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Ukraine's monthly exports of sunflower oil and sunflower meal fell to the lowest level since the beginning of the 2024/25 season in February, due to the shutdown of several plants caused by negative processing margins, while exports of soybean and soybean meal rose, according to customs statistics.

The EU imported a total of 43,740 tonnes of soybeans in the week ended Sunday March 2, bringing the total imports for the marketing year to 9.01 million tonnes, a 9% increase compared with the previous year, according to preliminary data from the European Commission.

The imposition of 25% tariffs on Tuesday March 4 on a wide array of Canadian products, including canola seed, oil and meal, will have a devastating and widespread impact on the Canadian canola industry, according to the Canola Council of Canada (CCC) and the Canadian Canola Growers Association (CCGA).

Ukrainian analysts predict that the rapeseed harvest will decrease by at least 7.7%, due to a reduction in the area devoted to winter rapeseed and a decrease in the harvested area caused by unfavorable weather conditions during the sowing and wintering period, although the yield may increase.

China’s soybean stocks fell to 4.57 million tonnes in the week to Friday February 28 on higher soybean crush volume and positive crush margins, according to data from the China National Grains and Oils Information Center (CNGOIC).

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has published its final forecast for marketing year 2024/25 production, increasing the figures for wheat, barley and canola from its previous report, and has given early estimations for 2025/26 output in its March report, released on Monday March 3.

Canada’s overall weekly grain exports went down in the week to Sunday February 23, with those for barley, corn and canola increasing, while soybean, wheat and durum exports decreased, according to the latest data published by the Canadian Grain Commission on Friday February 28.

Showers are expected to continue in northwestern and western Argentina during the week beginning Thursday February 27, limiting losses caused by dry weather that had threatened 2024/25 crops. However, temperatures above 40°C will persist in northern Argentina.

Euronext’s commitment of traders report for the week to Friday February 21 showed a continued bearish sentiment in French milling wheat and corn futures on the exchange but a slight uptick in the rapeseed net long position, according to data released on Wednesday February 26.

Weekly exports of Ukrainian sunflower meal jumped during February 20-26, while volumes of sunflower oil and soybeans declared for export fell, according to data from Ukraine’s Ministry of Agrarian Policy published on Thursday February 27.

The EU imported a total of 112,419 tonnes of soybeans in the week ended Sunday February 23, bringing the total imports for the marketing year to 8.95 million tonnes, an 11% increase compared with the previous year, according to preliminary data from the European Commission.

China soybean stocks fell in the week to Friday February 21, on higher soybean crush volume, according to data from the China National Grains and Oils Information Center (CNGOIC).

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Winter crops in the Black Sea region have withstood peak frosts, facing no major threats as winter nears its end. While snow cover offered protection, uneven distribution left some areas vulnerable. With short-term risks fading, crop development now hinges on sufficient spring rainfall amid ongoing soil moisture deficits.

A correction has been issued for this report.

Weekly exports of oilseeds and their processed products from Ukraine remained slow due to seasonal factors and the shutdown of several plants. However, sunflower oil exports increased, while sunflower meal and soybeans declined, according to data from the country’s Ministry of Agrarian Policy published on Thursday February 20.

Oilseed crushing in EU countries totaled 3.36 million tonnes in January, down by 1.2% month on month and by 2.3% year on year, data from the EU Association of Vegetable Oil and Protein Meal Producers (FEDIOL) showed on Friday February 14.

The EU imported a total of 150,549 tonnes of soybeans in the week ended Sunday February 16, bringing the total imports for the marketing year to 8.62 million tonnes, an 11% year-on-year increase, according to preliminary data from the European Commission.

China crushed 1.94 million tonnes of soybeans in the week to Friday February 14, with the country's soymeal inventory declining for a fourth straight month, according to data from the China National Grains and Oils Information Center (CNGOIC).

The area under oilseeds in Ukraine and Russia might grow by 11% year on year to 29.1 million hectares in 2025 due to an increase in the area under sunflower in the two countries, while expectations for the distribution of soybean and rapeseed crops were varied, according to Ukrainian analysts and Russian media.