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Brazil’s food agency Conab has slightly increased its second corn crop production forecast to 90.3 million tonnes for the 2023/24 crop year, while cutting its summer crop estimates by 2% from the previous month's forecast, its monthly supply and demand report showed on Tuesday August 13.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the second half of September, trade sources told Fastmarkets on Tuesday August 13.
Algeria’s state-backed grain importing agency has issued a fresh tender for a nominal 50,000 tonnes of durum wheat, according to an official document seen by Fastmarkets.
The Egypt’s General Authority of Supply Commodities (GASC) has only booked 280,000 tonnes of milling wheat sourced from Ukraine and Bulgaria, paying $241.98 per tonne FOB and $266.21 per tonne CFR on average in a tender for 3.8 million tonnes, according to an official document released by GASC on late Monday August 12.
US corn and soybean crop conditions were unchanged in the week to Sunday August 11, while the winter and spring wheat harvests advanced at a faster clip than projected, the USDA’s weekly crop progress report showed on Monday August 12.
European wheat futures fell on Monday August 12, while declines in Chicago futures eased after the USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report bolstered the global production forecast while unexpectedly trimming estimates for US output and ending stocks.
The German 12.5% FOB wheat APM basis assessment for September loading was assessed unchanged at a €2 per tonne premium to the December Euronext wheat contract...
The US Department of Agriculture has reduced its estimates of US wheat stocks and production for the 2024/25 marketing year, while also reducing its expectations for global ending stocks.
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 Russian wheat crop harvest reached 56% complete out of the 29.8 million hectares planned for the 2024/25 campaign in the week ended August 9, according to data seen by Fastmarkets on Monday August 12.
Export inspections of US wheat rose by 37.99% to 649,199 tonnes during the week to Thursday August 8, from 470,482 tonnes the previous week, according to data from the USDA released on Monday August 12.
Canada’s top crop-growing regions continued to endure crop damage due to insufficient moisture and increasing heat in the week to August 5-6, although recent thunderstorms have provided some relief, as reported in provincial reports collated by Fastmarkets.
Investors in US soybean, corn and wheat contracts slashed short positions in the week to Tuesday August 6, helping to reduce net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 9.
US wheat futures advanced on Friday August 9 as market participants took positions before the USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report on Monday August 12.
The German 12.5% FOB wheat APM basis assessment for September loading was assessed unchanged at a €2 per tonne premium to the December Euronext wheat contract...
The Russian Ministry of Agriculture has reduced the export duty on wheat and increased it on corn for the week of August 14-20, leaving the duty on barley unchanged, according to data from the official website published on Friday August 9.
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 US hard red winter (HRW) wheat harvest is 80% complete while the reaping of soft white (SW) wheat continues to advance under favorable weather, with reports of excellent yields and high quality, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 9.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Russia’s wheat export volumes from Black Sea ports totaled 886,507 tonnes in the week ended Friday August 9, largely stable from the previous week, a Fastmarkets analysis of port lineup data showed.