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Soybean oil imports into India rose by 16% in August from the prior month to 454,639 tonnes, marking the highest level since July 2022 when volumes reached 519,566 tonnes, data from industry group Solvent Extractors Association of India (SEA) released on Thursday September 12 shows.
Ukraine’s 2024/25 marketing year started with lower weekly sunflower oil and meal export numbers compared with a year ago, while exports of soybean were noticeably higher, according to data from the country’s State Customs Service released on Thursday September 12.
Soybean oil stocks in China continued to see a gradual decline, with inventories as of Friday September 6 recorded at 1.09 million tonnes, according to data published by the China National Grain and Oil Information Center (CNGOIC) on Thursday September 12.
Sales of Argentine soybeans, corn and wheat for the 2023/24 marketing year fell in the week to September 4, according to data released by Argentina’s agriculture secretariat on Wednesday September 11.
The soybean CFR China (Brazil) basis assessment for October loading was assessed...
Soybean futures rebounded on the Chicago Mercantile Exchange on Wednesday September 11 after falling below $10 per bushel the day before because of new Brazil’s new crop estimates, Fastmarkets heard.
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 state agencies conducted an auction of imported soybeans on Wednesday September 11, with 255,956 tonnes of beans offered for sale and 78,689 tonnes sold, trade sources have told Fastmarkets.
China’s soybean crush volume for the week ended Friday September 6 rose by 7.8% from the previous week to 2.2 million tonnes, data from the China National Grain and Oils Information Center (CNGOIC) showed this week.
The soybean CFR China (Brazil) basis assessment for October loading was assessed...
Brazilian grain exporters association Anec reduced its estimates for soybean exports in September to 5.5 million tonnes while increasing corn shipments estimates to 6.4 million tonnes, its weekly report showed on Tuesday September 10.
Soybean futures collapsed on the Chicago Mercantile Exchange on Tuesday September 10, returning to less than $10 per bushel after the USDA’s weekly crop report showed soybean crop conditions unchanged in the US.
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.
Weekly soybean imports into the EU totaled 153,845 tonnes in the week to September 1, according to initial data from the European Commission released on Tuesday September 10.
The USDA is expected to increase its soybean production estimates for the 2024/25 year, with higher US and global ending stocks for the new crop, a Fastmarkets poll of eight traders and analysts showed on Tuesday September 10.
China’s soybean imports totaled 12.14 million tonnes in August, according to estimates released by the country’s General Administration of Customs (GACC) on Tuesday September 10.
Brazilian soybean and corn exports started September at a strong pace, with soybean reaching 1.3 million tonnes, while corn hit 1.5 million tonnes, in the first week of the month, customs data released on Monday September 9 showed.
Across Canada’s top crop-growing regions, dry and warmer weather helped accelerate harvest progress, as reported in provincial reports collated by Fastmarkets.
US corn crop conditions declined slightly in the week ended Sunday September 8, and soybean conditions were unchanged, while the corn harvest exceeded analysts’ estimates, the USDA’s weekly crop report showed on Monday September 9.
Soybean futures rebounded on the Chicago Mercantile Exchange on Monday September 9 on the lack of rain in both Brazil and the US, which is delaying the beginning of sowing in Brazil, and new soybean flash sales from the USDA.