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.Weekly US soybean oil and meal exports for the 2023/24 marketing year were down in the week to September 26, figures published by the US Department of Agriculture on Thursday October 3 showed.
The premium of crude palm oil (CPO) to soyoil on a CFR India basis has jumped by $10 per tonne (25%) to $50 per tonne as of Wednesday October 2 from a month ago, after the rise in CPO prices outpaced that for soyoil.
US processors crushed 168 million bushels of soybeans in August, down by 13% from 193 million bu in July and by 0.6% from 169 million bu in August 2023, the USDA’s Monthly Fats and Oils report showed on Tuesday October 1.
Investors in the United States soybean and corn markets slashed short positions in the week to Tuesday September 24, helping trim net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 27.
In the week to September 19, US soybean oil exports and sales fell sharply from 2023/24 marketing-year highs in the prior weekly period, according to data released by the USDA on Thursday September 26.
The export prices of soyoil, palm oil and sunoil have risen in their main points of origin monitored by Fastmarkets, more than a week after the increase in tax duty in India, the largest vegetable oil importer in the world.
China’s soybean crush volume in the week ended Friday September 20 slipped to 2.05 million tonnes, 8.5% lower from the previous week, according to figures from the China National Grain and Oil Information Center (CNGOIC).
Argentina's total production of grains and oilseeds in 2024/25 is projected at 143.2 million tonnes, up 9.3% from the previous crop year's 131 million tonnes, the Rosario Grain exchange (BCR) said on Tuesday September 24.
Argentina's soybean crush for August posted a major year-on-year gain, but recorded a month-on-month drop, according to data from the Argentina Secretariat of Agriculture, Livestock and Fisheries (Sagyp) released on Friday September 20.
Brazilian soybean exports reached 4.37 million tonnes in the first three weeks of September, while corn shipments amounted to 4.7 million tonnes, according to customs data released on Monday September 23.
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.
US soybean oil exports and sales surged to fresh 2023/24 marketing-year highs in the week ended September 12, according to the latest figures from the USDA, published 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.
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.
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.
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.
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).
US soybean crush volumes in August 2024 fell to 158.01 million bushels, down by close to 25.0 million bu, 13.6%, from the month before, data released by the National Oilseed Processors Association (NOPA) showed on Monday September 16.