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Weather conditions are forecast to remain mostly beneficial for crops in Brazil and Argentina during the week beginning Thursday December 12, underpinning expectations of good soybean and first corn crop yields.

The Brazilian Association of Vegetable Oil Industries (Abiove) increased its estimates for Brazil’s soybean output in 2024/25 by 1 million tonnes to 168.7 million tonnes and raised its 2025 soybean export forecast to 104.4 million tonnes, both record volumes, while also elevating its projection for soyoil exports, Abiove’s monthly report showed on Thursday December 12.

Brazilian food agency Conab has trimmed its estimate for the country's total corn crop in 2024/25 to 119.63 million tonnes while marginally increasing its projection for soybean output to 166.2 million tonnes, its monthly report showed on Thursday December 12.

US soybean net sales plummeted by 49% to 1.17 million tonnes in the week to December 5, from the previous week’s 2.3 million tonnes, and by 42% from the prior four-week average, landing below market projections, weekly data from the USDA showed on Thursday December 12.

Net US soybean oil sales for the 2024/2025 season increased in the week to December 5 to 63,800 tonnes, while exports were down, the USDA reported on Thursday December 12.

Ukrainian weekly exports of sunflower oil increased in the period from December 5 to December 11, while exports of sunflower meal, soybeans and rapeseed fell, official data from Ukraine’s Ministry of Agrarian Policy showed on Thursday December 12.

Chinese state agencies will hold an auction for imported soybeans on Friday December 13, with around 62,000 tonnes of soybeans on offer, according to an official notification from the National Grain Trade Center (NGTC) on Thursday.

India imported 1.59 million tonnes of edible vegetable oils in November, an increase of 12.4% or 175,691 tonnes from October, reaching a four-month high following a surge in imports of soft oils and amid post-festival season restocking, data released by the Solvent Extractors Association of India (SEA) on Thursday December 12 shows.

China’s inventories of soybean oil and palm oil continued to see a weekly decline in the week to Friday December 6, according to figures from the China National Grain and Oil Information Center (CNGOIC).

Soybean futures rose on the Chicago Mercantile Exchange on Wednesday December 11, driven by rising soyoil and amid strength in crude oil prices after the USDA raised estimates for soybean product exports in its World Agricultural Supply and Demand Estimates (WASDE) report, released on Tuesday December 10.

The soybean CFR China (Brazil) basis assessment for January shipment was assessed...

South Korea’s state-backed Agro-Fisheries & Food Trade Corporation has re-entered the market with international tenders seeking approximately 50,000 tonnes of non-genetically modified (non-GMO) soybeans, trade sources said on Wednesday December 11.

Farmers in Brazil’s largest agricultural-producing state of Mato Grosso sped up the pace of forward sales of soybeans and corn in November, backed by higher prices, good soybean crop conditions and the need to raise funding to lock in input costs for the second corn crop, Mato Grosso’s agriculture state agency IMEA said late on Monday December 9.

Brazilian soybean sowing reached 94.1% of the projected area of 47.3 million hectares in the week ended Sunday December 8, a weekly advance of 4.1 percentage points. This surpassed the 89.9% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report published late on Monday December 9.

Soybean futures rose on the Chicago Mercantile Exchange on Tuesday December 10, following the release of the monthly USDA World Agricultural Supply and Demand Estimates (WASDE) report. Stronger soymeal and crude oil supported prices in the session.

Futures across the soy complex in Chicago reacted mildly to the USDA World Agricultural Supply and Demand Estimates (WASDE) report released late in the session on Tuesday December 10, with little changes to global balance sheets and an anticipated increase in US soyoil export figures.

The US Department of Agriculture has kept its US soybean ending stocks estimate unchanged while increasing its global forecast, the World Agricultural Supply and Demand Estimates (WASDE) report showed on Tuesday December 10.

The soybean CFR China (Brazil) basis assessment for January shipment was assessed...

The soybean CFR China (Brazil) basis assessment for January shipment was assessed...

The EU imported a total of 152,664 tonnes of soybeans in the week ended Sunday December 8, pushing the yearly total to 5.67 million tonnes, which is an 11% increase compared with the previous year, according to preliminary data from the European Commission.