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Egypt’s state buyer launched two new tenders on Tuesday August 6, seeking to secure October-November supplies of soybean and sunflower oil, sources told Fastmarkets.
US corn crop conditions declined by 1 percentage point in the week to Sunday August 4, while the conditions of other crops overall improved, the USDA’s weekly crop progress report showed on Monday August 5.
Soybean futures prices on the Chicago Mercantile Exchange dropped at the start of Monday August 5 amid a financial sell-off but bounced back during the day, tracking a weaker US dollar.
Brazil’s soybean sowing area may grow less than 1% in the 2024/25 crop year amid low investment in technology prospects and areas devastated by floods in the south, Aprosoja president Maurício Buffon said on Monday August 5.
Export inspections of US soybeans were down 36% to 261,203 tonnes in the week ended Thursday August 1, from the 408,582 tonnes recorded a week earlier, data from the USDA showed on Monday August 5.
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.
Chinese authorities will offer around 540,000 tonnes of imported soybeans for auction on Wednesday August 7, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Friday August 2.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 2...
Speculators in the US soybean market increased short positions in the week to Tuesday July 30, helping boost the net short position, which neared the record high reached in July, commitment of traders' data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 2.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 2...
Soybean futures rebounded on the Chicago Mercantile Exchange on Friday August 2 following new technical movement, US flash sales to China and soymeal gains.
Fastmarkets’ weekly recap of the main movements in global cash markets.
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.
US processors crushed 184 million bushels of soybeans in June, down by 4.2% from 192 million bu in May but up by 5.1% from 175 million bu in June 2023, according to the USDA's Monthly Fats and Oils report released on Thursday August 1.
The most-active soybean futures contract on the Chicago Mercantile Exchange was unchanged on Thursday August 1 after trading in negative territory for most of the session, pressured by lower soyoil and crude oil prices.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 3...
In Ukraine, the early grain crop harvest was 92% complete in the week to Thursday August 1, according to government data.
In China, heavy precipitation and temperatures are expected through Friday August 7, leading to risks of waterlogging of low-lying farmland and heat damage to crops like cotton.
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.
US 2023/24 soybean oil exports and sales were down in the week to July 25, the USDA reported on Thursday August 1.