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18 Oct 2024 | Agricensus staff
Fastmarkets’ weekly recap of the main movements in global cash markets.
18 Oct 2024
Soybean futures went down in the final session of the week to Friday October 18 on the Chicago Mercantile Exchange, driven by lower soyoil prices, pressured mainly by a decline in crude oil. Market participants also monitored improved weather conditions for planting in South America.
18 Oct 2024 | Taís Laporta
US soymeal net sales reached 251,400 tonnes for the 2024/25 marketing year in the week to October 10, down by 11% from 284,200 tonnes in the previous week, within market estimates, US Department of Agriculture data showed on Friday October 18. The 2024/25 marketing year kicked off on October 1.
18 Oct 2024
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
18 Oct 2024 | Marcela Caetano
Wheat harvest has reached 3% of the 1.3-million-hectare projected area in Brazil’s Rio Grande do Sul, advancing slowly amid weather concerns, while soybean sowing remains below 1%, state agency Emater/RS said in a report released on Friday October 17.
18 Oct 2024 | Marcela Caetano
US weekly soybean net sales for the 2024/25 crop year reached 1.7 million tonnes in the week to October 10, up by 35% from 1.26 million tonnes the previous week, landing within market estimates, the US Department of Agriculture reported on Thursday October 18.
18 Oct 2024
The soybean CFR China (Brazil) basis assessment for December shipment was assessed
18 Oct 2024 | Regina Koh
China imported 310,000 tonnes of corn in September, a further drop from August’s 428,467 tonnes and the lowest since March 2020 when imports were around 318,000 tonnes, figures from the country’s General Administration of Customs (GACC) showed on Friday October 18.
18 Oct 2024 | Yana Sukharska
Canada’s grain and oilseed exports rose to 1.4 million tonnes in the week ended Sunday October 13, up by 333,800 tonnes, or 31%, with gains in canola and wheat flows, according to data from the Canadian Grain Commission released on Friday October 18.
17 Oct 2024 | Victor Gusmao
Sales of Argentine soybeans were mixed across marketing years, while corn and wheat sales stepped back in the week to October 9, according to data released by Argentina’s agriculture secretariat on Wednesday October 16.
17 Oct 2024
Soybean futures were mixed on the Chicago Mercantile Exchange on Thursday October 17, with bullish derived products despite still being under pressure from improved weather conditions for planting in Brazil and external markets.
17 Oct 2024
Forecasts in the United States and Canada call for rainfall and cooler temperatures in the week beginning Thursday October 17, with these conditions expected to support the growth of corn, soybean and wheat crops.
17 Oct 2024 | Marcela Caetano
The Brazilian Association of Vegetable Oil Industries (Abiove) increased its 2024 estimates for soymeal and soyoil exports to 22.1 million tonnes and 1.3 million tonnes respectively, while also projecting an increase in soybean imports for the year, its monthly report showed on Thursday October 17.
17 Oct 2024 | Yana Sukharska
The Ukrainian corn crop harvest advanced by 10 percentage points to 59% complete in the week ended Thursday October 17, exceeding 13.18 million tonnes, according to data from the country’s Ministry of Agrarian Policy and Food.
17 Oct 2024 | Yana Sukharska
Weekly exports of Ukrainian sunflower oil doubled in the week ending October 16 compared to the previous reporting week, while exports of other oilseeds and processed products also increased, according to official data from the country’s State Customs Service released on Thursday October 17.
17 Oct 2024 | Regina Koh
China’s vegoil inventories consisting of soybean oil, rapeseed oil and palm oil totaled 2.06 million tonnes in the week to Friday October 11, according to data from the China National Grain and Oil Information Centre (CNGOIC) on Thursday October 17.
16 Oct 2024 | Victor Gusmao
Soybean planting for the 2024/25 crop in Brazil's Paraná reached 41% of the 5.81-million-hectare projected area in the week to Monday October 14, while summer corn sowing reached 90% of the 257,300-ha projected area, according to state agency Deral’s weekly report released on Tuesday October 15.
16 Oct 2024
Soybean futures changed direction and went down on the Chicago Mercantile Exchange on Wednesday October 16, reflecting a US harvest at a faster pace than average, and following a sharp fall in soyoil prices and pressure from external markets.
16 Oct 2024 | Regina Koh
China’s weekly soybean crush volume was reported at 1.54 million tonnes as of Friday October 11, according to data from the China National Grain and Oil Information Center (CNGOIC).
16 Oct 2024
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
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