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Brazilian soybean sowing reached 96.8% of the projected area of 47.3 million hectares in the week ended Sunday December 15, a weekly advance of 2.7 percentage points. This surpassed the 94.6% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report, published late on Monday December 16.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
The EU imported a total of 353,873 tonnes of soybeans in the week ended Sunday December 15, pushing the yearly total to 6.27 million tonnes, which represents a 16% increase compared with the previous year, based on preliminary data from the European Commission.
Chinese state agencies will hold an auction for imported soybeans on Friday December 20, where around 44,000 tonnes of soybeans will be offered for sale, according to a notification released by the National Grain Trade Center (NGTC) on Tuesday December 17.
The French Ministry of Agriculture has updated its forecasts for 2024 crop production as of Tuesday December 17, reflecting mixed trends across various crops.
China’s soybean crush volume in the week to Friday December 13 reached 1.87 million tonnes, according to figures from the China National Grain and Oils Information Centre (CNGOIC).
Brazilian corn exports amounted to 2.37 million tonnes in the first two weeks of December, while soybean exports advance was slow, with 953,876 tonnes shipped in the first half of the month, customs weekly data showed on Monday December 16.
China’s soybean imports for January shipments have been relatively sluggish due to multiple factors including de-risking strategies considering potential tariffs under a second Donald Trump administration in the US and a bumper crop, which is expected to be harvested in South America, sources told Fastmarkets on Monday December 16.
Soybean futures started the week in negative territory on the Chicago Mercantile Exchange, changing directions as US export inspections fell and National Oilseed Processors Association (NOPA) crush figures declined on the month, landing below estimates.
The soybean CFR China (Brazil) basis assessment for February shipment was assessed...
US soybean crush reached a new record for the month of November at 193.19 million bushels, data released by the National Oilseed Processors Association (NOPA) on Monday December 16 showed.
Export inspections of US soybeans were down by 3% to 1.68 million tonnes in the week ending December 12 from the 1.74 million tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday December 16.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Speculators in the US corn market shed short positions while accumulating longs in the week to Tuesday December 10, sending the net long to the highest level since February 2023, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 13.
Soybean futures went down on the Chicago Mercantile Exchange on Friday December 13, pressured by weakness in soy products and despite new US flash sales. Prospects of good weather in South America and a record crop in Brazil also continued to weigh on prices.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
The soybean CFR China (Brazil) basis assessment for January shipment was assessed...
Chinese state agencies held an auction for imported soybeans from the country’s reserves on Friday December 13, where 62,224 tonnes of soybeans were offered though no sales were concluded, trade sources have told Fastmarkets.
South Korea’s state-backed Agro-Fisheries & Food Trade Corp has finalized the purchase of approximately 50,000 tonnes of non-genetically-modified (non-GMO) soybeans in an international tender that closed on Friday December 13, European traders have reported.