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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.
The Russian wheat crop harvest reached 56% complete out of the 29.8 million hectares planned for the 2024/25 campaign in the week ended August 9, according to data seen by Fastmarkets on Monday August 12.
Export inspections of US corn were down by 23% to 974,677 tonnes during the week to Thursday August 8, below market estimates, according to USDA data released on Monday August 12.
Canada’s top crop-growing regions continued to endure crop damage due to insufficient moisture and increasing heat in the week to August 5-6, although recent thunderstorms have provided some relief, as reported in provincial reports collated by Fastmarkets.
Investors in US soybean, corn and wheat contracts slashed short positions in the week to Tuesday August 6, helping to reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 9.
US corn futures moved lower on Friday August 9 ahead of next week's USDA's World Agricultural Supply and Demand Estimates (WASDE) monthly update, which is expected to reflect higher domestic corn crop numbers.
The Russian Ministry of Agriculture has reduced the export duty on wheat and increased it on corn for the week of August 14-20, leaving the duty on barley unchanged, according to data from the official website published on Friday August 9.
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.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Russia’s wheat export volumes from Black Sea ports totaled 886,507 tonnes in the week ended Friday August 9, largely stable from the previous week, a Fastmarkets analysis of port lineup data showed.
Ukraine’s grain exports doubled week on week to 1.2 million tonnes in the week to August 8, according to data from the country’s State Customs Service released on Friday August 9.
South Korean feed importer Major Feedmill Group (MFG) has purchased around 68,000 tonnes of feed corn via a tender which concluded Friday August 9, trade sources have told Fastmarkets.
Total grains and oilseeds exports from Canada in the 2023/24 marketing year amounted to 43.2 million tonnes, a 2.9 million-tonne (6%) decrease from the previous year, with 761,700 tonnes shipped during the week ended July 31, according to data from the Canadian Grain Commission published on Friday August 9.
French soft wheat conditions fell by 2 percentage points week on week to August 5, according to a weekly report released by farm agency FranceAgriMer on Friday August 9.
Market participants polled by Fastmarkets ahead of the USDA’s August World Agricultural Supply and Demand Estimates (WASDE) report update on Monday July 12 project that the agency will raise new and old United States corn crop numbers, while slightly lowering global figures.
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.
US corn futures moved lower on Thursday August 8 with rainfall providing drought relief across the country’s Midwest growing areas.
Forecasts of rain will be a key factor to watch for market participants around the globe this week, as well as low temperatures and potential frosts in South America, Fastmarkets heard on Thursday August 8.
Sales of Argentine soybeans and corn rose for the 2024/25 marketing year but fell for 2023/24 in the week to July 31, while wheat sales increased week on week across both crop years, according to data released by Argentina’s agriculture secretariat on Wednesday August 7.
In Ukraine, the early grain crop harvest advanced by another 5 percentage points to 97% complete in the week to Thursday August 8, according to government data.