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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 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.
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.
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.
Russia’s customs subcommittee has approved a wheat export quota for the second half of the marketing year – from February 16 to June 30 – of 11 million tonnes, but has not set any quota for barley or corn, essentially meaning that exports of these products will not be possible, Russian news agency Interfax has reported.
Russia’s weekly wheat exports from Black Sea ports dropped to 742,885 tonnes in the week to November 28, down sharply by 32% from 1.1 million tonnes the previous week, data from Fastmarkets’ research team showed on Friday November 29.
The Russian government has continued to raise the export tariffs on wheat and corn, and also increased the tariff on barley for the period December 4-10, while the country’s national currency has lost 9% of its value, an update from the country’s agriculture ministry showed on Friday November 29.
The European Commission has updated its forecasts for usable cereal production in the EU for the 2024/25 marketing year, reflecting slight adjustments compared with previous estimates and notable differences from the five-year average, Fastmarkets heard on Friday November 29.
Turkey’s state-backed grains agency TMO has sold a total of 150,000 tonnes of barley in its export tender that closed on Thursday November 28, sources have told Fastmarkets.
Ukraine exported 771,000 tonnes of grains during the week ended Thursday November 28, marking a weekly decrease of 156,000 tonnes (17%) from the previous week, according to data released by the country’s State Customs Service on Friday November 29.
The French corn harvest advanced by 7 percentage points in the week to Monday November 25, with 89% of the total planted area now harvested, according to the latest weekly report from FranceAgriMer.
Canada’s grain and oilseed exports totaled 1.1 million tonnes in the week to Sunday November 24, down by 70,300 tonnes, or 6%, from 1.17 million tonnes a week earlier, according to data published by the Canadian Grain Commission on Friday November 29.
Turkey’s state-backed grain storage and supply agency TMO has issued a second, rare export tender, this time for durum wheat, according to documents seen by Fastmarkets on Thursday November 28.
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.
Brazil’s southern region is expected to receive heavy rainfall during the week beginning Thursday November 28, which could benefit corn and soybean crops but also delay some late planting and increase the risk of fungal disease.
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.
South Africa’s Crop Estimates Committee (CEC) has confirmed its final corn production estimate for the 2024 summer crop season in a report released on Wednesday November 27.
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.
The EU's weekly wheat exports reached 238,438 tonnes in the week ended Sunday November 24, according to initial data from the European Commission.