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Brazil’s Mato Grosso agricultural state agency IMEA increased its estimate for the state’s second corn crop area by 0.7% to 6.84 million ha from the previous month’s forecast, and its production output by 0.68% to 45.8 million tonnes, while keeping its estimates for the 2024/25 soybean crop unchanged, IMEA’s weekly report showed on Monday December 2.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Sentiment among US agricultural producers jumped in November, with the main driver being producers’ confidence in the future, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday December 3.

The European Union's weekly wheat exports amounted to 147,064 tonnes in the week to Sunday December 1, according to initial data from the European Commission.

The EU imported a total of 202,496 tonnes of soybeans in the week ended Sunday December 1, pushing the yearly total to 5.46 million tonnes, which is a 12% increase compared with the previous year, based on preliminary data from the European Commission.

Japan's Ministry of Agriculture has issued an international tender to purchase 111,405 tonnes of wheat from the US, Canada, and Australia for loading in January-March, an official note published by the ministry on Tuesday December 3 shows.

Chinese state agencies will hold an auction for imported soybeans on Friday December 6, where around 62,000 tonnes of soybeans will be offered for sale, according to a note issued by the National Grain Trade Center (NGTC) on Tuesday December 3.

China’s soybean crush volume fell in the week to Friday November 29 to 1.89 million tonnes, according to data from the China National Grain and Oils Information Centre (CNGOIC).

Speculators in US corn, soybean and wheat contracts accumulated short positions in the week to Tuesday November 26, helping reduce the corn net long position while bolstering soybean and wheat net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 2.

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) slightly increased its 2024/25 marketing year forecast for the Australian wheat crop by less than 1%, while raising the export estimate by 5% compared with the previous report.

Corn consumed for alcohol and other uses in the US totaled 510 million bushels (12.95 million tonnes) in October, up by 3% from the previous month but down by less than 1% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Monday December 2.

Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Russian winter wheat planting progressed by less than 1% in the week ending Monday December 2, effectively signaling the completion of sowing, and crop conditions remained near record-low levels, confirming earlier concerns, according to data reviewed by Fastmarkets.

Export inspections of US corn for the week ending Thursday November 28, totaled 935,859 tonnes, down by 74,141 tonnes, or 7%, from the 1.01 million tonnes recorded in the prior week, according to US Department of Agriculture data published on Monday December 2.

Export inspections of US soybeans were down by 1% to 2.09 million tonnes in the week ending November 28, from the 2.12 million tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday December 2.

Export inspections of US wheat decreased by 19% to 296,106 tonnes during the week to Thursday November 28, from 364,783 tonnes the previous week, according to data from the USDA released on Monday December 2.

Brazil is expected to set new records in the 2024/25 crop year, with soybean output projected at 172.2 million tonnes, exports at 103.4 million tonnes and crushing at 56 million tonnes, data from local consultancy Agroconsult showed on Thursday November 28.

Brazilian corn production is expected to reach 132.7 million tonnes in 2024/25, up by 3.5% from the previous year's crop of 128.2 million tonnes, with the second corn crop (safrinha) sowed area projected at 17.8 million hectares, an all-time high, data from local consultancy Agroconsult showed on Thursday November 28.

No fresh trades were reported for crude palm oil (CPO) on Friday November 29, while prices increased further.

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