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Ukrainian exports of sunflower oil, sunflower meal and soybeans fell in the week to Wednesday July 10, official data showed on Thursday July 11, with production volumes of processed products declining amid low sunflower stocks and the shutdown of a number of plants for preventive maintenance, in addition to seasonal factors.
Vegoil future prices in China have been dropping in the past days after a national food security scandal involving Sinograin shocked the nation and hurt consumer sentiment toward the sector, but market participants expect limited impact on soybean crushers going forward.
Brazilian grain exporters association Anec increased its July soybean export forecast to 9.7 million tonnes from the previous estimate of 9.5 million tonnes, according to its latest report released on Wednesday July 10.
Several soybean futures hit contract-low prices in their third-consecutive session of losses on Wednesday July 10, weighed by favorable weather for US crops amid low demand and pressured by a downtrend in soy products.
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 USDA is expected to slightly reduce its soybean acreage and production estimates on its monthly World Agricultural Supply and Demand Estimates (WASDE) report that will be published on Friday July 12, a Fastmarkets poll of 11 traders and analysts showed.
The soybean CFR China (Brazil) basis assessment for August loading was assessed unchanged...
China’s soybean crush volume in the week ended Friday July 5 reached 1.99 million tonnes, down by 190,000 tonnes week on week but a growth of 20,000 tonnes from a month ago.
Sales of Argentine old crop and new crop soybeans, corn and wheat increased in the week to July 3 according to data released by Argentina’s agriculture secretariat.
Soybean futures prices had a second double-digit loss day amid an improvement in the US soybean crop conditions and pressure from derived and external 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 soybean imports into the EU totaled 256,315 tonnes in the week ended Sunday June 30, according to initial data from the European Commission released on Tuesday July 9.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 2 cents higher...
China’s imported soybean auction on Tuesday July 9 saw 202,226.32 tonnes sold out of the 565,547 tonnes offered, yielding a clearance rate of 35.8%, trade sources told Fastmarkets.
Investors in the US corn, soybean and wheat markets accumulated shorts, bolstering their net short positions in the week to Tuesday July 2, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday July 8.
US growing crop conditions improved for major crops in the week to Sunday July 7, with ratings ahead of last week and last year, the USDA’s latest weekly crop progress report showed on Monday July 8.
Brazilian soybean and soyoil exports started the month at a strong pace, while corn shipments were taking longer to pick up, customs data showed late on Monday July 8.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 4 cents lower...
Soybean futures prices started the week by posting double-digit losses amid a favorable weather outlook in the US; declining prices for grains, with corn and wheat significantly lower; and soyoil and soymeal trading in negative territory.
Human and animal nutrition giant ADM announced in a press release on Monday July 8 that it has created a fully verified and traceable supply chain in the US to supply Europe with deforestation-free soymeal and soyoil.