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US corn, soybean and sunflower harvest progress remained above five-year averages in the week to Sunday October 27, while winter wheat planting progress and crop conditions were lower year on year, the USDA’s weekly crop progress report showed on Monday October 28.
Forecasts for corn, sunflower and soybean yields in the EU have all been cut after a rainy start to autumn, according to the latest EU Monitoring Agricultural Resources (MARS) report.
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Russian farmers have harvested nearly 87 million tonnes of wheat, completing the harvest of more than 98% of the planted area as of October 25, according to data seen by Fastmarkets on Monday October 28.
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.
The Turkish governmental statistics agency (Turkstat) has released its second estimate for grains and oilseeds production for 2024/25 marketing year, decreasing grain production compared with last year, but increasing oilseed production, an official document showed on Friday October 25.
Russia’s sunflower oil export duty has risen above zero for the first time in 18 months, while the sunflower meal export duty has reached its highest since April 2024, according to an update from the country’s Agriculture Ministry on Friday October 25.
Scattered showers in the US Midwest will support late-stage corn and soybean crops, while drought persists in parts of the Plains.
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.
The Ukrainian corn crop harvest advanced by 8 percentage points to 67% of the total planned area in the week ended Thursday October 24, with 15.4 million tonnes brought in from the fields, according to data from the country’s Ministry of Agrarian Policy and Food.
Ukrainian exports of oilseeds and processed sunflower products fell in the week from October 16 to 23, official data from the ?ustoms Statistics Service showed on Thursday October 24.
China’s stocks of soybean oil, rapeseed oil and palm oil were recorded at 2.04 million tonnes in the week to Friday October 18, down from 2.06 million tonnes the previous week, according to data from the China National Grain and Oils Information Center (CNGOIC) on Thursday October 24.
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The EU imported a total of 119,482 tonnes of soybeans in the week to Sunday October 20, bringing the yearly total to 3.73 million tonnes, up by 7% year on year, according to initial data from the European Commission released on Tuesday October 22.
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Oilseed crushing in Argentina was expected to increase by 37% in 2024, to 42.4 million tonnes, the Rosario Grain Exchange (BCR) said in its weekly report published on Friday October 18.
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Corn and sunflower sowing and wheat crop conditions improved in the week to October 16 amid significant rain reported in the past few days, the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 17 showed.
Forecasts in the United States and Canada call for rainfall and cooler temperatures in the week beginning Thursday October 17, with these conditions expected to support the growth of corn, soybean and wheat crops.
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.