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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.
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.
Investors in the US soybean, corn and wheat contracts slashed short positions in the week to Tuesday September 10, helping reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday September 13.
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
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 soybean sowed area in Argentina is expected to reach 17.7 million hectares in 2024/25, up by 7.5% from the previous crop year, leading to an expected output of 52 million-53 million tonnes, while the forecast for new crop corn production was increased to 51 million-52 million tonnes, the Rosario Grain Exchange (BCR) said in its monthly report late on Thursday September 12.
The Brazilian Association of Vegetable Oil Industries (Abiove) trimmed its estimate for Brazil’s soybean crop output in 2023/24 to 153 million tonnes while raising its forecast for soymeal exports by 1.4% to 22 million tonnes, its monthly report showed on Thursday September 12.
Soyoil and soymeal futures on the Chicago Mercantile Exchange trended higher after the USDA released its monthly World Agricultural Supply and Demand Estimates (WASDE) report on Thursday September 12 with a lower forecast for upstream soybean ending stocks, despite broadly unchanged balance sheets for the soy products.
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 agriculture outlook committee (CAOC) has lowered its estimate for the country’s edible vegetable oil imports in 2023/24 while raising production and consumption forecasts for the same period, according to the latest monthly Chinese Agricultural Supply and Demand Estimates (CASDE) released on Thursday September 12.
Soybean oil imports into India rose by 16% in August from the prior month to 454,639 tonnes, marking the highest level since July 2022 when volumes reached 519,566 tonnes, data from industry group Solvent Extractors Association of India (SEA) released on Thursday September 12 shows.
Soybean oil stocks in China continued to see a gradual decline, with inventories as of Friday September 6 recorded at 1.09 million tonnes, according to data published by the China National Grain and Oil Information Center (CNGOIC) on Thursday September 12.
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.
Egyptian state buyer General Authority of Supply Commodities (GASC) booked 69,700 tonnes of sunflower oil in an international tender, ignoring soybean oil that had been part of the same tender, trading sources told Fastmarkets on Tuesday September 10.
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.