Search
Weekly soybean imports into the EU totaled 174,812 tonnes in the week to Sunday October 13, according to initial data from the European Commission released on Tuesday October 15.
Brazilian food agency Conab has slightly reduced its estimate for the country's soybean crop in 2024/25 to 166.05 million tonnes from the 166.3 million tonnes projected in September, and corn output was adjusted to 119.7 million tonnes from the previous 119.8 million tonnes forecast, according to a report on Tuesday October 15.
The soybean CFR China (Brazil) basis assessment for November shipment was assessed
Brazilian corn exports reached 2.5 million tonnes in the first two weeks of October, while soybean shipments amounted to 1.8 million tonnes, according to customs data released on Monday October 14.
Soybean futures reached the lowest level in over a month, breaking below $10 per bushel on the Chicago Mercantile Exchange on Monday October 14, reflecting the ample supply scenario the USDA showed on Friday October 11 and the rain reported in Argentina and Brazil over the weekend, forecast to gain momentum in Brazil along the week.
The soybean CFR China (Brazil) basis assessment for November shipment was assessed...
The Russian wheat harvest progressed by another 4 percentage points to 97% complete in the week ended Monday October 14, exceeding 85.8 million tonnes including the harvest from occupied territories, according to data seen by Fastmarkets on Monday.
Chinese state agencies will be holding an auction for imported soybeans on Wednesday October 16, where around 239,000 tonnes will be offered for sale, according to a note published by the National Grain Trade Center (NGTC) on Monday October 14.
China imported 11.37 million tonnes of soybeans in September 2024, estimates from the country’s General Administration of Customs (GACC) showed on Monday October 14.
Canada’s top growing regions are wrapping up harvest work, with Saskatchewan leading the way and expecting to conclude work within the next week, according to provincial reports released on October 7-8 and collated by Fastmarkets.
The General Authority for Supply Commodities (GASC) announced the vegetable oil tender on Sunday October 13, after prioritising sunflower oil in the previous three tenders, ignoring soybean oil because of its high cost, and last buying it in an international tender in June, sources told Fastmarkets.
Investors in the US corn and soybean markets, as well as in two of three wheat contracts, reduced net short positions in the week to Tuesday October 8, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 11.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Soybean futures fell on the Chicago Mercantile Exchange on Friday October 11, following the USDA’s World Agricultural Supply and Demand Estimates (WASDE) update.
The US Department of Agriculture has slightly reduced its estimate for US soybean production, missing market expectations, while keeping ending stocks in 2024/25 unchanged, the World Agricultural Supply and Demand Estimates (WASDE) report showed on Friday October 11.
US and global balance sheets remained mostly unchanged for soybean and downstream soy products in the USDA’s World Agricultural Supply and Demand Estimates (WASDE) monthly update released on Friday October 11, but futures across the complex fell after the release.
India’s edible vegetable oil imports fell to 1.064 million tonnes in September, its lowest since February, according to figures from industry group Solvent Extractors Association of India (SEA) on Friday October 11.
The soybean CFR China (Brazil) basis assessment for November shipment was assessed...
Soybean sowing has started in the Brazilian state of Rio Grande do Sul, while wheat harvest is in its early stages but is delayed in comparison to the same period last year, state agency Emater/RS said in a report released on Thursday October 10.
South Korean feed importers Nonghyup Feed Inc (NOFI) and Major Feedmill Group (MFG) have purchased around 120,000 tonnes of soybean meal via tenders concluded on Friday October 11, trade sources told Fastmarkets.