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Chinese state agencies will be holding an auction for imported soybeans Thursday September 19, with around 177,000 tonnes of beans to be offered for sale, according to a notice issued by the National Grain Trade Center on September 14.
Canada’s Saskatchewan province led the way in harvest progress, with Manitoba and Alberta not far behind, as reported in provincial reports released September 9-10 and collated by Fastmarkets.
Investors in the US soybean, corn and wheat contracts slashed short positions in the week to Tuesday September 10, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 13.
The soybean CFR China (Brazil) basis assessment for October loading was assessed...
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Soybean futures ended the week in negative territory on the Chicago Mercantile Exchange on Friday September 13, with pressure from products and after the USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report confirmed on Thursday September 12 that the US is expected to have a bumper crop, despite the reduction in the US output forecast.
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 sowed area in Argentina is expected to reach 17.7 million hectares in 2024/25, up by 7.5% from the previous crop year, leading to an expected output of 52 million-53 million tonnes, while the forecast for new crop corn production was increased to 51 million-52 million tonnes, the Rosario Grain Exchange (BCR) said in its monthly report late on Thursday September 12.
The Brazilian Association of Vegetable Oil Industries (Abiove) trimmed its estimate for Brazil’s soybean crop output in 2023/24 to 153 million tonnes while raising its forecast for soymeal exports by 1.4% to 22 million tonnes, its monthly report showed on Thursday September 12.
Soybean futures rose on the Chicago Mercantile Exchange on Thursday September 12 with support from crude oil and products, as well as from lower production and ending stock estimates for the US soybean 2024/25 crop from the US Department of Agriculture’s monthly World Agricultural Supply and Demand Estimates (WASDE) report.
The soybean CFR China (Brazil) basis assessment for October loading was assessed...
Soyoil and soymeal futures on the Chicago Mercantile Exchange trended higher after the USDA released its monthly World Agricultural Supply and Demand Estimates (WASDE) report on Thursday September 12 with a lower forecast for upstream soybean ending stocks, despite broadly unchanged balance sheets for the soy products.
The US Department of Agriculture has slightly reduced its estimate for US soybean production and ending stocks in 2024/25 while projecting higher global production and ending stocks, the World Agricultural Supply and Demand Estimates (WASDE) report showed on Thursday September 12.
Weather conditions in Brazil and Argentina are expected to bring favorable rain in the week beginning Thursday September 12.
The Ukrainian corn crop harvest advanced by 4 percentage points to 6% complete in the week ended Thursday September 12, out of the 4 million hectares planned for the 2024/25 campaign, according to data from the country’s Ministry of Agrarian Policy and Food, released on Thursday.
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.
US net sales of soybeans for the 2024/25 crop year totaled 1.5 million tonnes in the week ended September 5, within market estimates, data released by the US Department of Agriculture showed on Thursday September 12.
Brazil’s food agency Conab slightly increased its corn crop production forecast to 115.72 million tonnes and estimated the country's grain and oilseeds total production at 298.41 million tonnes in 2023/24 in its last report regarding the crop year, released on Thursday September 12.
China’s agriculture outlook committee (CAOC) has lowered its estimate for the country’s edible vegetable oil imports in 2023/24 while raising production and consumption forecasts for the same period, according to the latest monthly Chinese Agricultural Supply and Demand Estimates (CASDE) released on Thursday September 12.