Search
In the week to January 16, US 2024/25 net soybean meal sales and exports increased within analysts’ expectations, according to the latest figures released by the US Department of Agriculture on Friday January 24.
EU oilseed crushing volumes rose by an average of 5.26% month on month in December, bringing the total crushing volume for the 2024 calendar year to 39.24 million tonnes, up 3.15% or 1.2 million tonnes of oilseeds year on year, according to data released by the EU association for vegetable oils and protein meals (FEDIOL) on Wednesday January 22.
China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil dropped in the week to Friday January 17, with an increase in rapeseed oil stocks outweighing a drop in palm oil volume while soybean oil stocks stayed flat, according to data from the China National Grain and Oils Information Centre (CNGOIC).
The Brazilian Association of Vegetable Oil Industries (Abiove) increased by 1.8% its forecast for Brazil’s soybean production in the 2024/25 crop year to 171.7 million tonnes, with consequent increments in its exports and crushing estimates for 2025, Abiove’s monthly report showed on Tuesday January 21.
Brazilian corn exports reached 2.02 million tonnes in the first three weeks of January, while soybean exports totaled 539,339 tonnes in the same period, customs weekly data showed on Monday January 20.
Investors in the US corn and soybean markets trimmed shorts while amassing longs in the week to Tuesday January 14, pushing the corn net long to the highest-level since May 2022 and moving soybeans from a net short to a net long for the first time in more than a year, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday January 17.
Workers refuse Vicentin's payment proposal, maintain strike at Argentina's crusher units [corrected]
The Argentine Oilseed Crushers Union (SOEA) decided to maintain a strike at Argentina’s soybean crusher Vicentin started on Saturday January 11, as workers demanded the payment of the agreed-upon bonus and rejected an agreement offer. Workers from the biodiesel company Explora joined the strike because they also did not receive the annual bonus.
US net soybean meal exports rose in the week to January 9, while domestic sales edged downward to a 2024/25 marketing-year low that fell below analysts’ expectations, data from the US Department of Agriculture (USDA) showed on Thursday January 16.
US soybean crush set a new all-time record high in December 2024 at 206.604 million bushels, according to figures released by the National Oilseed Processors Association (NOPA) on Wednesday January 15.
China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil rose in the week to Friday January 10, with an increase in rapeseed and palm oil stocks outweighing a drop in soybean oil volumes, according to data from the China National Grain and Oils Information Centre (CNGOIC).
Workers refuse Vicentin's payment proposal, maintain strike at Argentina's crusher units [corrected[
A correction has been issued for this report.
India imported 1.19 million tonnes of edible vegetable oils in December, down by 25.4% or 404,639 tonnes from November, the lowest level in three months, according to data released by the Solvent Extractors Association of India (SEA) on Tuesday January 14.
Speculators in the US corn markets trimmed short positions while adding longs in the week to Tuesday January 7, which sent the net long climbing to the highest level since November 2022, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday January 13.
Brazilian corn exports amounted to 1.32 million tonnes in the first two weeks of January, while 226,538 tonnes of soybean were shipped in the same period, customs weekly data showed on Monday January 13.
The publication of Fastmarkets’ Ukrainian sunoil and sunmeal, and Russian sunoil assessments between January 2, 2020 and March 11, 2022 were delayed because of a technical issue.
Soybean and soymeal futures rallied, while soyoil prices rose only marginally, after the USDA published the January edition of its World Agricultural Supply and Demand Estimates (WASDE) report on Friday January 10 showing lower-than-expected figures for soybean output and ending stocks in 2024/25.
US net soybean meal sales and exports were down in the week to January 2, and were either below or within analysts’ expectations, according to figures released by the US Department of Agriculture (USDA) on Friday January 10.
China’s agriculture outlook committee (CAOC) has raised its estimates for the country’s corn production and lowered corn imports for 2024/25 in the latest Chinese Agricultural Supply and Demand Estimates (Casde) report released Friday January 10.
Brazil faces local and international policy changes that could reshape the availability of domestic feedstock for the country's biodiesel sector and potentially further reduce soybean oil exports, leading to significant price adjustments as early as the first half of 2025, sources told Fastmarkets.