Search
Chinese state agencies will be holding an auction for imported soybeans on Friday November 8, where around 128,000 tonnes of soybeans will be offered for sale, according to a note published by the National Grain Trade Center (NGTC) on Monday November 4.
Speculators in the US corn market cut short positions, helping send the net short to the highest level since August 2023, while adding shorts in soybean and wheat contracts in the week to Tuesday October 29, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday November 1.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
Soybean futures changed direction and dropped on the Chicago Mercantile Exchange on Friday November 1, as soymeal contracts declined, putting some downward pressure on prices, along with a stronger US Dollar Index. Soybean futures started the session higher, returning to the $10 per bushel level, amid a sharp rise in soyoil and new US exports flash sales.
Fastmarkets’ weekly recap of the main movements in global cash markets.
India intensified its buying of soyoil in the week to Friday November 1, with trade sources telling Fastmarkets that 150,000-160,000 tonnes have been bought since Monday because soyoil is the most competitive vegoils option and the supply-demand balance was looking tighter for the world’s largest importer of edible oils.
Soybean sowing reached 10% of the projected area of 6.8 million hectares in Brazil’s Rio Grande do Sul in the week to Thursday October 31, while weather conditions remain favorable for corn crops, state agency Emater/RS said in a report released late on Thursday.
Canada’s grain and oilseed exports totaled 1.5 million tonnes in the week ended Sunday October 27, a significant increase of 647,000 tonnes, or 74%, from 877,900 tonnes the week before, according to data from the Canadian Grain Commission released late on Thursday October 31.
The 2024/25 soybean sowing process has begun in Argentina and has reached 3.3% of the projected area of 19 million hectares, the Buenos Aires Grain Exchange (BAGE) said in its weekly report on Thursday October 31.
Rainfall across the US Midwest will provide much-needed moisture for late-stage corn and soybean crops in the week beginning Thursday October 31, while rain in Brazil's southeastern and central-west regions will increase soil moisture, favoring soybean sowing and crop development.
Soybean futures were virtually stable on the Chicago Mercantile Exchange on Thursday October 31 after rising earlier in the session, as market participants monitored weekly US export sales. Prices were also supported by an increase in CME soyoil futures.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The Ukrainian corn harvest progressed by 9 percentage points to 76% of the total planned area in the week ended October 31, with 18.3 million tonnes brought in from the fields as of the latest data, according to the Ministry of Agrarian Policy and Food.
The USDA’s attaché in Argentina increased its estimates for the country’s soybean output in the 2024/25 marketing year by 1 million tonnes to 52 million tonnes, while also increasing its harvested area and soybean crush forecasts, a report released late on Wednesday October 30 showed.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
US soymeal net sales for the 2024/25 marketing year increased by more than 30% in the week to October 24 to 208,400 tonnes, up from 159,900 tonnes the week prior, according to figures issued on Thursday October 31 by the US Department of Agriculture (USDA).
US weekly soybean net sales for the 2024/25 crop year rose by 6% in the week to October 24, to 2.27 million tonnes from 2.1 million tonnes million tonnes the previous week, landing within market estimates, the US Department of Agriculture reported on Thursday October 31.
Weekly exports of Ukrainian sunflower oil rose in the week ending October 30 compared to the previous reporting week,according to official data from the country’s State Customs Service released on Thursday October 31.