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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.
A Bulgaria-based agricultural analytics company has warned that Bulgaria and Romania, the biggest grains producers in the EU’s Black Sea region, will show significant reductions in corn and sunflower production in 2024 after prolonged hot, dry weather.
Corn consumed for alcohol and other uses in the US totaled 525 million bushels (13.33 million tonnes) in August 2024, down by 2% from the previous month but up 7% year on year, according to the USDA’s monthly Grain Crushings and Co-Products Production report released on Tuesday October 1.
US corn futures trended higher on Tuesday October 1 on lower-than-expected crop ratings, the announcement of a flash sale and spilled over double-digit strength in the wheat market.
Brazil’s soybean exports totaled 5.5 million tonnes in September 2024, steady compared with the corresponding month last year, while corn exports dropped by 29.2% year on year, Brazilian grain exporters’ association Anec said in its weekly report on Tuesday October 1.
European Union weekly wheat exports totaled 165,745 tonnes in the week to September 29, according to initial data from the European Commission on Tuesday October 1.
US grain markets have shrugged off the first strike by longshoremen in the country since 1977, which has affected operations at 36 ports along the US East and Gulf Coasts on Tuesday October 1.
Sentiment among US agricultural producers declined in September to the weakest barometer reading since March 2016, on producers’ concerns about high input costs combined with weak output prices, according to Purdue University and CME Group’s Ag Economy Barometer survey released on Tuesday October 1.
US corn crop conditions declined slightly in the week ended Sunday September 29, and soybean conditions were unchanged, while the soybean harvest exceeded analysts’ estimates, the USDA’s weekly crop report showed on Monday September 30.
Rain delayed harvest progress but helped replenish soil conditions across Canada's top growing regions, according to provincial reports released September 23-24 and collated by Fastmarkets.
US corn futures remained supported on Monday September 30 amid ongoing logistical concerns related to weather and a potential US East Coast strike beginning on Tuesday October 1, which could affect grain export container business, according to analysts Fastmarkets spoke to.
The USDA’s September quarterly stocks outlook update delivered tighter-than-expected corn and soybean reserves, while wheat stocks were slightly higher than projected by market participants.
Weather extremes have hit winter, barley and corn yields, and thus cut production in Russia, according to the latest EU Monitoring Agricultural Resources (MARS) report.
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.
Turkey's wheat production is projected to remain above the five-year average, despite the challenges arising from extreme summer heat across the country, according to the latest EU Monitoring Agricultural Resources (MARS) report.