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The Russian government has significantly increased its wheat export tax for the October 16-22 period, according to a note published by the country’s agriculture ministry on Friday October 11.
Ukraine’s grain export volumes fell to 695,000 tonnes during the week to October 10, down by 290,000 tonnes, or 29%, from 985,000 tonnes the previous week, according to data released by the country’s State Customs Service on Friday October 11.
Soybean sowing has started in the Brazilian state of Rio Grande do Sul, while wheat harvest is in its early stages but is delayed in comparison to the same period last year, state agency Emater/RS said in a report released on Thursday October 10.
The French corn harvest advanced by four percentage points in the week to October 7, with 6% of the total planted area now harvested, a weekly report from the country’s farm office FranceAgriMer showed on Friday October 11.
Canada’s grain and oilseed exports rose by 34%, or 276,900 tonnes, in the week ended Sunday October 6, to total 1.1 million tonnes, with gains in canola, soybean, and wheat flows, according to data from the Canadian Grain Commission released on Friday October 11.
Corn sowing reached 18.6% of the projected sown area of 6.3 million hectares in Argentina, a 4.8 percentage points weekly advance, with rain bringing relief to dry areas in the center of the country, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 10.
Persistent warmth and dryness in the US Midwest and Great Plains will exacerbate drought conditions during the week beginning Thursday October 10, while frost risks in the Canadian Prairies could affect late-maturing grains.
US and European wheat futures advanced on Thursday October 10 as market participants took positions before the US Department of Agriculture’s influential World Agricultural Supply and Demand Estimates (WASDE) report, which is expected to lower forecasts for global and domestic ending stocks.
Sales of Argentine new crop soybeans dropped while sales of corn and wheat spiked in the week to October 2, according to data released by Argentina’s agriculture secretariat on Wednesday October 9.
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract...
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.
US weekly net sales of wheat for the 2024/25 crop year totaled 433,600 tonnes during the week to October 3, down by 2% from the previous week but up by 31% from the prior four-week average, the US Department of Agriculture said on Thursday October 10.
Just 71,900 tonnes of milling wheat was exported from Rouen in the week to October 9, according to data released by French port operator Haropa.
Brazilian soybean and corn exports are expected to fall year on year in October, while soymeal shipments are forecast to increase, the country’s grain exporters association Anec said in its weekly report on Wednesday October 9.
Russia’s agriculture ministry to meet with grain exporters on potential export restrictions: sources
A meeting between Russia’s Ministry of Agriculture and the country’s grain exporters is expected to be held on Friday October 11 to discuss potential restrictions on exports, sources told Fastmarkets on Wednesday October 9.
US wheat futures edged higher on Wednesday October 9, with traders taking cues from technical signals and speculation that the USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report will show lower forecasts for global and domestic 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.
Euronext's commitment of traders report in the week to October 4 showed the net short position in wheat futures contracted by 45% as investors continued to shift their positioning, reducing short positions and adding to long positions – leading to a net short position of 60,618 lots.
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract
The USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report for October is projected to reduce estimates for both domestic and global 2024/25 crop ending stocks, according to analysts polled by Fastmarkets.