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The Turkish government has announced a corn import allowance of 1 million tonnes until June 30, along with relaxing restrictions on wheat imports, Fastmarkets understands.
Brazilian grain exporters’ association Anec has raised its estimates for Brazilian soybean exports in March to 15.56 million tonnes, up from the previous week’s forecast of 15.45 million tonnes, the association’s weekly report showed on Tuesday March 18.
Global corn prices trended lower on Tuesday March 18. Chinese corn imports plummeted, amid expectations of continued low demand from China and ongoing uncertainty regarding trade dynamics.
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.
Mexico has enacted a constitutional reform banning genetically modified (GMO) corn cultivation in the country, according to the government's Official Gazette on Monday, March 17.
The European Union's weekly wheat exports amounted to 131,670 tonnes in the week ending Sunday, March 16, according to initial data from the European Commission.
Chinese imports of corn products fell by 97.1% in first two months of 2025 to 180,000 tonnes, from 6.19 million tonnes in the year-earlier period, according to figures released by the country’s General Administration of Customs (GACC) on Monday March 17.
Brazilian soybean exports reached to 6.8 million tonnes in the first two weeks of March, while corn shipments reached 612,929 tonnes in the same period, customs weekly data showed on Monday March 17.
Global corn markets were mixed on Monday March 17, with US futures holding steady, while Asian prices trended lower. US export inspections fell by 10% but remained within analyst expectations.
Exports of milling wheat from the port of Rouen increased by 181% in the week to Wednesday February 19 to 72,580 tonnes, compared with 25,831 tonnes in the previous week, according to data released by French port operator Haropa on Thursday February 20.
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.
Export inspections of US corn declined by 10% to 1.66 million tonnes in the week ended Thursday March 13, compared with 1.84 million tonnes the previous week, according to USDA data published on Monday March 17.
Ukraine exported 816,000 tonnes of grains during the week ended Sunday March 16, a decrease of 148,000 tonnes, or 15%, from the previous week, according to data released by the country's State Customs Service.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Investors in the US corn markets slashed long positions while amassing shorts in the week to Tuesday March 11, helping trim the net-long to its lowest since early December; meanwhile the soybean net-short declined, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday March 14.
Russia’s agricultural sector is steadily entering into the spring fieldwork phase, with the sowing of cereal and leguminous crops already under way in 20 regions, according to reports by Agriculture Minister Oksana Lut during a Federation Council session on Thursday March 13.
Global futures ended the week mixed on Friday March 14, with US futures declining while Asian futures gained support. Demand remains robust, as evidenced by active flash sales and reported tender activity.
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.
In Argentina, recent widespread rains across the central and southern agricultural regions have caused flooding in some areas in the week to Wednesday March 12, while the northeast remains under drought conditions, the Buenos Aires Grains Exchange (BAGE) said in its weekly report released on Thursday March 13.
Russia has lowered its export duties on wheat, corn and barley for March 19-25, the country’s agriculture ministry said on Friday March 14.