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Sales of both old and new Argentine soybean, corn and wheat crops increased during the week to Wednesday October 23, according to data released by Argentina’s agriculture secretariat on Wednesday October 30.

Soybean futures prices went up on the Chicago Mercantile Exchange on Wednesday October 30, supported by a climb in soyoil prices, some bargain-buying and US flash sales, despite South American weather forecasts.

Brazil’s soybean crop in 2024/25 is forecast at a record 167 million tonnes, up by 9% year on year, as the sowing delay should not compromise crop development and rain should allow for it to pick up, while corn output is expected to increase by 3 million tonnes to 125 million tonnes, Rabobank said in a report on Wednesday October 30.

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

China’s combined stocks of soybean oil, rapeseed oil and palm oil in the week to Friday October 25 were down by 50,000 tonnes to 1.99 million tonnes from the previous week’s 2.04 million tonnes, according to data from the China National Grain and Oils Information Center (CNGOIC) on Wednesday October 30.

Agricultural commodities giant Bunge Ltd reported its third-quarter financial results on Wednesday October 30, reflecting lower earnings year over year in the context of a tight global margin environment.

Chinese crushers crushed 2.1 million tonnes of soybeans in the week to Friday October 25, according to figures from the China National Grain and Oils Information Center (CNGOIC).

Brazil’s 2024/25 soybean sowing advanced to 37% of the projected area of 47.4 million hectares from 17.6% in the previous week, but it was behind the 40% completion rate from a year earlier, the country’s food agency Conab said late on Monday October 28.

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

Brazilian corn exports amounted to 5.3 million tonnes in the first four weeks of October, ended on Friday October 25, while soybean shipments totaled 3.9 million tonnes in the same period, customs data showed on Tuesday October 29.

South Africa’s Crop Estimates Committee (CEC) has revised its corn production estimate downward, in its ninth production forecast for summer crops in 2024, released on Tuesday October 29.

Soybean futures went down on the Chicago Mercantile Exchange on Tuesday October 29, with market participants focusing their attention on the progress of planting in South America, supported by better weather conditions, and with the US harvest nearing completion.

Brazilian grain exporters association Anec reduced its estimates for the country’s October soybean and corn exports to 4.57 million tonnes and 5.9 million tonnes respectively, the association said in its weekly report on Tuesday October 29.

The EU imported a total of 42,281 tonnes of soybeans in the week to Sunday October 27, increasing the yearly total to 3.78 million tonnes, up by 1% year on year, based on preliminary data from the European Commission released on Tuesday October 29.

US corn, soybean and sunflower harvest progress remained above five-year averages in the week to Sunday October 27, while winter wheat planting progress and crop conditions were lower year on year, the USDA’s weekly crop progress report showed on Monday October 28.

The Fishing and Maritime Cabotage Skippers’ and Officials’ Center (Centro de Patrones y Oficiales Fluviales de Pesca y de Cabotaje Marítimo) in Argentina has announced that it will join the transport stoppages in the country on Wednesday October 30, interrupting the loading of cargoes at ports.

Soybean futures went down on the Chicago Mercantile Exchange on Monday October 28, pressured by soyoil amid a sharp decline in crude oil and driven by ample supply and fast progress of the US soybean harvest. Market participants also monitored uncertainty over the US election.

Forecasts for corn, sunflower and soybean yields in the EU have all been cut after a rainy start to autumn, according to the latest EU Monitoring Agricultural Resources (MARS) report.

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

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