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The publication of reports that the Chinese government has asked state-owned importing companies to restrict purchases of barley and sorghum in 2024 could be an attempt to keep import volumes below the levels seen in 2023, and this could also be the case for wheat and corn imports, trade sources told Fastmarkets in the week started Monday September 2.

Export inspections of US wheat rose by 5.2% to 577,944 tonnes during the week to Thursday August 29 from 549,467 tonnes the previous week, according to data from the USDA released on Tuesday September 3.

Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) has issued an international tender for the purchase of 87,660 tonnes of wheat from the US and Canada for loading in October-November, according to an official note published on Tuesday September 3.

Export inspections of US corn were up by 5% to 965,292 tonnes during the week to Thursday August 29, within market estimates, according to USDA data released on Tuesday September 3.

Weekly soybean imports into the EU totaled 161,142 tonnes in the week to Sunday September 1, according to initial data from the European Commission released on Tuesday September 3.

Ukraine's winter grain sowing campaign has officially started, with the planting of winter rapeseed already 36% complete, according to the country's Ministry of Agrarian Policy.

The EU’s weekly wheat exports amounted to 301,963 tonnes in the week ended September 1, according to initial data from the European Commission released on Tuesday September 3.

Feed wheat cargoes have reached price parity with 11.5% protein milling wheat cargoes at the Constanta-Varna-Burgas (CVB) ports on the European Black Sea in a rare market occurrence.

Jordan’s state grain importer has booked 60,000 tonnes of barley for shipment in the first half of October, trade sources told Fastmarkets on Tuesday September 3.

The Ukrainian government has agreed with the grain industry on an export cap for wheat in the 2024/25 marketing year of 16.2 million tonnes, an official note on the agriculture ministry website showed on Tuesday September 3.

Brazil’s soybean 2024/25 soybean crop is expected to reach a record output of 169.9 million tonnes, up by 12% from the 152 million tonnes in the previous marketing year, while corn production was forecast at 134.1 million tonnes, up by 5 million tonnes year on year, local consultancy Céleres said in its first estimate for the new crop on Monday September 2.

Brazil's Rio Grande do Sul soybean production in 2024/25 is expected to rise by 18.59% from the previous crop year to 21.6 million tonnes, while corn production is forecast at 5.3 million tonnes, state agency EMATER/RS said in its first estimate for the new crop year.

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) revised upward its 2024/25 marketing year estimates for Australian wheat crop by 9% and for exports by 5% compared with its previous report.

Algerian state agency ONAB is believed to have bought at least 30,000 tonnes of corn to be sourced from Argentina or Brazil in an international tender launched on Tuesday August 27, trade sources told Fastmarkets on Monday September 2.

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.

The Russian wheat crop harvest was 68% complete in the week ending Friday August 30, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Monday September 2.

Speculators in the US corn and soybean contracts boosted long positions while trimming short positions in the week to Tuesday August 27, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 30.

Russian wheat exports continued to increase on a weekly basis but still lagged compared with the previous year, a Fastmarkets analysis showed on Friday August 30.

The US hard red winter (HRW) wheat harvest is nearly complete, while the reaping of the nation’s soft white (SW) crop is progressing at a fast pace with favorable weather, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 30.

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