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The Argentine Oilseed Crushers Union (SOEA) announced another strike in Argentinean port units on Thursday June 27 to protest the “Ley de Bases y Puntos de Partida” labor reform law and new tax rules, which will affect the ports of Rosario, San Lorenzo and Bahia Blanca.
Black Sea sunflower oil prices have declined by 5% over the past 10 days after reaching season high levels, trade sources told Fastmarkets on Thursday June 27.
Argentina crushed 3.97 million tonnes of soybeans in May, up by 13.6% from a year earlier, but the share of imported soybeans remained high even at the peak of the harvest, reflecting higher availability from Paraguay and lower-than-expected domestic farmer sales.
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.
After two weeks of strong export sales results for soyoil, US net reductions totaled 10,600 tonnes for 2023/24 — a marketing-year low — in the week to June 20, the USDA reported on Thursday June 27.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels and other cash trading indications on any basis and geography that relate to any of the vital markets that have strong ties with Ukraine.
China’s soybean crush volume rose by 40,000 tonnes to 1.94 million tonnes in the week to June 21 compared with the previous week, according to the most recent data released by the China National Grain and Oil Information Centre (CNGOIC).
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.
Weekly soybean imports into the EU totaled 227,693 tonnes in the week ended Sunday June 23, according to initial data from the European Commission released on Tuesday June 25.
Brazilian soybean exports amounted to10.9 million tonnes in the first three weeks of June, with soyoil exports improving and corn shipments at slow pace, customs data showed late on Monday June 24.
Investors in the US soybean and wheat markets amassed shorts, boosting their net short positions in the week to June 18, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday June 24.
Egypt's state buyer GASC canceled the international tender it had launched to buy at least 30,000 tonnes of overseas soyoil while securing 25,000 tonnes of the vegetable oil domestically, sources told Fastmarkets on Monday June 24.
Egypt's state buyer GASC, launched an international tender for the purchase of vegetable oil on Saturday June 22, seeking cargoes to be delivered between August 10 and 25 and/or from August 26 to September 10, sources told Fastmarkets.
The US has allowed the import of used cooking oil (UCO) from Brazil, the South American country's government announced on Thursday June 20 after the US accepted Brazil's international sanitary certification.
Weekly US net export sales of soyoil rose by 43% in the week to June 13 and reached the highest level since the end of February, with fresh net commitments of 20,900 tonnes of soyoil reported by the USDA on Thursday June 21.
China imported 194,652 tonnes of palm olein in May, figures from the country’s General Administration of Customs (GACC) released Thursday June 20 showed.
EU oilseed processing volumes continued to decline in May, falling by almost 2.5% month on month, according to data from EU vegetable oils and protein flour association Fediol dated Thursday 20 June.
Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.
Argentina’s government no longer requires an export license application (DJVE) for 40 products such as rice corn oil, popcorn and wheat bran, according to a resolution published by the country’s bioeconomy secretariat on Wednesday June 19.
China’s soybean crush volume dropped by 60,000 tonnes to 1.90 million tonnes in the week to June 14 compared with the previous week, according to data released by the China National Grain and Oil Information Centre (CNGOIC) on Tuesday June 18.