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Tunisia's state grain importer has issued an international tender to buy 75,000 tonnes of soft milling wheat for shipment in September-October, according to a document seen by Fastmarkets on Tuesday August 20.
Japan's Ministry of Agriculture has issued an international tender for the purchase of 81,442 tonnes of wheat from the US and Canada for loading in October, an official note published by the ministry on Tuesday August 20 showed.
Harvest progress across Alberta, Saskatchewan and Manitoba — Canada’s top crop-growing regions — continued under way in the week to August 13, with concerns for crop conditions because of hot and dry weather, as reported in provincial reports collated by Fastmarkets.
US corn, soybean and barley crop conditions were unchanged in the week to Sunday August 18, while spring wheat conditions improved week on week, the USDA’s weekly crop progress report showed on Monday August 19.
European wheat futures declined on Monday August 19, and US contracts were mixed as ample Black Sea supply outweighed concerns about output declines in France and Germany, and market participants awaited data on US crop progress.
The German 12.5% FOB wheat APM basis assessment for October loading was assessed unchanged at a €4 per tonne premium to the December Euronext wheat contract...
The Russian wheat crop harvest reached 58% complete out of the 29.8 million hectares planned for the 2024/25 campaign in the week ended August 16, according to data seen by Fastmarkets on Monday August 19, while a decline in yields affected almost all regions where mass harvesting is taking place.
Export inspections of US wheat rose by 47.9% to 347,519 tonnes during the week to Thursday August 15 from 666,662 tonnes the previous week, according to data from the USDA released on Monday August 19.
China’s corn imports in July rose by 18.5% from June to 1.09 million tonnes, estimates from the country’s General Administration of Customs (GACC) released on Sunday August 18 show.
Canada’s new 2024/25 marketing year started with higher weekly wheat and rapeseed export numbers compared with a year ago, while exports of other crops are also noticeably higher, according to data from the Canadian Grain Commission published on Monday August 19.
Speculators in US soybean and corn contracts, as well as two of three wheat contracts, increased short positions in the week to Tuesday August 13, helping boost net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 16.
Argentina’s 2024/25 corn sowed area is expected to drop by 15% year on year to 7.4 million hectares from the previous crop year’s 8.7 million ha, Argentina’s Secretariat of Agriculture, Livestock and Fisheries (Sagyp) said on Friday August 16.
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...
US and European wheat futures rebounded on Friday August 16 on speculation that prices have dropped too far, especially given recent projections of lower grain production in France and Germany, Europe’s biggest producers.
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The US hard red winter (HRW) wheat harvest is almost 90% complete with good crop quality, while about half of the nation’s soft white (SW) crop has been reaped, the latest harvest report from the US Wheat Associates (USWA) showed on Friday August 16.
Russia’s wheat export volumes from Black Sea ports totaled 951,299 tonnes in the week ended Friday August 15, an increase of 7% from the previous week, a Fastmarkets analysis of port lineup data showed.
Argentina’s corn crop area is expected to decline by 21% in the 2024/25 season to 7.67 million hectares, leading to a 49 million tonne output, flat from the projection for the 2023/24 crop year, the Rosario Grain Exchange (BCR) said in its first estimates for the new crop year in its monthly report released on Thursday August 15.
The Russian wheat export tax has risen threefold for the August 21-27 period after declining for a few weeks in a row, the official update from the agriculture ministry showed on Friday August 16.