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US corn yields were at a record high in 2024 despite a decline in production, while soybean output increased on expanded acreage, according to the USDA’s annual crop production summary report released on Friday January 10.
The US Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report update for January projects lower corn production, usage and ending stocks.
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 Korean feed-making association Major Feedmills Group (MFG) has bought two cargoes of corn after closing out an international buy tender, trade sources told Fastmarkets on Friday January 10.
The pace of Ukrainian grain exports was slowed by the Christmas holiday period and amounted to 881,365 tonnes declared during the first 10 days of January, according to data released by the country’s State Customs Service on Friday January 10.
The Russian government has lowered export taxes for wheat, but rose export taxes for corn and barley for the short period of January 15-21, the country’s agriculture ministry said on Friday January 10.
US weekly corn net sales for the 2024/25 crop year fell to 445,000 tonnes during the week ending January 2, 2025, marking a marketing-year low, according to the USDA’s latest report released on Friday January 10.
Canada’s grain and oilseed exports totaled 683,600 tonnes in the week to January 5, a decrease of 64,400 tonnes, or 9%, from 748,000 tonnes the previous week, according to data from the Canadian Grain Commission published on Friday January 10.
China’s agriculture outlook committee (CAOC) has raised its estimates for the country’s corn production and lowered corn imports for 2024/25 in the latest Chinese Agricultural Supply and Demand Estimates (Casde) report released Friday January 10.
The lack of rain has caused water stress in a significant portion of soybean crops, hindering the end of sowing in the Brazilian state of Rio Grande do Sul, state agency Emater/RS said in its weekly report released on Thursday January 9.
South Korea’s Feed Leaders Committee (FLC) purchased around 65,000-70,000 tonnes of corn in a private deal on Thursday January 9.
Soil moisture conditions continued to decline in soybean, corn and sunflower crops in the week ended January 8, although the majority of the crops remained under optimal to adequate conditions, according to the Buenos Aires Grains Exchange (BAGE) report released on Thursday January 9.
Dry conditions in the US Midwest in the week beginning Thursday January 9 are expected to stress winter wheat crops, with minimal precipitation and existing drought conditions limiting soil moisture.
Corn futures in the US and Asia showed modest gains on Thursday January 9 as South Korean feed buyers boosted demand, while markets awaited the US Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report anticipating lower US and global corn stock forecasts.
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 Korean feed buyers bought more corn and feed wheat in private deals late in the evening on Wednesday January 8.
Global futures in the US and Asia diverged on Wednesday January 8 and prices across the Americas weakened, with the US experiencing lower weekly ethanol consumption, while Brazil held expectations for a recovery in corn exports.
Market participants polled by Fastmarkets on Wednesday January 8, before publication of the USDA’s January World Agricultural Supply and Demand Estimates (WASDE) update report on January 10, expected that the agency would lower its forecast for domestic US corn ending stocks and make a slight reduction to its estimate for global stocks.
Brazilian soybean exports could total as much as 110 million tonnes in 2025, while corn exports could reach 42 million tonnes, as shipments recover from declines in 2024 on larger production volumes, Brazilian grain exporters’ association Anec said in its weekly report on Wednesday January 8.
US weekly ethanol production fell by 9,000 barrels per day to 1.102 million bpd in the week to Friday, January 3, according to data published by the US Energy Information Administration (EIA) on Wednesday, January 8.