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China’s soybean imports in July fell to 9.85 million tonnes, 11% lower than June and slightly higher than the 9.65 million tonnes imported in July last year, estimates from the country’s General Administration of Customs (GACC) showed on Wednesday August 7.

China concluded an imported soybean auction on Wednesday August 7, with a total of 10,600 tonnes sold out of the 462,000 tonnes offered, yielding a 2.3% clearance rate, sources told Fastmarkets.

Brazilian soybean exports reached a record 11.2 million tonnes in July, up by 16% year on year from 9.69 million tonnes, supported by strong demand from China. Corn shipments totaled 3.5 million tonnes in the same month, down by 16% from a year earlier, according to customs data released on late Tuesday August 6.

Soybean futures prices fell on the Chicago Mercantile Exchange on Tuesday August 6 due to good US crop conditions and a stronger US dollar.

The soybean CFR China (Brazil) basis assessment for September loading 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.

Sentiment among US agricultural producers rose in July as producers’ perspectives on both current conditions and the future improved, according to Purdue University and CME Group’s Ag Economy Barometer survey released on Tuesday August 6.

Weekly soybean imports into the EU totaled 111,186 tonnes in the week ended Sunday August 4, according to initial data from the European Commission released on Tuesday August 6.

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.