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Export inspections of US soybeans were down by 1% to 2.09 million tonnes in the week ending November 28, from the 2.12 million tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday December 2.
Brazil is expected to set new records in the 2024/25 crop year, with soybean output projected at 172.2 million tonnes, exports at 103.4 million tonnes and crushing at 56 million tonnes, data from local consultancy Agroconsult showed on Thursday November 28.
Brazilian corn production is expected to reach 132.7 million tonnes in 2024/25, up by 3.5% from the previous year's crop of 128.2 million tonnes, with the second corn crop (safrinha) sowed area projected at 17.8 million hectares, an all-time high, data from local consultancy Agroconsult showed on Thursday November 28.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
Soybean futures were broadly unchanged after a volatile session on the Chicago Mercantile Exchange (CME) on Friday November 29. Market participants monitored US strong weekly net sales and projections of a record production for Brazil’s 2024/25 crop year.
Fastmarkets’ weekly recap of the main movements in global cash markets.
US soybean net sales surged by 34% to 2.5 million tonnes in the week to November 21, from the previous week's 1.86 million tonnes, a marketing-year high, landing above market projections, while exports fell by 15%, weekly data from the USDA showed on Friday November 29.
Chinese state agencies held an auction for imported soybeans on Friday November 29, where 29,298 tonnes out of the 91,522 tonnes of soybeans offered for sale were traded, sources have told Fastmarkets.
Canada’s grain and oilseed exports totaled 1.1 million tonnes in the week to Sunday November 24, down by 70,300 tonnes, or 6%, from 1.17 million tonnes a week earlier, according to data published by the Canadian Grain Commission on Friday November 29.
The Chicago Mercantile Exchange was closed on Thursday November 28 in observance of the Thanksgiving holiday in the US.
Fastmarkets has corrected its AG-SYB-0081 Crush Margin Argentina Soy, which was published incorrectly on Wednesday November 13.
Brazil’s southern region is expected to receive heavy rainfall during the week beginning Thursday November 28, which could benefit corn and soybean crops but also delay some late planting and increase the risk of fungal disease.
Brazil’s Paraná state agency Deral has trimmed its estimates for the 2024/25 soybean production to 22.3 million tonnes from the previous 22.4 million tonnes forecast, while slightly reducing its summer corn and wheat output projection, its monthly report showed on Thursday November 28.
The Ukrainian corn harvest progressed by 1 percentage point to 93% of the total planned area in the week to Thursday November 28, with 24.2 million tonnes brought in from the fields, according to the latest data from the Ministry of Agrarian Policy and Food.
Ukrainian weekly sunflower oil and sunflower meal exports increased during the week to November 27, while soybean and rapeseed exports declined, according to the Ministry of Agrarian Policy data released on Thursday November 28.
Sales of both old and new Argentine soybean, corn and wheat crop decreased during the week to Wednesday November 20, according to data released by Argentina’s agriculture secretariat on Wednesday November 27.
Soybean futures edged higher in a volatile session on the Chicago Mercantile Exchange on Wednesday November 27, amid a weakness in the US dollar and with support from higher soymeal prices, while a sharp decline in soyoil limited the gains.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
China’s combined stocks of its three major vegetable oils soybean oil, palm oil and rapeseed oil saw an overall weekly drop in the week to Friday November 22, according to data from the China National Grain and Oils Information Centre (CNGOIC).
Brazilian grain exporters association Anec has cut its estimates for Brazil’s corn exports in November to 5 million tonnes from the previous 5.56 million tonnes forecast, while reducing its soybean and soymeal shipment estimates for the current month, its weekly report showed on Tuesday November 26.