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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.
The USDA’s attaché in Argentina increased its estimates for the country’s soymeal and soyoil exports and production in 2024/25, while keeping soybean output and crush forecasts unchanged, a report released late on Monday January 6 showed.
China’s combined stocks of its major vegoils soybean oil, palm oil and rapeseed oil fell in the week to Friday January 3, with the drop in soybean and palm oil stocks outweighing an increase in rapeseed oil volumes, according to data from the China National Grain and Oils Information Centre (CNGOIC).
Speculators in the US corn markets reduced short positions while amassing longs in the week to Tuesday December 31, which resulted in the net long surging to the highest level since February 2023, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday January 6.
Net sales and exports of US soybean meal dropped during the week to December 26, coming in within analysts’ expectations, according to data released by the US Department of Agriculture (USDA) on Friday January 3.
The United Nations Food & Agriculture Organization (FAO) Food Price Index (FFPI) for December decreased by 0.5%, or 0.6 points, month on month in December from November’s 127.6 points, the FAO reported on Friday January 3.
US processors crushed 210 million bushels of soybeans in November, the USDA’s Monthly Fats and Oils report released on Thursday January 2 showed.
China’s combined inventories of three major vegoils – soybean oil, palm oil and rapeseed oil – rose marginally in the week to Friday December 27, according to figures from the country's National Grain and Oils Information Center (CNGOIC)
India has bought more than 80,000 tonnes of soyoil from South America and the United States in the last days of 2024 amid a drop in soyoil prices that widened the gap with competing oils in India, sources told Fastmarkets.
Speculators in the US corn and soybean markets shed short positions in the week to Tuesday December 24, while bolstering short positions in the country’s three wheat contracts, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 30.
The USDA attaché in Brazil increased its estimate for the country's 2024/25 soybean crop to a record 165 million tonnes, up by 4 million tonnes from the previous estimate, with exports estimated at a record soybean 105 million tonnes in 2025, while increasing production estimates, a report showed late on Friday December 27.