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The US Grains Council is expanding its focus on ethanol market development, the organization's President and CEO Ryan LeGrand said at the 30th annual National Ethanol Conference which was held from February 17-19.
Brazilian grain exporters’ association Anec reduced its estimates for Brazilian soybean exports to 9.3 million tonnes in February, from the previous week’s forecast of 9.7 million tonnes, the association's weekly report showed on Tuesday February 25.
Global futures declined on Tuesday February 25, pressured by improved weather across the Americas and concerns over upcoming tariffs on Canadian and Mexican exports. President Trump confirmed that the tariffs are set to take effect next week.
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.
The EU’s weekly wheat exports amounted to 242,740 tonnes in the week to Sunday February 23, according to initial data from the European Commission.
South Korean feed importer Nonghyup Feed Inc (NOFI) has purchased up to 60,000 tonnes of soymeal for arrival in July via a private deal that closed on Friday February 21, news agency Reuters reported on Tuesday.
Brazilian soybean exports amounted to 3.7 million tonnes in the first three weeks of February, while corn shipments reached 1.2 tonnes in the same period, customs weekly data showed on Monday February 24. In the full month of February 2024, Brazilian soybean exports totaled 6.6 million tonnes, and corn shipments amounted to 1.7 million.
Corn futures in the US declined on Monday February 24 as a stronger US dollar and advancing South American planting and harvest progress pressured the market. However, strong global demand, driven by key tenders in the Middle East and steady exports from major suppliers, helped limit further losses.
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.
Export inspections of US corn fell by 30% to 1.13 million tonnes in the week ended Thursday February 20, compared with 1.62 million tonnes in the previous week ended February 13, according to USDA data published on Monday February 24.
Saudi Agricultural and Livestock Investment Company (SALIC) has agreed to increase its ownership in Singapore-headquartered Olam Agri from 35.43% to 80.01% through a $1.78 billion acquisition, according to press releases from the respective companies on Monday February 24.
Investors in the US corn market cut short positions to the lowest level since February 2023 in the week to Tuesday February 18, helping bolster the net long, while open interest in corn surged to its highest since February 2021, according to data released by the Commodity Futures Trading Commission (CFTC) late on Friday February 21.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Investment in the Danube region and other shipping routes meant that Ukraine would probably be able to continue exporting as much as 25 million tonnes per year of agricultural products, Anton Zhemerdieiev, chief commercial officer of Kyiv-based TAS Agro, said during the Intercontinental Commodity Exchange (ICE) conference in Dubai, February 19-20.
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.
Global futures moved lower on Friday February 21, as the bulk of markets ended the week steady. Despite US corn exports reaching a marketing-year high, net sales eased.
The Russian government cut grain export tariffs further for February 27-March 5 amid a stronger ruble, which increased against the dollar to its highest level since September, data from the agriculture ministry website showed on Friday February 21.
Argentina’s Secretariat of Agriculture, Livestock and Fisheries (SagyP) has cut its estimate for Argentina’s corn sowed area by 200,000 hectares, to 9.2 million ha, while keeping soybean estimates unchanged at 18 million ha, its monthly report showed late on Thursday February 20.
US weekly corn net sales for the 2024/25 crop year totaled 1,453,800 tonnes during the week ended February 13, down by 12% from the previous week and by 5% from the prior four-week average, according to data released by the USDA on Thursday February 20.