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The Turkish government could issue additional corn import quotas under preferential tariffs in January after over two thirds of an earlier short-term quota was filled, with the aim of regulating domestic market prices, sources told Fastmarkets.
The EU’s weekly wheat exports amounted to 233,449 tonnes in the week to Sunday November 17, according to initial data from the European Commission released on Tuesday November 19.
The US corn and soybean harvests are now complete as of the week ended Sunday November 17, according to the USDA’s weekly crop progress report released on Monday November 18.
Brazilian corn exports amounted to 2.8 million tonnes in the first three weeks of November, while soybean shipments totaled 1.5 million tonnes in the same period, customs data showed on Monday November 18.
US corn futures trended higher on Monday November 18 driven by double-digit spillover strength from the wheat market.
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.
Russian winter wheat planting progressed significantly during the week to Monday November 18, while the grain and oilseed harvest moved slowly, already reaching the final stages, according to data seen by Fastmarkets.
Export inspections of US corn for the week ending Thursday November 14 totaled 820,608 metric tonnes, up by 3% from the 797,247 tonnes recorded the previous week, according to USDA data released on Monday November 18.
China imported 250,000 tonnes of corn in October, down from 310,000 tonnes in September, figures from the country’s General Administration of Customs (GACC) showed on Monday November 18.
US corn futures trended higher on Friday November 15 on profit-taking following four consecutive days of declines and on support from global tender buying.
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.
The Russian government raised its tax on wheat exports further for the November 20-26 period while lowering its rates for corn and barley, according to an update from the country’s agriculture ministry on Friday November 15.
Russia's weekly wheat exports from Black Sea ports fell by 65% to 429,271 tonnes in the week ended Thursday November 14, from 1.134 million tonnes a week earlier, Fastmarkets analytic data showed on Friday November 15.
US weekly corn net sales for the 2024/25 crop year totaled 1,315,100 tonnes in the week ended November 7, down by 53% from the previous week, according to data released by the US Department of Agriculture on Friday November 15.
Ukraine exported 949,000 tonnes of grains during the week ended November 14, up by 49,000 tonnes, or 5%, from 900,000 tonnes the previous week, according to data released by the country’s State Customs Service on Friday November 15.
South Korean feed making association Major Feedmills Group (MFG) has secured 67,000 tonnes of US corn and 67,000 tonnes of South American corn after settling its latest buy tender, trade sources told Fastmarkets on Friday November 15.
Canada’s grain and oilseed exports totaled 1.54 million tonnes during the week to Sunday November 10, an increase of 271,900 tonnes (21%) from 1.27 million tonnes the previous week, according to data from the Canadian Grain Commission published on Friday November 15.
The French corn harvest advanced by 13 percentage points in the week to November 11, with 71% of the total planted area now harvested, according to the latest weekly report from the country’s farm office, FranceAgriMer, released on Friday November 15.
The Black Sea region is expected to experience unseasonably warm temperatures during the week beginning Thursday November 14, with highs reaching 25°C. This atypical warmth during late autumn could influence the development of winter wheat and barley crops, potentially affecting their dormancy and growth cycles.