authority for Supply Commodities (GASC) purchased 20,000 tonnes of foreign sunflower oil and 28,000 tonnes of domestic soybean oil in a tender closed on Thursday July 18, sources told Fastmarkets.
The International Grains Council (IGC) has increased its world grain production forecast for the 2024/25 marketing year by 8 million tonnes to 2.321 billion tonnes in its latest monthly report, which became a new all-time high, due to better wheat yield prospects and higher US corn harvest estimates.
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.
Soyoil export premiums for short-term loadings have increased in Brazil in the week to Wednesday July 17, and the spread between Brazilian and Argentine soyoil bases widened in the past week amid rising domestic soyoil prices in Brazil.