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The EU imported a total of 119,482 tonnes of soybeans in the week to Sunday October 20, bringing the yearly total to 3.73 million tonnes, up by 7% year on year, according to initial data from the European Commission released on Tuesday October 22.
The pace of the US corn and soybean harvests exceeded the five-year average and the expectations of market analysts in the week ended October 20, the USDA’s weekly crop report showed on Monday October 21.
Brazilian corn exports reached 3.9 million tonnes in the first three weeks of October, while soybean shipments reached 2.9 million tonnes, customs data showed on Monday October 21.
Soybean futures climbed on the Chicago Mercantile Exchange on Monday October 21, supported by stronger demand for US grains and by higher crude oil prices. Soybean prices partially rebounded from recent lows due to improving weather in South America.
Export inspections of US soybeans rose by 28% to 2.43 million tonnes in the week to Thursday October 17, up from the 1.91 million tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday October 21.
Oilseed crushing in Argentina was expected to increase by 37% in 2024, to 42.4 million tonnes, the Rosario Grain Exchange (BCR) said in its weekly report published on Friday October 18.
China’s soybean imports from the US in September 2024 came to 1.71 million tonnes, according to data from the country’s General Administration of Customs (GACC) released on Sunday October 20.
Chinese state agencies will be holding an auction for imported soybeans on Wednesday October 23, when around 123,000 tonnes of imported soybeans will be offered for sale, according to a note published by the National Grain Trade Center (NGTC) on Monday October 21.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
Investors in the US corn and soybean markets added short positions in the week to Tuesday October 15, helping increase net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 18.
Argentina’s soybean sowed area is expected to increase by 7.2% in 2024/25 crop, to 17.8 million hectares, due to a lower planted corn area, country's Secretariat of Agriculture, Livestock and Fisheries (SagyP) said in its first estimate for the soybean new crop on Thursday October 17.
Fastmarkets’ weekly recap of the main movements in global cash markets.
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.
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.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
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.
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.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed
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.
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.