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US growing crop conditions were mixed in the week to Sunday June 30, with corn, winter wheat and barley ratings declining week on week, the USDA’s weekly crop progress report showed on Monday July 1.
After a consultation period, Fastmarkets has amended the pricing methodology of for several soybean price assessments to better reflect quality specifications, payment terms and delivery periods used in the market.
Soybean futures rebounded on Monday July 1, with a bias to the front end of the curve borrowing strength from surging soyoil prices.
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 August loading was assessed 2 cents per bushel higher...
Export inspections of US soybeans landed within market estimates at 303,023 tonnes during the week to Thursday June 27, a 13.4% dip from 349,884 tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday July 1.
Investors in the US agricultural sector accumulated short positions in all major markets, boosting their net short positions in the week to June 25, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday June 28.
Soybean futures rebounded slightly on Friday June 28, backed by bargain buying after trading at multi-year lows on the previous day, but they gave away part of the earlier gains after the USDA’s acreage and quarterly stocks reports were published.
The quarterly US Grain Stocks update, released on Friday June 28, revealed higher year-on-year stocks for corn, wheat and soybeans, with all figures exceeding market estimates shared by analysts before the release.
US corn and wheat planted areas were down year on year, but the soybean estimated planted area increased, according to the USDA Acreage report released on Friday June 28.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 8 cents...
China’s imported soybean auction held on Friday June 28 saw around 154,668 tonnes sold out of the 899,379 tonnes offered, yielding a clearance rate of 17.2%, sources told Fastmarkets.
The Argentine Oilseed Crushers Union (SOEA) announced another strike in Argentinean port units on Thursday June 27 to protest the “Ley de Bases y Puntos de Partida” labor reform law and new tax rules, which will affect the ports of Rosario, San Lorenzo and Bahia Blanca.
Argentina’s recent rains accelerated planting and harvesting efforts in the country in the week ended Wednesday June 26, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday June 27.
Black Sea sunflower oil prices have declined by 5% over the past 10 days after reaching season high levels, trade sources told Fastmarkets on Thursday June 27.
Soybean futures were broadly flat on Thursday June 27 with little change on the news and fundamentals fronts, and with the market awaiting the USDA’s acreage and quarterly stocks reports that will be published before the weekend.
The US Midwest turned colder, and drier weather is expected to favor areas with saturated soils after recent excessive rains.
Argentina crushed 3.97 million tonnes of soybeans in May, up by 13.6% from a year earlier, but the share of imported soybeans remained high even at the peak of the harvest, reflecting higher availability from Paraguay and lower-than-expected domestic farmer sales.
The soybean CFR China (Brazil) basis assessment for August loading was assessed 4 c/bu lower at a premium of 178 cents per bushel to the August CME soybean futures contract...