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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...
Export inspections of US soybeans were down 6% to 2.39 million tonnes in the week ended Thursday October 24, from the 2.55 million tonnes recorded a week earlier, data from the USDA showed on Monday October 28.
Russian farmers have harvested nearly 87 million tonnes of wheat, completing the harvest of more than 98% of the planted area as of October 25, according to data seen by Fastmarkets on Monday October 28.
Chinese state agencies will be holding an auction for imported soybeans on Wednesday October 30, win which around 110,000 tonnes of soybeans will be offered for sale, according to a note released by the National Grain Trade Center (NGTC) on Monday October 28.
Speculators in the US corn and soybean markets, as well as in two of three wheat contracts, added short positions in the week to Tuesday October 22, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 25.
Soybean futures went down on the Chicago Mercantile Exchange on Friday October 25, with market participants adjusting positions from recent highs driven by strong US exports and amid good prospects for weather planting in South America.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The Turkish governmental statistics agency (Turkstat) has released its second estimate for grains and oilseeds production for 2024/25 marketing year, decreasing grain production compared with last year, but increasing oilseed production, an official document showed on Friday October 25.