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Estimated Chinese soyoil inventories were at 1.13 million tonnes in the week ended August 2, 30,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Friday August 9 showed.
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 net soybean meal export shipments and sales for the 2023/24 marketing year were up sharply in the week to August 1, data released by the USDA on Thursday August 8 showed.
One of the plants of the Kernel company, based in Western Ukraine, was damaged by a Russian drone strike on the night of Wednesday August 7.
Egypt’s state importer bought 36,600 tonnes of sunflower oil in an international tender closed on Wednesday August 7 and skipped purchasing soybean oil in a separate tender due to high prices.
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.
Soybean crushing in Brazil will likely not repeat the solid growth of previous years, due to a smaller supply after crop losses this year and despite strong domestic demand, the Brazilian Association of Vegetable Oil Industries (Abiove) said.
China’s soybean crush volume in the week ended Friday August 2 rose by 100,000 tonnes from the previous week to 2.07 million tonnes while the country’s soymeal stocks continued to be at a record high, according to the latest figures from the China National Grain & Oils Information Center (CNGOIC).
Brazilian soybean exports reached a record 11.2 million tonnes in July, up by 16% year on year from 9.69 million tonnes, supported by strong demand from China. Corn shipments totaled 3.5 million tonnes in the same month, down by 16% from a year earlier, according to customs data released on late Tuesday August 6.
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.
Egypt’s state buyer launched two new tenders on Tuesday August 6, seeking to secure October-November supplies of soybean and sunflower oil, sources told Fastmarkets.
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.
Speculators in the US soybean market increased short positions in the week to Tuesday July 30, helping boost the net short position, which neared the record high reached in July, commitment of traders' data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 2.
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 United Nations’s Food and Agriculture Organization (FAO) Food Price Index fell by 0.2 points from its revised June figures to 120.8 points in July, as decreased prices of cereals were more significant than increased prices of vegoils, sugar and meat products, the FAO said on Friday August 2.
US processors crushed 184 million bushels of soybeans in June, down by 4.2% from 192 million bu in May but up by 5.1% from 175 million bu in June 2023, according to the USDA's Monthly Fats and Oils report released on Thursday August 1.
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 2023/24 soybean oil exports and sales were down in the week to July 25, the USDA reported on Thursday August 1.
Ukrainian weekly exports of rapeseed more than doubled week on week in the week to July 31, while exports of sunflower oil also increased over the reporting period, official data published on Thursday August 1 showed.
Chinese soyoil inventories were estimated at 1.1 million tonnes in the week ended July 26, 20,000 tonnes higher than a week earlier, figures from the China National Grain and Oils Information Centre (CNGOIC) published on Thursday August 1 showed.