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Soybean futures prices started the week by posting double-digit losses amid a favorable weather outlook in the US; declining prices for grains, with corn and wheat significantly lower; and soyoil and soymeal trading in negative territory.

Human and animal nutrition giant ADM announced in a press release on Monday July 8 that it has created a fully verified and traceable supply chain in the US to supply Europe with deforestation-free soymeal and soyoil.

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.

Inspections of US soybean exports were down by 15% to 273,321 tonnes in the week ended July 4, from 319,828 tonnes a week earlier, according to data published by the US Department of Agriculture (USDA) on Monday July 8.

Chinese authorities will offer around 560,000 tonnes of imported soybeans for auction on Tuesday July 9, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Monday July 8.

Fastmarkets’ weekly recap of the main movements in global cash markets.

Sales of Argentine old crop and new crop soybeans declined in the week to June 26, while corn sales were up and wheat was mixed, according to data released by Argentina’s agriculture secretariat on Wednesday July 3.

Soybean futures prices increased on Friday July 5 while the market returned from the July 4 national holiday in the US, borrowing some support from stronger prices of downstream products and a weaker US dollar.

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.

The soybean CFR China (Brazil) basis assessment for August loading was assessed 2 cents...

US weekly soybean export sales slipped by 19% in the week to June 27 to 228,400 million tonnes from the previous week’s 282,900 tonnes, the US Department of Agriculture reported on Friday July 5.

China’s imported soybean auction held on Friday July 5 saw around 349,317 tonnes sold out of the 914,864 tonnes offered, yielding a clearance rate of 38.2%, sources told Fastmarkets.

Canada's grain and oilseeds export pace declined by 4% in the week ended Sunday June 30 and amounted to 910,100 tonnes, data from the Canadian Grain Commission released on Friday July 5 shows.

As its harvest has come to an end, Argentina’s soybean crop totaled 50.5 million tonnes in the 2023/24 crop year, up by 119.5% year on year, while corn harvest advanced strongly in the week ended Wednesday July 3, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday July 4.

Brazilian soybean exports reached a record 13.9 million tonnes in June, with soyoil exports up by 4%, while corn and wheat shipments declined, customs data showed late on Wednesday July 4.

The Rio Grande port authority in Brazil’s Rio Grande do Sul state has started the dredging process to clear the inner and outer channels in the entry point to the port, where silting was more severe, following floods in the state back in May.

Ukraine’s harvest accelerated in the week to Thursday July 4 and reached 6% completion, with all regions joining the campaign, according to government data released on Thursday.

The United Nations’ Agricultural Market Information Service (AMIS) increased both its global corn and wheat output forecasts and marginally reduced its soybean production outlook in its July update, released on Thursday July 4.

The soybean market was mostly muted in the Americas on Thursday July 4 as trading of benchmark futures contracts on the Chicago Mercantile Exchange was halted amid the national holiday in the US, with trading to resume in the overnight session.

Drier weather in the upper Midwest in the US is expected to promote crop development and assist in shrinking pockets of excessive wetness.