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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.
Soybean sowing reached 3% of the projected area of 6.8 million hectares in Brazil’s Rio Grande do Sul in the week to Thursday October 24, while wheat harvest picked up as producers took advantage of dryer weather between rainy periods, state agency Emater/RS said in a report released late on Thursday.
Sales of Argentine soybeans increased during the week to October 16, while those of corn decreased, according to data released by Argentina’s agriculture secretariat on Wednesday October 23.
Canada's grain and oilseed exports totaled 877,900 tonnes in the week ended Sunday October 20, a significant decline of 546,900 tonnes, or 38%, from 1.4 million tonnes the week before, according to data from the Canadian Grain Commission released on late Thursday October 24.
Scattered showers in the US Midwest will support late-stage corn and soybean crops, while drought persists in parts of the Plains.
Soybean futures went up for the fourth straight session on the Chicago Mercantile Exchange on Thursday October 24, supported by US fresh net sales and a weaker dollar, which offset the negative pressure from crude oil and South American weather.
The soybean CFR China (Brazil) basis assessment for December shipment was assessed...
The Ukrainian corn crop harvest advanced by 8 percentage points to 67% of the total planned area in the week ended Thursday October 24, with 15.4 million tonnes brought in from the fields, according to data from the country’s Ministry of Agrarian Policy and Food.
The USDA attaché in Brazil increased its estimate for the country's 2024/25 soybean crop by 1 million tonnes to 161 million tonnes and projected record soybean exports next year at 102 million tonnes, a report showed late on Wednesday October 23.
Ukrainian exports of oilseeds and processed sunflower products fell in the week from October 16 to 23, official data from the ?ustoms Statistics Service showed on Thursday October 24.
In the week to October 17, US soymeal net sales for the 2024/25 marketing year were down to 159,900 tonnes, dropping by more than 36% from 251,400 tonnes in the week to October 10, data released on Thursday October 24 by the US Department of Agriculture showed.
China’s stocks of soybean oil, rapeseed oil and palm oil were recorded at 2.04 million tonnes in the week to Friday October 18, down from 2.06 million tonnes the previous week, according to data from the China National Grain and Oils Information Center (CNGOIC) on Thursday October 24.
US weekly soybean net sales for the 2024/25 crop year totaled 2.1 million tonnes in the week to October 17, up by 26% from 1.7 million tonnes the previous week and landing within market estimates, the US Department of Agriculture reported on Thursday October 24.
Soybean futures went up for the third consecutive day on Wednesday October 23, in a volatile session on the Chicago Mercantile Exchange, supported by a new round of US exports showing increased demand, which offset negative pressure from weaker crude oil and a stronger dollar.