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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.
Ukrainian exports of oilseeds and their processed products slowed down in the week to Wednesday January 22 due to the seasonality of soybeans and rapeseed, the shutdown of several processing plants, and a reduction in the supply of finished products (sunflower oil and meal), official data from the country’s Ministry of Agrarian Policy showed on Thursday January 23.
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.
EU oilseed crushing volumes rose by an average of 5.26% month on month in December, bringing the total crushing volume for the 2024 calendar year to 39.24 million tonnes, up 3.15% or 1.2 million tonnes of oilseeds year on year, according to data released by the EU association for vegetable oils and protein meals (FEDIOL) on Wednesday January 22.
China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil dropped in the week to Friday January 17, with an increase in rapeseed oil stocks outweighing a drop in palm oil volume while soybean oil stocks stayed flat, according to data from the China National Grain and Oils Information Centre (CNGOIC).
The EU imported 232,244 tonnes of soybeans in the week ended Sunday January 19, pushing the marketing-year total to 7.91 million tonnes, up by 15% year on year, based on preliminary data from the European Commission.
Canada's grain and oilseeds weekly exports pace increased by 71% in the week ended Sunday January 12, totaling 1.17 million tonnes, data from the Canadian Grain Commission released on Friday January 17 shows.
Showers are forecast for Argentina in the week beginning Thursday January 16, but volumes should be limited and unevenly distributed, raising pressing concerns for soybean and corn fields in key development stages.
Ukrainian weekly sunflower oil exports fell in the week ending Wednesday January 15, while soybean, rapeseed and sunflower meal export orders increased, official data from the Ministry of Agrarian Policy showed on Thursday January 16.
Euronext's commitment of traders report in the week to Friday January 10 shows investors increased their bearish view on wheat futures, raising their net short position to 119,102 lots.
China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil rose in the week to Friday January 10, with an increase in rapeseed and palm oil stocks outweighing a drop in soybean oil volumes, according to data from the China National Grain and Oils Information Centre (CNGOIC).
The EU imported 167,399 tonnes of soybeans in the week ended Sunday January 12, pushing the marketing-year total to 7.38 million tonnes, up by 14% year on year, based on preliminary data from the European Commission.
Australian wheat exporters shipped 583,593 tonnes in November, according to monthly data released on Monday January 13, by the Australian Bureau of Statistics (ABS).
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.
The annual Winter Wheat and Canola Seedings report released on Friday January 10, along with a big batch of other USDA reports, put planted area for the 2025 US winter wheat crop at 34.1 million acres, up by 2% from 2024 and exceeding projections.
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.
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.
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Ukrainian exports of sunflower oil and sunflower meal increased in the week ending Thursday January 9, while exports of soybeans and rapeseed decreased, data from the Ministry of Agrarian Policy showed on Thursday.