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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.
Farmers in Canada were expected to harvest more wheat, soybeans and oats in 2024, while the country’s estimated production of canola, corn and barley was down from the figures for 2023, national agency Statistics Canada (StatCan) said in a report published on Thursday December 5.
US weekly corn net sales surged to 1,732,400 tonnes for the 2024/25 crop year in the week to November 28, marking a 63% jump from the previous week and a 4% increase over the prior four-week average, according to the USDA’s latest report released on Thursday December 5.
Sales of both old and new Argentine soybean and wheat crops increased during the week to Wednesday November 27, while corn diverged between market years, according to data released by Argentina’s agriculture secretariat on Wednesday December 04.
Corn markets showed mixed trends across global regions, with CME futures edging lower by midday on Wednesday December 4, while firmer FOB and DAP prices in Ukraine contrasted with softer offers in South America.
US weekly ethanol production decreased by 46,000 barrels per day to 1.073 million bpd in the week to November 29, according to data published by the US Energy Information Administration (EIA) on Wednesday December 4.
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 soybean sowing reached 90% of the projected area of 47.3 million hectares in the week ended December 1, a weekly advance of 6.7 percentage points, Fastmarkets heard.
Brazil’s Mato Grosso agricultural state agency IMEA increased its estimate for the state’s second corn crop area by 0.7% to 6.84 million ha from the previous month’s forecast, and its production output by 0.68% to 45.8 million tonnes, while keeping its estimates for the 2024/25 soybean crop unchanged, IMEA’s weekly report showed on Monday December 2.
US corn futures declined modestly by midday on Tuesday December 3, with global harvest pressure and a rise in speculative short positions weighing on the market.
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.
Sentiment among US agricultural producers jumped in November, with the main driver being producers’ confidence in the future, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday December 3.
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.
Speculators in US corn, soybean and wheat contracts accumulated short positions in the week to Tuesday November 26, helping reduce the corn net long position while bolstering soybean and wheat net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 2.
Corn consumed for alcohol and other uses in the US totaled 510 million bushels (12.95 million tonnes) in October, up by 3% from the previous month but down by less than 1% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Monday December 2.
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.
US corn futures were mostly steady on Monday December 2 following Thanksgiving week, and market activity was slow to pick up across the Americas.
Export inspections of US corn for the week ending Thursday November 28, totaled 935,859 tonnes, down by 74,141 tonnes, or 7%, from the 1.01 million tonnes recorded in the prior week, according to US Department of Agriculture data published on Monday December 2.
Activity in the global corn markets remained relatively subdued on Friday November 29, despite traders in the US largely returning to work after a national holiday.