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Vegoil future prices in China have been dropping in the past days after a national food security scandal involving Sinograin shocked the nation and hurt consumer sentiment toward the sector, but market participants expect limited impact on soybean crushers going forward.
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.
China’s soybean crush volume in the week ended Friday July 5 reached 1.99 million tonnes, down by 190,000 tonnes week on week but a growth of 20,000 tonnes from a month ago.
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.
Investors in the US corn, soybean and wheat markets accumulated shorts, bolstering their net short positions in the week to Tuesday July 2, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday July 8.
Brazilian soybean and soyoil exports started the month at a strong pace, while corn shipments were taking longer to pick up, customs data showed late on Monday July 8.
Human and animal nutrition giant ADM announced in a press release on Monday July 8 that it has created a fully verified and traceable supply chain in the US to supply Europe with deforestation-free soymeal and soyoil.
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.
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 soyoil exports hit a marketing-year high at 29,200 tonnes in the week to June 27, versus 5,100 tonnes shipped in the previous week, reflecting recent strong new commitments for the 2023/24 crop year, the USDA reported on Friday June 5.
The UN's Food and Agriculture Organization (FAO) Food Price Index was unchanged at 120.6 points in June, halting three months of growth, on the back of increased prices of vegoils, sugar and dairy products and decreased price of cereals, the FAO said on Friday July 5.
Brazilian soybean exports reached a record 13.9 million tonnes in June, with soyoil exports up by 4%, while corn and wheat shipments declined, customs data showed late on Wednesday July 4.
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.
Brazil’s federal government increased the amount of resources for Plano Safra — a subsidized agricultural credit program — for the 2024/25 marketing year by 10% to a record 400.6 billion Real ($72.1 billion), up from the previous year’s 364.2 billion Real.
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.
China’s soybean crush volume in June reached 8.6 million tonnes, slightly lower than earlier market expectation of 9 million tonnes for the period, according to data released by the China National Grain and Oil Information Centre (CNGOIC) this week.
The USDA attaché in Brazil reduced its estimates for the country’s 2023/24 soybean output due to floods in the South and yield losses in other states, while raising its projections for 2024/25.
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.
Investors in the US agricultural sector accumulated short positions in all major markets, boosting their net short positions in the week to June 25, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday June 28.
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.