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US and European wheat futures rose on Thursday December 5 on concerns about the quality of Russian winter wheat and the effect of heavy rain on Australian crops, Fastmarkets heard on Thursday December 5.
Russia’s weekly wheat export volumes from Black Sea ports rose to 949,088 tonnes in the week to December 4, up by 28% from 742,885 tonnes the previous week, data from Fastmarkets’ research team showed on Thursday December 5.
An official correction has been issued for this report.
Farmers in Canada were expected to harvest more wheat, soybeans and oats in 2024, while the country’s estimated production of canola, corn and barley was down from the figures for 2023, national agency Statistics Canada (StatCan) said in a report published on Thursday December 5.
US weekly net sales of wheat for the 2024/25 crop year totaled 378,200 tonnes during the week to Thursday November 28, up by 3% from the previous week, but down 10% from the prior four-week average, the US Department of Agriculture (USDA) said on Thursday December 5.
Nearly 150,000 tonnes of milling wheat were exported from Rouen in the week to Wednesday December 4, according to data released by French port operator Haropa.
Sales of both old and new Argentine soybean and wheat crops increased during the week to Wednesday November 27, while corn diverged between market years, according to data released by Argentina’s agriculture secretariat on Wednesday December 04.
US and European wheat futures were little changed on Wednesday December 4, with market participants on both sides of the Atlantic awaiting fresh headlines before making sizable bets on movement in either direction.
The German 12.5% FOB wheat APM for January loading was assessed at a €13 per tonne premium over the March Euronext contract, with offers received at a €14 per tonne premium above the same contract. No data was excluded.
Turkey’s state-backed grains agency TMO cancelled its export tender for durum wheat, passing on bids to buy 100,000 tonnes for January 6-27 loading, trade sources told Fastmarkets on Wednesday December 4.
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.
Thailand’s Feed Millers’ Association (TFMA) has purchased a Panamax cargo of feed wheat at a price around the mid $250s per tonne CFR Liner Out in February, in a tender that closed on Wednesday December 4, trade sources have told Fastmarkets.
Brazilian soybean sowing reached 90% of the projected area of 47.3 million hectares in the week ended December 1, a weekly advance of 6.7 percentage points, Fastmarkets heard.
The German 12.5% FOB wheat APM for January loading was assessed at an €13 per tonne premium over the March Euronext contract...
US wheat futures were mixed for a second session on Tuesday December 3, with market participants awaiting fresh headlines before making big bets on movement in either direction.
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.
Sentiment among US agricultural producers jumped in November, with the main driver being producers’ confidence in the future, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday December 3.
The European Union's weekly wheat exports amounted to 147,064 tonnes in the week to Sunday December 1, according to initial data from the European Commission.
Japan's Ministry of Agriculture has issued an international tender to purchase 111,405 tonnes of wheat from the US, Canada, and Australia for loading in January-March, an official note published by the ministry on Tuesday December 3 shows.
Speculators in US corn, soybean and wheat contracts accumulated short positions in the week to Tuesday November 26, helping reduce the corn net long position while bolstering soybean and wheat net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 2.