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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 cut its US soybean production and yield estimates for the 2024/25 year and increase its forecast for ending stocks in its World Agricultural Supply and Demand Estimates (WASDE) report to be published on Friday October 11, a Fastmarkets poll of 10 traders and analysts showed on Wednesday October 9.
The soybean CFR China (Brazil) basis assessment for November shipment was assessed
Brazil’s 2024/25 soybean sowing has reached 5.1% of the projected area of 47.4 million hectares and remains behind the 10.1% completion rate from a year earlier, the country’s food agency Conab said. Sowing is delayed in Mato Grosso and at a faster year-over-year pace in Paraná.
Soybean futures dropped double digits on the Chicago Mercantile Exchange on Tuesday October 8 amid the fast pace of harvest in the US and forecasts of rain for South America, with pressure from the sharp decline in crude oil.
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 117,242 tonnes in the week to October 6, according to initial data from the European Commission released on Tuesday October 8.
The soybean CFR China (Brazil) basis assessment for November shipment was assessed...
Chinese state agencies will be holding an auction for imported soybeans on Thursday October 10, with around 150,000 tonnes of beans to be offered for sale, according to a note issued by the National Grain Trade Center (NGTC) on Tuesday October 8.
Brazilian corn exports amounted to 1.09 million tonnes in the first week of October, while soybean shipments reached 731,713 tonnes, according to customs data released on Monday October 7.
US soybean crop harvest accelerated in the week ended Sunday October 6, exceeding analysts’ estimates while corn trailed them, the USDA’s weekly crop report showed on Monday October 7.
Soybean futures on the Chicago Mercantile Exchange fell on Monday October 7 amid a forecast for rain in most of Brazil’s productive areas, as well as expectations of US harvests at a fast pace.
The Russian wheat harvest progressed by another 5 percentage points to be 93% complete in the week ended Friday October 4, exceeding 83.8 million tonnes, according to data seen by Fastmarkets on Monday October 7.
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 November shipment was assessed...
Export inspections of US soybeans were up 110% to 1.43 million tonnes in the week ended October 3, from the 682,852 tonnes recorded a week earlier, USDA data showed on Monday October 7.
The Russian wheat harvest progressed by another 5 percentage points to be 93% complete in the week ended Friday October 4, exceeding 83.8 million tonnes, according to data seen by Fastmarkets on Monday October 7.
Managed money investors in the US corn and soybean contracts, as well as in two of three wheat contracts, trimmed short positions in the week to Tuesday October 1, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday October 4.
Brazilian soybean exports fell by 4.5% in September to 6.1 million tonnes, while corn shipments were 26.6% lower year over year, customs data released on Friday October 4 showed. The country exported 6.4 million tonnes of soybeans a year earlier.
Soybean futures ended the week down on the Chicago Mercantile Exchange on Friday October 4, mainly under bearish pressure from rain forecasts in Brazil while geopolitical tensions and US payroll data remained in focus.