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Chinese state agencies conducted an auction of imported soybeans on Thursday September 19, with 177,268 tonnes of soybeans offered for sale and 21,679 tonnes sold, trade sources told Fastmarkets.
US weekly soybean net sales for the 2024/25 crop year were up by 21% to 1.78 million tonnes in the week to September 12, from 1.47 million tonnes in the previous week and above market estimates, the US Department of Agriculture (USDA) reported on Thursday September 19.
Ukrainian exports of sunflower oil, sunflower meal and soybeans remained slow in the September 12-18 period, while rapeseed exports remained relatively strong, data from the State Customs Service showed on Thursday September 19.
China’s soybean oil stocks rose to 1.11 million tonnes at the close of the week ending September 13, 20,000 tonnes higher than the previous week, data from the China National Grain and Oil Information Center (CNGOIC) released on Thursday September 19 shows.
Sales of Argentine soybeans, corn and wheat for the 2023/24 marketing year fell in the week to September 11, according to data released by Argentina’s agriculture secretariat on Wednesday September 18.
Soybean futures were up on the Chicago Mercantile Exchange on Wednesday September 18 ahead of the US Federal Reserve decision on interest rates, amid technical buying and concerns over potential sowing delays in Brazil due to dry weather.
The soybean CFR China (Brazil) basis assessment for November loading was assessed...
China’s corn and wheat imports in August fell to their lowest levels for several years, with the pace of buying in the country slowing after a frenetic phase of imports earlier this year, sources told Fastmarkets on Wednesday September 18.
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.
Soybean planting for the 2024/25 crop has started in Brazil's Paraná and reached 1% of the 5.8 million hectares projected area in the week to Monday September 16, summer corn sowing reached 46% of the 267,800 hectares projected area, according to state agency Deral’s weekly report released on Tuesday September 17.
China’s soybean crush volume for the week ending September 13 was reported at 2.24 million tonnes, a 30,000-tonne increase from the previous week, according to data from the China National Grain and Oil Information Center released on Wednesday September 18.
Soybean sowing in the 2024/25 marketing year has started in limited areas of the Brazilian state of Mato Grosso but has not yet reached 1% of the projected area, the agricultural state agency IMEA said late on Monday September 16.
Brazil is projected to harvest a new record crop in 2024/25 of 166.3 million tonnes of soybean and to export record volumes in 2025, while corn production is expected to rise to 119.8 million tonnes, the country's food agency (Conab) said on Tuesday September 17, in its first estimate for the new crop year.
Brazilian grain exporters association Anec increased its estimates for soybean exports to 5.82 million tonnes and for corn shipments to 6.63 million tonnes in September, its weekly report showed on Tuesday September 17.
Soybean futures on the Chicago Mercantile Exchange (CME) traded broadly unchanged on Tuesday September 17 after the United States Department of Agriculture (USDA) reported a faster pace in the US soybean harvest compared to the previous crop year.
Weekly soybean imports into the EU totaled 101,825 tonnes in the week to September 15, according to initial data from the European Commission released on Tuesday September 17.
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 Russian wheat crop harvest was 78% complete in the week to Monday September 16, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Tuesday, but heavy rainfall in some regions poses a threat to future harvests.
Brazilian soybean exports reached 3.01 million tonnes in the first half of September, while corn hit 3.07 million tonnes, according to customs data released on Monday September 16.
The 'Fuels of the Future' bill could increase the soybean crushing for biodiesel production to 55.8 million tonnes in 2025, up from the current 31 million tonnes forecast for 2024, according to data from The Brazilian Association of Vegetable Oil Industries (Abiove).