Search
Export inspections of US corn rose by 64% to 1.44 million tonnes in the week ending January 9, compared with 877,214 tonnes in the previous week, according to US Department of Agriculture data published on Monday January 13.
China’s total soybean imports reached a record 105 million tonnes in 2024, 6.5%, or 6.42 million tonnes higher than the 98.6 million tonnes reached in 2023, according to data released by the country’s General Administration of Customs (GACC) on Monday January 13.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Corn futures rallied across the US and Asia on Friday January 10, supported by tightening global supplies and active cash trade in South Korea and Ukraine.
The USDA’s December quarterly stocks outlook update, released on Friday January 10, delivered tighter-than-expected corn and soybean reserves in the US, while wheat stocks were slightly higher than projected by market participants.
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.