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Brazilian soybean exports reached a record 13.9 million tonnes in June, with soyoil exports up by 4%, while corn and wheat shipments declined, customs data showed late on Wednesday July 4.
The Rio Grande port authority in Brazil’s Rio Grande do Sul state has started the dredging process to clear the inner and outer channels in the entry point to the port, where silting was more severe, following floods in the state back in May.
Ukraine’s harvest accelerated in the week to Thursday July 4 and reached 6% completion, with all regions joining the campaign, according to government data released on Thursday.
The United Nations’ Agricultural Market Information Service (AMIS) increased both its global corn and wheat output forecasts and marginally reduced its soybean production outlook in its July update, released on Thursday July 4.
The soybean market was mostly muted in the Americas on Thursday July 4 as trading of benchmark futures contracts on the Chicago Mercantile Exchange was halted amid the national holiday in the US, with trading to resume in the overnight session.
Drier weather in the upper Midwest in the US is expected to promote crop development and assist in shrinking pockets of excessive wetness.
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.
Brazil’s federal government increased the amount of resources for Plano Safra — a subsidized agricultural credit program — for the 2024/25 marketing year by 10% to a record 400.6 billion Real ($72.1 billion), up from the previous year’s 364.2 billion Real.
Ukrainian exports of sunflower oil, sunflower meal and soybean meal increased in the week to July 3, official data from the Ministry of Agrarian Policy showed on Thursday July 4.
Brazilian soybean exports reached a record 13.9 million tonnes in June and are expected to decline from July onward while corn shipments pick up, grain exporters association Anec said in its weekly report on Wednesday July 3.
Soybean futures prices increased on Wednesday July 3 amid soaring soyoil futures and a strong pace of Chinese buying on the South American cash market.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 3 cents per bushel lower...
Brazilian farmers sold the largest daily volume of soybeans since the start of the 2023/24 marketing year, with sales bolstered by the recent sharp devaluation of the domestic currency, while China snapped up several cargoes on the export market, sources told Fastmarkets on Wednesday June 3.
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.
China’s soybean crush volume in June reached 8.6 million tonnes, slightly lower than earlier market expectation of 9 million tonnes for the period, according to data released by the China National Grain and Oil Information Centre (CNGOIC) this week.
Chinese authorities will offer roughly 910,000 tonnes of imported soybeans for auction on Friday July 5, according to a notice issued by the country’s National Grain Trade Center (NGTC) on Wednesday July 3.
Soybean futures were broadly unchanged on Tuesday July 2 amid underlying support from rising soyoil prices and favorable weather prospects in the US.
The USDA attaché in Brazil reduced its estimates for the country’s 2023/24 soybean output due to floods in the South and yield losses in other states, while raising its projections for 2024/25.
Sentiment among US agricultural producers slipped slightly in June, with the Index of Future Expectations responsible for the decline, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday July 2.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 4 cents per bushel lower...