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The soybean CFR China (Brazil) basis assessment for February shipment was assessed...
US soybean crush reached a new record for the month of November at 193.19 million bushels, data released by the National Oilseed Processors Association (NOPA) on Monday December 16 showed.
Export inspections of US soybeans were down by 3% to 1.68 million tonnes in the week ending December 12 from the 1.74 million tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday December 16.
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Speculators in the US corn market shed short positions while accumulating longs in the week to Tuesday December 10, sending the net long to the highest level since February 2023, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 13.
Soybean futures went down on the Chicago Mercantile Exchange on Friday December 13, pressured by weakness in soy products and despite new US flash sales. Prospects of good weather in South America and a record crop in Brazil also continued to weigh on prices.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
Chinese state agencies held an auction for imported soybeans from the country’s reserves on Friday December 13, where 62,224 tonnes of soybeans were offered though no sales were concluded, trade sources have told Fastmarkets.
South Korea’s state-backed Agro-Fisheries & Food Trade Corp has finalized the purchase of approximately 50,000 tonnes of non-genetically-modified (non-GMO) soybeans in an international tender that closed on Friday December 13, European traders have reported.
Canada’s grain and oilseed exports totaled 899,100 tonnes during the week to Sunday December 8, a decrease of 639,900 tonnes, or 42%, from 1.54 million tonnes the previous week, according to data from the Canadian Grain Commission published on Thursday December 12.
In Argentina, recent rainfall during the week to December 11 improved soil moisture, creating better conditions for crop sowing, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday December 12, 2024.
Soybean futures fell on the Chicago Mercantile Exchange on Thursday December 12, pressured by soymeal losses and a higher US dollar index, amid favorable weather and a large crop in South America, despite new US flash sales.
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.