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Workers refuse Vicentin's payment proposal, maintain strike at Argentina's crusher units [corrected]
The Argentine Oilseed Crushers Union (SOEA) decided to maintain a strike at Argentina’s soybean crusher Vicentin started on Saturday January 11, as workers demanded the payment of the agreed-upon bonus and rejected an agreement offer. Workers from the biodiesel company Explora joined the strike because they also did not receive the annual bonus.
US net soybean meal exports rose in the week to January 9, while domestic sales edged downward to a 2024/25 marketing-year low that fell below analysts’ expectations, data from the US Department of Agriculture (USDA) showed on Thursday January 16.
US soybean crush set a new all-time record high in December 2024 at 206.604 million bushels, according to figures released by the National Oilseed Processors Association (NOPA) on Wednesday January 15.
China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil rose in the week to Friday January 10, with an increase in rapeseed and palm oil stocks outweighing a drop in soybean oil volumes, according to data from the China National Grain and Oils Information Centre (CNGOIC).
Workers refuse Vicentin's payment proposal, maintain strike at Argentina's crusher units [corrected[
A correction has been issued for this report.
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.