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Russia’s state statistical agency Rosstat has published the preliminary results for the 2024 harvest campaign, pegging the wheat crop at 82.4 million tonnes, an official document from the agency’s website showed on Wednesday December 25.
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.
US weekly net sales of corn totaled 1,711,300 tonnes for the 2024/25 crop year in the week ended Thursday December 19, up by 46% from the previous week and by 64% from the previous four-week average, according to data from the USDA released on Friday December 27.
Brazilian grain exporters association Anec cut its estimates for December soymeal exports but raised its projection for corn, soybeans and wheat shipments in its weekly report published on Tuesday December 26.
US corn futures edged higher on Tuesday December 24 in light trading, as traders squared positions ahead of the Christmas holiday.
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.
Brazilian corn exports amounted to 3.32 million tonnes in the first three weeks of December, while 1.35 million tonnes of soybean were shipped in the same period, customs weekly data showed on Monday December 23.
US corn futures recorded slight gains on Monday December 23, while global markets, including Asia and South America, showed mixed trends.
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 to Ukraine.
Following the ruling by a United States-Mexico-Canada Agreement (USMCA) dispute panel, Mexico is reinforcing its commitment to limiting genetically modified (GM) consumption. Although the panel sided with the US on key points, Mexico has made it clear that its long-term goals for protecting biodiversity and public health remain unchanged.
Brazil’s Paraná state winter corn crop was estimated at 15.54 million tonnes, while soybean production estimate was reduced and summer corn increased, according to the state agency Deral’s report published on Thursday December 19.
Investors in the US corn and soybean markets shed longs positions in the week to Tuesday December 17, helping trim the corn net long, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 20.
Fastmarkets’ weekly recap of the main movements in global cash markets.
US corn futures rose on Friday December 20, supported by steady cash demand.
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.
Argentina’s Secretariat of Agriculture, Livestock and Fisheries (SagyP) increased its soybean sowed area estimate to 18 million hectares, up by 0.6% from the previous month’s 17.9 million ha forecast for the 2024/25 crop, while keeping corn and wheat estimates unchanged, its monthly report showed on Thursday December 19.
Russia's weekly wheat export volumes from Black Sea ports dropped to 469,574 tonnes in the week ended Thursday December 19, down sharply by 47% from 887,440 tonnes the previous week, data from Fastmarkets’ research team showed on Friday December 20.
China imported 2.79 million tonnes of soybeans from the US in November, the highest since January, when imports were 3.33 million tonnes, data from the country’s General Administration of Customs (GACC) showed on Friday December 20.
The Russian government has increased its export tax on wheat, corn and barley for the period of December 25-January 12, the country’s agriculture ministry said in an official update on Friday December 20.