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The total area of corn planted in Argentina for the 2023/24 marketing year amounted to 7.9 million hectares, which represents an increase of 9.1% compared to the five-year average, according to an updated Buenos Aires Grains Exchange (BAGE) report using satellite images that was published on Friday October 4.
The pace of Ukraine’s weekly grain exports was up by 28% week on week and amounted to 985,000 tonnes declared, according to data released by the country’s State Customs Service on Friday October 4.
Canada's grain and oilseed exports declined by 171,100 tonnes, or 17%, in the week ended Sunday September 29, totaling 814,100 tonnes, with canola exports by dropping 62%, according to data from the Canadian Grain Commission released late on Thursday October 3.
The United Nations’ Food and Agriculture Organization (FAO) Food Price Index rose by 3 points from its revised August figures to 124.4 points in September, due to price increases across all commodities in the index, the FAO said on Friday October 4.
French corn conditions were stable in the week to September 30, but the pace of harvest was well behind recent years, according to farm agency FranceAgriMer’s weekly report released on Friday October 4.
Sales of Argentine soybeans and wheat were mixed across marketing years in the week to September 25, while corn sales dropped in both the old and new crops, according to data released by Argentina’s agriculture secretariat on Wednesday October 2.
Corn sowing advanced by 3.2 percentage points to 13.7% of the projected sown area of 6.3 million hectares in the week to Wednesday October 2, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 3.
A prolonged dry spell is expected in the Black Sea region during the week beginning Thursday October 3, potentially affecting the harvest of late crops such as sunflower and corn.
US corn futures fell on Thursday October 3 on profit taking following support received earlier in the week and advancing harvest pressure.
Ukrainian farmers have threshed 7.6 million tonnes of corn, gathered from 1.48 million hectares in the week to Thursday October 3, according to data from the country’s Ministry of Agrarian Policy and Food released on the day.
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US net sales of corn for the 2024/25 crop year totaled 1.68 million tonnes during the week to September 26, above market expectations, according to data released by the USDA on Thursday October 3.
Short-term demand for soymeal might soften in the main origins, market sources said after the European Commission proposed delaying the implementation of the EU Deforestation Regulation (EUDR) to December 30, 2025, for large companies and to June 30, 2026, for micro and small enterprises.
US corn futures remain supported on Wednesday October 2 on strength in the wheat market and raised concerns regarding Mexico's ongoing GMO dispute.
The Russian Union of Grain Exporters (RUSGRAIN Union) is considering approaching the Agriculture Ministry with a proposal to change the procedure for grain export quota distribution for the second half of the marketing year, the union said in a note on its official telegram channel on Wednesday October 2.
Euronext's commitment of traders report in the week to Wednesday October 2 showed a reduction in the net short position of wheat futures after investors added to their existing long positions.
US weekly ethanol production increased by 21,000 barrels per day to 1.015 million bpd in the week ended Friday September 27, according to data published by the US Energy Information Administration (EIA) on Wednesday October 2.
Following Claudia Sheinbaum Pardo's inauguration as President of Mexico, a group of 21 US representatives have written a letter to the US Trade Representative (USTR) and the USDA, urging them to engage with the incoming Mexican administration regarding its ongoing ban on genetically modified (GM) corn.
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.
Brazil’s soybean sowing in the 2024/25 marketing year has reached 2.4% of the projected area of 47.4 million hectares, the country’s food agency Conab said.