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24 Jan 2025 | Fastmarkets team
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.
24 Jan 2025
Corn futures eased across major markets ahead of China’s Spring Festival holiday to celebrate the Lunar New Year, while robust US export sales and Argentina’s tax cuts for grain exports were the highlights in global trade developments.
24 Jan 2025 | Fastmarkets team
Fastmarkets’ weekly recap of the main movements in global cash markets.
The Argentine government announced temporary cuts to export taxes, known as retenciones, for soybeans, soymeal, soyoil, sunflower, wheat, corn, sorghum and barley late on Thursday January 23.
24 Jan 2025 | Devora Nedyalkova
Russia lowered its export duties on wheat and corn for January 29-February 4, while the export duty on barley was raised, the country’s agriculture ministry said on Friday January 24.
24 Jan 2025 | Jocelyn Garcia
US weekly corn net sales for the 2024/25 crop year reached 1,661,000 tonnes during the week ended January 16, a sharp increase of 62% from the previous week and 68% above the prior four-week average, according to data released by the USDA on Friday January 24.
24 Jan 2025 | Yana Sukharska
Ukraine exported 1.13 million tonnes of grains during the week ended January 23, up by 213,000 tonnes, or 23%, from the previous week, according to data released by the country’s State Customs Service on Friday January 24.
24 Jan 2025 | Yana Sukharska
Canada’s grain and oilseed exports totaled 906,000 tonnes during the week to January 19, a decrease of 262,500 tonnes, or 22%, from 1.17 million tonnes the previous week, according to data from the Canadian Grain Commission published on Friday January 24.
23 Jan 2025 | Marcela Caetano
Buenos Aires Grains Exchange (BAGE) has cut its estimates for Argentina’s soybean and corn output in 2024/25 due to the dryness in important producing areas of the country.
23 Jan 2025 | Mark Shenk
The USDA’s local attaché in South Africa reduced its projection of the country’s 2024/25 corn harvest on Wednesday January 22 due to a decline in the expected production area, which will lead to a reduction in exports.
Higher corn prices are leading Asia-based importers to switch to buying feed wheat, as the narrowing price differential between the two grains encourages end users to substitute their buying.
23 Jan 2025
Global futures strengthened on Thursday January 23, with gains across key global markets due to higher weekly ethanol consumption in the US and firmer prices in Ukraine and South America amid steady demand.
23 Jan 2025
The cold front expected to arrive in the US on Thursday January 23 will bring frigid temperatures to the Plains and Midwest through Wednesday January 29. Thin snow cover in some areas raises concerns that winter wheat could be exposed to damaging cold.
23 Jan 2025 | Jocelyn Garcia
US weekly ethanol production increased by 4,000 barrels per day to 1.099 million bpd in the week to Friday January 17, according to data published by the US Energy Information Administration (EIA) on Thursday January 23.
23 Jan 2025 | Fastmarkets team
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.
22 Jan 2025
US corn futures softened on Wednesday January 22, with nearby contract prices down by 1%, although tender and sales activity helped to limit further declines.
22 Jan 2025 | Fastmarkets team
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.
22 Jan 2025 | Sam Balf
Euronext's commitment of traders report in the week to Friday January 17 showed an increase in bearish sentiment in wheat futures on the exchange, as the net-short position grew wider over the week.
22 Jan 2025 | Regina Koh
South Korean feed importer Nonghyup Feed Inc (NOFI) has purchased up to 136,000 tonnes of corn and 65,000 tonnes of feed wheat for arrival in April and June via tenders that closed on Wednesday January 22, sources told Fastmarkets.
21 Jan 2025 | Marcela Caetano
Brazilian grain exporters’ association Anec increased its estimate for Brazilian corn, soybean and wheat exports in January its weekly report published on Tuesday January 21.
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