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Net sales for the 2023/24 soybean crop rose to 376,400 tonnes in the week to July 25 from 88,600 tonnes the week before, above market expectations, the US Department of Agriculture reported on Thursday August 1.
Ukrainian weekly exports of rapeseed more than doubled week on week in the week to July 31, while exports of sunflower oil also increased over the reporting period, official data published on Thursday August 1 showed.
Chinese soyoil inventories were estimated at 1.1 million tonnes in the week ended July 26, 20,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday August 1 showed.
Brazil's grain exporters association Anec has cut its soybean export estimates for July to 9.4 million tonnes, down from its earlier estimate of 10.4 million tonnes in the previous week, while raising corn exports estimates, according to its latest weekly report on Wednesday July 31.
Sales of Argentine soybeans and corn were higher in the week to July 24, while wheat was mixed across marketing years, according to data released by Argentina’s agriculture secretariat on Wednesday July 31.
Soybean futures was slightly up on Wednesday July 31 following crude oil´s rise after US data showed lower-than-expected inventories and amid tensions in the Middle East.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 2...
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The output forecast for Ukrainian late crops was revised downward amid dry and hot weather, with expectations for corn and sunflower seeds being the most affected, the Ukrainian Grain Association (UGA) said on Wednesday July 31.
China’s soybean crush volume in the week ending Friday July 26 rose slightly compared with the previous week, while the country’s soymeal stocks reached a record high, according to the latest figures from the China National Grain & Oils Information Center (CNGOIC).
China concluded an imported soybean auction on Wednesday July 31 with a total of 433,944 tonnes sold out of the 978,797 tonnes offered, yielding a 44.3% clearance rate, sources told Fastmarkets.
Soybean futures extended losses on Tuesday July 30, due to favorable weather forecast for the US Midwest amid good crop conditions while soybean futures are pressured by soymeal's sharp loss on the Chicago Mercantile Exchange.
Weekly soybean imports into the EU totaled 311,024 tonnes in the week ended Sunday July 28, according to initial data from the European Commission released on Tuesday July 30.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 9...
US soybean, spring wheat and barley crop conditions declined in the week to Sunday July 28 while corn conditions improved slightly, the USDA’s weekly crop progress report showed on Monday July 29.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 9...
Brazilian soybean exports so far this month have surpassed the volume exported in July last year by 4.1%, while corn exports increased by 1.17 million tonnes last week, customs data showed late on Monday July 29.
Soybean futures started the week with double digit losses on lower products and pressured by external markets. Rain forecast for the US Midwest eased concerns on crop development after the hot and dry conditions from last week.
Export inspections of US soybeans were up 19% to 403,268 tonnes in the week ending Thursday July 25, from the 338,255 tonnes recorded a week earlier, USDA data showed on Monday July 29.
Investors in US soybean and corn contracts, as well as two of three wheat contracts, cut short positions in the week to Tuesday July 23, helping to trim soybean net short positions, which had reached a record high the week prior, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday July 26.