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The soybean CFR China (USG) basis assessment for October loading was assessed...
Soybean futures on the Chicago Mercantile Exchange rebounded on Thursday August 29 after US export sales data surpassed market participants’ estimates, with support from short covering after recent losses.
Drought conditions in much of Ukraine are threatening the sowing of rapeseed, while much-needed precipitation would be welcomed by corn and soybean farmers in the US Midwest, and an easing of heavy rain in northeast China would help with waterlogged fields, Fastmarkets heard on Thursday August 29.
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.
Ukrainian corn harvesting has officially started, while sunflower and soybean harvesting is underway amid continued dry weather conditions, according to data from the country’s Ministry of Agrarian Policy and Food released on Thursday August 29.
Chinese soyoil inventories were estimated at 1.11 million tonnes in the week ended August 23, 20,000 tonnes lower than a week earlier, according to figures from the China National Grain and Oils Information Center (CNGOIC) published on Thursday August 29.
Ukrainian weekly exports of rapeseed increased by 23% week on week in the week to August 28, while exports of sunflower oil decreased over the period, amid a seasonal suspension of activity, official data published on Thursday August 29 shows.
A correction has been issued for this report.
Soybean sowing in Brazil’s 2024/25 marketing year will be delayed because of a longer wait for regular volumes of rain, which could reduce the ideal window for the sowing period of the second corn crop, weather and grain analysts said on Wednesday August 28 during the Datagro Abertura de Safra conference.
Soybean futures on the Chicago Mercantile Exchange returned to negative territory on Wednesday August 28 after three consecutive sessions of gains, as recent rains have eased concerns regarding a heat wave in the US Midwest and pressure has come from lower crude oil and soymeal, as well as a higher US dollar Index.
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 (USG) basis assessment for October loading was assessed 13...
Canadian farmers are expected to harvest more wheat, canola and oats in 2024 compared with the prior year, while corn and barley output is expected to trail 2023 levels, according to yield model estimates using satellite imagery and agroclimatic data, Statistics Canada (Stat Can) said on Wednesday August 28.
Fastmarkets has corrected its price assessments for AG-SYB-0036 soymeal FOB Argentina Premium and AG-SYB-0035 soymeal FOB Argentina, which were published incorrectly on Monday August 26.
China’s soybean crush volume in the week ended August 23 was up by 30,000 tonnes compared with the previous week, to 2.05 million tonnes, according to figures released by the China National Grain & Oils Information Center (CNGOIC) on Wednesday August 28.
Chinese authorities conducted an imported soybean auction on Wednesday August 28, with 79,462 tonnes sold out of the 411,813 tonnes offered, sources have told Fastmarkets.
The Brazilian grain exporters association, Anec, has reduced its corn, soybean and soymeal export estimates for August, according to its latest weekly report published on Tuesday August 27.
Sales of Argentine soybeans and corn rose for both the 2023/24 and 2024/25 marketing years in the week to August 21, while wheat sales diverged on different market years, according to data released by Argentina’s agriculture secretariat on Wednesday August 28.
The prospect of lower prices should not intimidate Brazilian soybean producers in the new crop year — Brazilian consultancy Datagro expects Brazil to harvest an even bigger soybean crop than initially estimated for 2024/25 and has pegged the country’s new soybean crop output at 167 million tonnes.
Soybean futures on the Chicago Mercantile Exchange traded higher on Tuesday August 27, dragging support from slightly worse US soybean crop conditions and weather.