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The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
Market participants expect little changes to US soybean ending stocks when the USDA updates its World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday December 10, a Fastmarkets’ poll with seven traders and analysts showed.
Market sources estimate the November sunflower crush in Ukraine at the same level as the previous month, with some seeing a significant increase in processing compared with October despite the negative margin. Soybean processing is estimated ambiguously, and rapeseed has fallen, according to sources.
Chinese state agencies held an auction for imported soybeans on Friday December 6, where 62,224 tonnes of soybeans were offered for sale, but no sales were concluded, sources have told Fastmarkets.
Canada’s grain and oilseed exports totaled 1.54 million tonnes in the week to Sunday, December 1, up by 437,200 tonnes or 40% from 1.10 million tonnes a week earlier, according to data published by the Canadian Grain Commission on Friday December 6.
Brazilian soybean export estimates are expected to reach 97.1 million tonnes in 2024, below the previous forecast of 98 million tonnes, while corn shipments are projected to reach 37.6 million tonnes, also below the forecast of 39.5 million tonnes from last month, Brazilian grain exporters’ association Anec said in its weekly report on Thursday December 5.
Soybean futures went up on the Chicago Mercantile Exchange on Thursday December 5, amid new US export sales. Prices were also supported by a weaker US Dollar Index and a sharp rise in the price of soyoil.
Brazil’s southern regions are forecast to receive significant rainfall in the week beginning Thursday December 5, benefiting first-crop corn and soybean planting.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
Ukrainian weekly exports of soybeans, rapeseed and processed sunflower products increased from November 28 to December 4, as shown in data published the Ministry of Agrarian Policy on Thursday, December 5.
Farmers in Canada were expected to harvest more wheat, soybeans and oats in 2024, while the country’s estimated production of canola, corn and barley was down from the figures for 2023, national agency Statistics Canada (StatCan) said in a report published on Thursday December 5.
US soybean net sales fell by 7% to 2.3 million tonnes in the week to November 28 from the previous week’s 2.5 million tonnes, but up 17% from the prior four-week average and landing at the higher end of market projections, weekly data from the USDA showed on Thursday December 5.
Sales of both old and new Argentine soybean and wheat crops increased during the week to Wednesday November 27, while corn diverged between market years, according to data released by Argentina’s agriculture secretariat on Wednesday December 04.
Soybean futures fell on the Chicago Mercantile Exchange on Wednesday December 4, under pressure from lower crude oil and soyoil prices, Fastmarkets has heard.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
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Brazilian soybean sowing reached 90% of the projected area of 47.3 million hectares in the week ended December 1, a weekly advance of 6.7 percentage points, Fastmarkets heard.
Soybean futures went up on the Chicago Mercantile Exchange on Tuesday December 3, supported by a drop in the US Dollar Index, a climb in crude oil and derived products and a record US crush in October, which offset downward pressure from rain over Brazil’s main agricultural area.
Brazil’s Mato Grosso agricultural state agency IMEA increased its estimate for the state’s second corn crop area by 0.7% to 6.84 million ha from the previous month’s forecast, and its production output by 0.68% to 45.8 million tonnes, while keeping its estimates for the 2024/25 soybean crop unchanged, IMEA’s weekly report showed on Monday December 2.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...