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The Brazilian Association of Vegetable Oil Industries (Abiove) increased its estimates for Brazil’s soybean output in 2024/25 by 1 million tonnes to 168.7 million tonnes and raised its 2025 soybean export forecast to 104.4 million tonnes, both record volumes, while also elevating its projection for soyoil exports, Abiove’s monthly report showed on Thursday December 12.

Brazilian food agency Conab has trimmed its estimate for the country's total corn crop in 2024/25 to 119.63 million tonnes while marginally increasing its projection for soybean output to 166.2 million tonnes, its monthly report showed on Thursday December 12.

Net US soybean oil sales for the 2024/2025 season increased in the week to December 5 to 63,800 tonnes, while exports were down, the USDA reported on Thursday December 12.

India imported 1.59 million tonnes of edible vegetable oils in November, an increase of 12.4% or 175,691 tonnes from October, reaching a four-month high following a surge in imports of soft oils and amid post-festival season restocking, data released by the Solvent Extractors Association of India (SEA) on Thursday December 12 shows.

China’s inventories of soybean oil and palm oil continued to see a weekly decline in the week to Friday December 6, according to figures from the China National Grain and Oil Information Center (CNGOIC).

Brazil’s National Energy Policy Council (CNPE) approved a resolution on Tuesday December 10, which establishes minimum targets for the use of waste oils and fats, such as tallow and used cooking oil (UCO), in the production of biodiesel, sustainable aviation fuel (SAF) and green diesel.

Brazilian soybean sowing reached 94.1% of the projected area of 47.3 million hectares in the week ended Sunday December 8, a weekly advance of 4.1 percentage points. This surpassed the 89.9% completion rate from a year earlier, national food agency Conab said in its weekly crop progress report published late on Monday December 9.

Futures across the soy complex in Chicago reacted mildly to the USDA World Agricultural Supply and Demand Estimates (WASDE) report released late in the session on Tuesday December 10, with little changes to global balance sheets and an anticipated increase in US soyoil export figures.

China’s Agriculture Outlook Committee (CAOC) has lowered its 2024/25 estimates for the country’s edible vegetable oil imports by 700,000 tonnes to 7.73 million tonnes from the previous month’s 8.43 million tonnes in its December update of the Chinese Agricultural Supply and Demand Estimates (CASDE) released on Tuesday December 10.

Brazilian corn exports totaled 1.17 million tonnes in the first week of December, while soybean exports totaled 665,672 tonnes, customs weekly data showed on Monday December 9.

Brazilian corn exports amounted to 4.7 million tonnes in November, down by 36.2% year on year, while soybean shipments fell by 50.9% to 2.5 million tonnes, official customs data showed.

Investors in the three US wheat markets added short positions in the week to Tuesday December 3, helping send net short positions to multi-month highs, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday December 6.

The EU and Mercosur — the trade bloc that includes Argentina, Brazil, Paraguay and Uruguay — announced on Friday December 6 the end of negotiations for the free-trade agreement between the blocs, but questions linger about the potential impacts on trade flows of agricultural products.

The United Nations Food & Agriculture Organization (FAO) Food Price Index (FFPI) increased by 0.6 points month on month in November, reaching 127.5 points, the FAO said on Friday, December 6.

Net sales of US soyoil fell to 19,500 tonnes in the week ended November 28, down by 84% week on week, but shipments surged after recent strong US sales, the USDA reported on Friday November 29.

Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.

Speculators in US corn, soybean and wheat contracts accumulated short positions in the week to Tuesday November 26, helping reduce the corn net long position while bolstering soybean and wheat net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 2.

US soyoil net sales rose to 124,800 tonnes in the week to November 21, the highest weekly figure since March 2019 and the sixth highest in the USDA historical data that goes back to 1990, the USDA reported on Friday November 29.

Fastmarkets has corrected its AG-SYB-0081 Crush Margin Argentina Soy, which was published incorrectly on Wednesday November 13.

China’s combined stocks of its three major vegetable oils soybean oil, palm oil and rapeseed oil saw an overall weekly drop in the week to Friday November 22, according to data from the China National Grain and Oils Information Centre (CNGOIC).