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Brazil’s southern region is expected to receive heavy rainfall during the week beginning Thursday November 28, which could benefit corn and soybean crops but also delay some late planting and increase the risk of fungal disease.
The Ukrainian corn harvest progressed by 1 percentage point to 93% of the total planned area in the week to Thursday November 28, with 24.2 million tonnes brought in from the fields, according to the latest data from the Ministry of Agrarian Policy and Food.
Ukrainian weekly sunflower oil and sunflower meal exports increased during the week to November 27, while soybean and rapeseed exports declined, according to the Ministry of Agrarian Policy data released on Thursday November 28.
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.
The Turkish government is to further reduce import duties on sunflower seeds from the start of 2025 to bolster support local farmers, according to an announcement in the Official Gazette of the Republic of Turkey.
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.
The EU imported a total of 91,201 tonnes of soybeans in the week ended Sunday November 24, pushing the yearly total to 4.95 million tonnes, which is a 7% increase compared with the previous year, based on preliminary data from the European Commission.
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.
Russian winter wheat planting advanced by less than 1% during the week ending Friday November 22, with the harvest of grains and oilseeds also slowly progressing to its final stages, according to data seen by Fastmarkets.
Argentina’s soybean crush rose by 122.6% year on year in October to 4.14 million tonnes, according to data from the Secretariat of Agriculture, Livestock and Fisheries (SAGyP) released on Thursday October 21.
Soybean sowing advanced 16 percentage points in the week to November 20, reaching 35.8% of the projected area of 18.6 million hectares, according to a Buenos Aires Grains Exchange (BAGE) report released on Thursday November 21.
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.
EU oilseed crushing volumes rose by an average of 11% month on month in October, but remain below the record high of 3.5 million tonnes set in March, according to data released by the EU vegetable oil and protein meal association, FEDIOL, on Friday, November 22.
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.
The Americas will experience a mix of conditions in the week beginning Thursday November 21, with favorable weather in the US Midwest supporting the harvest of corn and soybeans, while drought stress in the Southern Plains could hamper winter wheat establishment.
A correction has been issued for this report.
The Ukrainian corn harvest progressed by 3 percentage points to 92% of the total planned area in the week ended Thursday November 21, with 23.6 million tonnes brought in from the fields, according to the latest data from the Ministry of Agrarian Policy and Food.
Ukrainian exports of sunflower meal and oilseeds, including rapeseed and soybeans, increased week on week on Wednesday November 20, according to data from the Ministry of Agrarian Policy released on Thursday November 21. However, exports of sunflower meal decreased during this period.
Fastmarkets commits to publishing daily 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.
Market sources suggested that the export duty on sunflower oil from Russia may increase by 200% in December compared with November, and by another 50% in January compared with December, amid a steady increase in prices for vegetable oils, which supports sunflower oil prices.