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China’s soyoil inventories were estimated at 1.06 million tonnes in the week ending July 12, or 40,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday July 18 showed.
Canada's grain and oilseed exports fell by 22% to 547,000 tonnes in the week to Sunday July 14, with a decrease in the flow of almost all major crops for a second week in a row, according to data from the Canadian Grain Commission published on Friday July 19.
Egypt’s GASC purchases 20,000 tonnes of foreign sunflower oil, 28,000 tonnes of domestic soybean oil
Egypt’s state buyer General Authority for Supply Commodities (GASC) purchased 20,000 tonnes of foreign sunflower oil and 28,000 tonnes of domestic soybean oil in a tender closed on Thursday July 18, sources told Fastmarkets.
The International Grains Council (IGC) has increased its world grain production forecast for the 2024/25 marketing year by 8 million tonnes to 2.321 billion tonnes in its latest monthly report, which became a new all-time high, due to better wheat yield prospects and higher US corn harvest estimates.
Soybean futures rose for the third consecutive session on Thursday July 18, boosted by a new US flash sale report from the US Department of Agriculture and bargain buying, with additional support coming from soyoil gains.
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.
Soyoil export premiums for short-term loadings have increased in Brazil in the week to Wednesday July 17, and the spread between Brazilian and Argentine soyoil bases widened in the past week amid rising domestic soyoil prices in Brazil.
Ukraine’s harvest reached 24% completion in the week to Thursday July 18, according to government data released on Thursday, while the duration of exposure to high temperatures will determine the effect on the formation of the yield of late crops.
In Ukraine, drought conditions are expected to linger in much of the country, with central, southern and eastern regions expected to see 20-30% reductions in the harvests of late crops such as corn, sunflower seeds and soybeans.
Sales of Argentine old crop and new crop soybean and wheat decreased in the week to July 10, as well as corn sales of the 2023/24 crop, while sales of the 2024/25 corn crop rose, according to data released by Argentina’s agriculture secretariat on Wednesday July 17.
US soybean oil exports for the 2023/24 marketing year totaled 6,500 tonnes in the week to July 11, down by nearly 33% from the previous week and by 45% from the four-week average, the USDA reported on Thursday July 18.
The soybean CFR China (USG) basis assessment for September loading was assessed 7...
US weekly soybean net sales rose by 73% in the week ended July 11 to 360,100 tonnes, from the previous week’s 208,000 tonnes. This was within market expectations and was up by 13% compared with the previous four-week average, the US Department of Agriculture reported on Thursday July 18.
The first volumes for the 2024/25 Ukrainian rapeseed harvest season were declared for export in the week leading up to July 17, official data published on Thursday July 18 showed, while exports of sunflower oil increased and sunflower meal and soybeans decreased.
Soybean futures were slightly down on Wednesday July 17, pressured by soyoil losses, despite support from external markets and soymeal.
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.
The soybean CFR China (Brazil) basis assessment for September loading was assessed 5 cent...
China concluded an imported soybeans auction on Wednesday July 17 with a total of 233,406 tonnes sold out of the 547,614 tonnes offered, yielding a 42.6% clearance rate, sources told Fastmarkets.
China’s soybean crush volume in the week ended Friday July 12 rose from the previous week to 2.06 million tonnes, figures from the China National Grain and Oils Information Centre (CNGOIC) released this week showed.
Egyptian state buyer General Authority of Supply Commodities (GASC) issued an international and local tender to buy vegetable oils for September delivery on Wednesday July 17, a market source told Fastmarkets.