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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.

Soybean oil imports into India rose by 16% in August from the prior month to 454,639 tonnes, marking the highest level since July 2022 when volumes reached 519,566 tonnes, data from industry group Solvent Extractors Association of India (SEA) released on Thursday September 12 shows.

Ukraine’s 2024/25 marketing year started with lower weekly sunflower oil and meal export numbers compared with a year ago, while exports of soybean were noticeably higher, according to data from the country’s State Customs Service released on Thursday September 12.

Soybean oil stocks in China continued to see a gradual decline, with inventories as of Friday September 6 recorded at 1.09 million tonnes, according to data published by the China National Grain and Oil Information Center (CNGOIC) on Thursday September 12.

Sales of Argentine soybeans, corn and wheat for the 2023/24 marketing year fell in the week to September 4, according to data released by Argentina’s agriculture secretariat on Wednesday September 11.

The soybean CFR China (Brazil) basis assessment for October loading was assessed...

Soybean futures rebounded on the Chicago Mercantile Exchange on Wednesday September 11 after falling below $10 per bushel the day before because of new Brazil’s new crop estimates, Fastmarkets heard.

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.

Chinese state agencies conducted an auction of imported soybeans on Wednesday September 11, with 255,956 tonnes of beans offered for sale and 78,689 tonnes sold, trade sources have told Fastmarkets.

China’s soybean crush volume for the week ended Friday September 6 rose by 7.8% from the previous week to 2.2 million tonnes, data from the China National Grain and Oils Information Center (CNGOIC) showed this week.

The soybean CFR China (Brazil) basis assessment for October loading was assessed...

Brazilian grain exporters association Anec reduced its estimates for soybean exports in September to 5.5 million tonnes while increasing corn shipments estimates to 6.4 million tonnes, its weekly report showed on Tuesday September 10.