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The German 12.5% FOB wheat APM basis assessment for August loading was assessed unchanged at a €6 per tonne discount to the December Euronext wheat contract...
The Russian grain crop harvest progressed by another 7.5 percentage points through the week ended Wednesday July 10, including a wheat harvest that is 21.5% completed, and yields again declined, according to data seen by Fastmarkets on Thursday July 11.
Brazil’s food agency Conab raised its second corn crop production forecast to 90 million tonnes for the 2023/24 crop year in its monthly supply and demand report released on Thursday July 11.
France’s state-backed farm agency FranceAgriMer has left its forecast unchanged for 2023/24 soft wheat exports outside the EU in its monthly outlook published on Thursday July 11.
US weekly net sales of wheat for the 2024/25 crop year totaled 240,400 tonnes during the week to July 4, the US Department of Agriculture (USDA) said on Thursday July 11.
South Korean feed importer Major Feedmilll Group (MFG) concluded its feed wheat tender on Thursday July 11, picking up one cargo of around 68,000 tonnes for October arrival, sources told Fastmarkets.
Exports of milling wheat from the port of Rouen in France rose by 24,562 tonnes, or 43% week on week, to 80,843 tonnes during the week to July 10, according to data released by port operator Haropa.
South Korean feed importer Korea Feed Association (KFA) has passed on a tender for November 11 arrival of 50,000-68,000 tonnes of corn, which closed on Thursday July 11. A rival Korean buyer, however, continued negotiations for feed wheat purchases, sources told Fastmarkets.
Brazilian grain exporters association Anec increased its July soybean export forecast to 9.7 million tonnes from the previous estimate of 9.5 million tonnes, according to its latest report released on Wednesday July 10.
The German 12.5% FOB wheat APM basis assessment for August loading was assessed unchanged at a €6 per tonne discount to the December Euronext wheat contract...
South Korea’s flour millers’ association KOFMIA has bought 86,000 tonnes of North American wheat but has passed on another 40,000 tonnes, trade sources told Fastmarkets on Wednesday July 10.
US and European wheat prices fell on Wednesday July 10, on speculation that the USDA will bolster its domestic 2024/25 crop-ending stocks and output forecasts in the World Agricultural Supply and Demand Estimates (WASDE) report on Friday July 12.
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.
Euronext’s commitment of traders’ report in the week to July 5 showed a rise in short positions, while long positions in wheat futures fell, leading to an overall net short for the contract.
The USDA's influential World Agricultural Supply and Demand Estimates (WASDE) report for July is projected to bolster its domestic 2024/25 crop-ending stocks and production projections while slightly boosting global stockpile estimates, according to analysts polled by Fastmarkets.
Algeria’s state grains agency OAIC is understood to have made purchases of milling wheat under its international tender, traders told Fastmarkets.
Spanish warehouses are full of imported grain due to continuing sluggish demand, with buyers holding back in anticipation of being able to purchase better local crops, sources told Fastmarkets on Wednesday July 10.
Sales of Argentine old crop and new crop soybeans, corn and wheat increased in the week to July 3 according to data released by Argentina’s agriculture secretariat.
The second corn crop harvest in the Brazilian state of Paraná advanced 13 percentage points in the week to Monday July 8, to 66% of the 2.4 million-hectare sowed area, state agency Deral's weekly report showed on Tuesday July 9.
The first results have been obtained since the wheat harvest started in Russia, and so far yields have been better than expected, which has led local analysts to revise upward their forecasts for wheat production in the 2024/25 marketing year.