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The European Commission has updated its forecasts for usable cereal production in the EU for the 2024/25 marketing year, reflecting slight adjustments compared with previous estimates and notable differences from the five-year average, Fastmarkets heard on Friday November 29.
Ukraine exported 771,000 tonnes of grains during the week ended Thursday November 28, marking a weekly decrease of 156,000 tonnes (17%) from the previous week, according to data released by the country’s State Customs Service on Friday November 29.
The French corn harvest advanced by 7 percentage points in the week to Monday November 25, with 89% of the total planted area now harvested, according to the latest weekly report from FranceAgriMer.
Canada’s grain and oilseed exports totaled 1.1 million tonnes in the week to Sunday November 24, down by 70,300 tonnes, or 6%, from 1.17 million tonnes a week earlier, according to data published by the Canadian Grain Commission on Friday November 29.
Corn markets globally were slow on Thursday November 28, with the US national holiday taking key participants out of the market along with expected USDA net sales data releases.
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.
Brazil’s southern region is expected to receive heavy rainfall during the week beginning Thursday November 28, which could benefit corn and soybean crops but also delay some late planting and increase the risk of fungal disease.
Brazil’s Paraná state agency Deral has trimmed its estimates for the 2024/25 soybean production to 22.3 million tonnes from the previous 22.4 million tonnes forecast, while slightly reducing its summer corn and wheat output projection, its monthly report showed on Thursday November 28.
France’s 2024 grain corn harvest is forecast to reach 13.9 million tonnes, representing a 10% increase compared to last year, according to the corn growers' association AGPM.
The Ukrainian corn harvest progressed by 1 percentage point to 93% of the total planned area in the week to Thursday November 28, with 24.2 million tonnes brought in from the fields, according to the latest data from the Ministry of Agrarian Policy and Food.
Sales of both old and new Argentine soybean, corn and wheat crop decreased during the week to Wednesday November 20, according to data released by Argentina’s agriculture secretariat on Wednesday November 27.
US corn futures traded sideways on Wednesday November 27 ahead of the long Thanksgiving weekend. The Chicago Mercantile Exchange (CME) will be closed on Thursday November 28 and will reopen on Friday November 29.
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.
South Africa’s Crop Estimates Committee (CEC) has confirmed its final corn production estimate for the 2024 summer crop season in a report released on Wednesday November 27.
Euronext's commitment of traders report in the week to November 22 showed investors cutting their short positions in wheat futures, however the contract remains firmly net-short.
Taiwanese feed importer MFIG has picked up 65,000 tonnes of US-origin corn in a tender that closed on Tuesday November 26, sources told Fastmarkets.
US weekly ethanol production increased by 9,000 barrels per day to 1.119 million bpd in the week to November 22, according to data published by the US Energy Information Administration (EIA) on Wednesday November 27.
Brazilian grain exporters association Anec has cut its estimates for Brazil’s corn exports in November to 5 million tonnes from the previous 5.56 million tonnes forecast, while reducing its soybean and soymeal shipment estimates for the current month, its weekly report showed on Tuesday November 26.
Brazilian soybean sowing reached 83.3% of the projected area of 47.3 million hectares in the week to November 24, a weekly advance of 9.5 percentage points. This surpassed the 75% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report published late on Monday November 25.
US corn futures declined on Tuesday November 26 amid the short holiday week following harvest completion the week prior. The drops were capped by a lower US dollar and headlines regarding President-elect Donald Trump’s plans to impose new trade tariffs from January 2025.