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Improving weather conditions across Australia have pushed wheat output estimates above 30 million tonnes for the 2024/25 marketing year, sources told Fastmarkets on Friday August 16.
Ukraine’s grain exports fell by 31% week on week to 813,000 tonnes in the week to August 15, according to data from the country’s State Customs Service released on Friday August 16.
French soft wheat conditions declined by 1 percentage point in the week to August 12, according to a weekly report released by farm agency FranceAgriMer on Friday August 16.
The International Grains Council (IGC) has lowered its world grain production forecast for the 2024/25 marketing year by 6 million tonnes to 2.315 billion tonnes, with the EU accounting for a large portion of the downgrade, according to the council’s latest monthly report.
Western Australian wheat output estimation was revised up by 9% month on month amid continued rain and warm weather conditions in the state, the monthly report from the Grain Industry of Western Australia (GIWA), released on Friday August 16 shows.
Corn harvest in Argentina reached 97.8% of the planted area of 7.6 million hectares in the week to August 14, while wheat conditions declined, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 15.
US wheat contracts declined and European futures dropped to a fresh five-month low on Thursday August 15, as ample global supplies put pressure on markets on both sides of the Atlantic.
The German 12.5% FOB wheat APM basis assessment for September loading was assessed unchanged at a €3 per tonne premium to the December Euronext wheat contract...
Ukraine’s farmers have reached a landmark stage of the season in the week to Thursday August 15, finishing the harvest of the early group of grains and starting the harvest of sunflowers and soybeans, according to government data.
Forecasts of rain in the prime growing regions of China, Australia and Germany will be a major focus of attention among market participants around the globe this week, as well the prospect of frost in Argentina that could damage wheat, Fastmarkets heard on Thursday August 15.
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.
Sales of Argentine soybeans, corn and wheat rose in both the 2023/24 and 2024/25 marketing years in the week to August 7, according to data released by Argentina’s agriculture secretariat on Wednesday August 14.
The US Department of Agriculture (USDA)’s local attaché in Australia has said that the country’s wheat and barley production is projected to climb in 2024/25, while Australian farmers deal with dramatically different growing conditions depending on location.
Prices for corn and wheat on a delivered at place (DAP) basis in Ukraine's water ports have firmed since July amid a lack of offers and rising concerns over the late crops conditions, as well as farmers’ reluctance to sell volumes at lower prices – all this is at odds with what is happening in international markets, trade sources told Fastmarkets.
US weekly net sales of wheat for the 2024/25 crop year totaled 399,900 tonnes during the week to August 8, up by 24% from the previous week, but down by 6% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday August 15.
Algeria’s state-backed grain importing agency has purchased around 500,000 tonnes of durum wheat, traders have told Fastmarkets.
The “Brooklyn Kyiv” grain terminal at Odesa port in southern Ukraine was damaged by a Russian missile attack late on Wednesday August 14, Louis Dreyfus Co (LDC) told Fastmarkets on Thursday.
The German 12.5% FOB wheat APM basis assessment for September loading was assessed unchanged at a €3 per tonne premium to the December Euronext wheat contract...
European wheat futures dropped to a five-month low on Wednesday August 14, while US contracts edged lower, on ample global supply and an outlook of increased competition for market share in export markets.
Buyers from the Philippines booked at least three cargoes of Australian feed wheat for October-November shipment in recent days, sources told Fastmarkets.