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Temperatures across key agricultural regions in the United States are forecast to plunge well below average during the week beginning Thursday February 13, posing significant risks to winter wheat and barley crops — particularly in areas lacking adequate snow cover for insulation.
Brazilian food agency Conab has increased its estimate for the country’s total corn crop by 2.1%, to 122 million tonnes, while slightly cutting its projection for the country’s 2024/25 soybean output by 0.2%, to 166 million tonnes, its monthly report showed on Thursday February 13.
US soybean net sales for 2024/25 fell by 52% in the week to February 6 to 185,500 tonnes, from the previous week’s 387,700 tonnes and by 74% the prior four-week average, landing below the market participants’ average expected range of 300,000-800,000 million tonnes, data from the USDA showed on Thursday February 13.
The soybean CFR China (Brazil) basis assessment for March shipment was assessed..
Ukrainian exports of sunflower meal and soybeans increased in the week to Wednesday February 12, while sunflower oil exports decreased, according to data from the country’s Ministry of Agrarian Policy published on Thursday February 13.
The crush margin for soybean processing in Ukraine is at least five times higher than that for sunflower processing, leading to a 48% increase in soybean crushing from September to January of the 2024/25 season compared with the same period last year.
The Brazilian Association of Vegetable Oil Industries (Abiove) maintained its forecasts for Brazil’s soybean production in the 2024/25 crop year and exports in 2025, but its crushing estimates increased, Abiove’s monthly report showed on Wednesday February 12.
Soybean futures posted two-digit losses on the Chicago Mercantile Exchange on Wednesday February 12, pressured by lower crude oil and product prices and by favorable weather outlooks for both Brazil and Argentina in the coming days.
Sales of new Argentine soybean, corn and wheat crops increased during the week to February 5, while old crop sales decreased, according to data released by Argentina’s agriculture secretariat on Wednesday February 12.
The soybean CFR China (Brazil) basis assessment for March shipment was assessed...
India’s palm oil imports comprising of crude palm oil (CPO), refined bleached deodorized (RBD) palm olein and crude palm kernel oil (CPKO) fell sharply to 275,241 tonnes in January, marking the lowest in 13 years, according to figures released by industry group Solvent Extractors Association of India (SEA) on Wednesday February 12.
Brazilian grain exporters’ association Anec increased its estimates for Brazilian soybean exports to 10.01 million tonnes in February from the previous week’s forecast of 9.7 million tonnes, its weekly report showed on Tuesday February 11.
Soybean futures on the Chicago Mercantile Exchange slipped on Tuesday February 11 after the USDA kept its estimates for US production and ending stocks while cutting its forecast for global production, ending stocks and Argentina’s output beyond market projections.
The EU imported 81,676 tonnes of soybeans in the week ended Sunday February 9, pushing the total for the current marketing year to 8.36 million tonnes, up by 10% year on year, according to preliminary data from the European Commission.
The US Department of Agriculture reduced its global forecast for soybean production and ending stocks in 2024/25 below market projections, cutting Argentina’s output estimate but keeping Brazil’s output unchanged in its World Agricultural Supply and Demand Estimates (WASDE) report released on Tuesday February 11.
The soybean CFR China (Brazil) basis assessment for March shipment was assessed...
The USDA released its World Agricultural Supply and Demand Estimates (WASDE) monthly report on Tuesday February 11 with unchanged US balance sheets across the soy complex, a lower soybean output forecast for Argentina and higher expectations for soymeal exports from Brazil.
China’s agriculture outlook committee (CAOC) has kept its 2024/25 outlook for the country’s corn, soybeans and vegoils supply and demand estimates broadly unchanged from last month in the latest Chinese Agricultural Supply and Demand Estimates (Casde) report released on Tuesday February 11.
China crushed processed 470,000 tonnes of soybeans in the week to Friday February 7, as more crushing plants reopened following the Lunar New Year Holiday break, according to data from the China National Grains and Oils Information Centre (CNGOIC).