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Weekly soybean imports into the EU totaled 227,693 tonnes in the week ended Sunday June 23, according to initial data from the European Commission released on Tuesday June 25.
The Chinese authorities will offer 960,000 tonnes or so of imported soybeans for auction on Friday June 28, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Tuesday June 25.
Brazilian soybean exports amounted to10.9 million tonnes in the first three weeks of June, with soyoil exports improving and corn shipments at slow pace, customs data showed late on Monday June 24.
The majority of the US’s crop conditions declined and landed below market expectations in the week to Sunday June 23, with a heat wave affecting growing areas, the USDA’s weekly crop progress report showed on Monday June 24.
Investors in the US soybean and wheat markets amassed shorts, boosting their net short positions in the week to June 18, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday June 24.
Soybean futures traded in positive territory on Monday June 24 for the second consecutive session, recovering part of the steep losses from June 20, with underlying support from rising soymeal prices.
Egypt's state buyer GASC canceled the international tender it had launched to buy at least 30,000 tonnes of overseas soyoil while securing 25,000 tonnes of the vegetable oil domestically, sources told Fastmarkets on Monday June 24.
Export inspections of US soybeans were up by 0.3% to 342,293 tonnes during the week to Thursday June 20, compared with the 341,170 tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday June 24.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 2 c/bu lower at a premium of 182 cents per bushel to the August CME soybean futures contract...
Egypt's state buyer GASC, launched an international tender for the purchase of vegetable oil on Saturday June 22, seeking cargoes to be delivered between August 10 and 25 and/or from August 26 to September 10, sources told Fastmarkets.
Soybean futures regained some strength on Friday June 21 after the previous session's double-digit losses and ended the week in positive territory with support from products.
Fastmarkets’ weekly recap of the main movements in global cash markets.
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
Weekly US net export sales of soyoil rose by 43% in the week to June 13 and reached the highest level since the end of February, with fresh net commitments of 20,900 tonnes of soyoil reported by the USDA on Thursday June 21.
US soybean weekly export sales were up by 48% in the week to June 13 at 556,500 million tonnes from the previous week’s 377,100 tonnes, the USDA reported on Thursday June 21.
China imported 194,652 tonnes of palm olein in May, figures from the country’s General Administration of Customs (GACC) released Thursday June 20 showed.
EU oilseed processing volumes continued to decline in May, falling by almost 2.5% month on month, according to data from EU vegetable oils and protein flour association Fediol dated Thursday 20 June.
Ukrainian farmers have begun harvesting early grain crops, according to a notice on the Ministry of Agrarian Policy of Ukraine’s website dated Friday June 21.
China’s imported soybean auction held on Friday June 21 saw around 182,700 tonnes sold out of the 993,800 tonnes offered, yielding a clearance rate of 18.38%, sources told Fastmarkets.
Canada's grain and oilseeds exports rose by 1% in the week ended Sunday June 16 and amounted to 710,300 tonnes, data from the Canadian Grain Commission released on Friday June 21 shows.