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South Africa’s Crop Estimates Committee (CEC) released its seventh production forecast for summer crops in 2024, as well as a first winter production forecast.
Euronext's commitment of traders report in the week to Friday August 23 showed the net-short position in wheat futures continued to rise, after investors continued to grow the size of their total short positions on the exchange.
Canadian farmers are expected to harvest more wheat, canola and oats in 2024 compared with the prior year, while corn and barley output is expected to trail 2023 levels, according to yield model estimates using satellite imagery and agroclimatic data, Statistics Canada (Stat Can) said on Wednesday August 28.
Brazil’s second corn crop (safrinha) harvest reached 97.9% complete out of the 16.3-million-hectare projected area in the week to Sunday August 25, a 1.5 percentage point advance and ahead of the 84% completion rate in the same period of 2023, national food agency Conab announced on Monday August 26.
Sales of Argentine soybeans and corn rose for both the 2023/24 and 2024/25 marketing years in the week to August 21, while wheat sales diverged on different market years, according to data released by Argentina’s agriculture secretariat on Wednesday August 28.
Wheat harvesting in the Brazilian state of Paraná advanced by 3 percentage points in the week to Monday August 26, reaching 6% of the projected area of 1.15 million hectares, state agency Deral’s weekly report showed on Tuesday August 27.
US and European milling wheat contracts rebounded on Tuesday August 27, after the USDA reported that US spring wheat conditions declined and with the recent selloff to fresh lows attracting bargain buyers.
The Russian wheat crop harvest reached 64% complete in the week ended August 26, from the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Tuesday August 27.
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 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 EU's weekly wheat exports amounted to 237,666 tonnes in the week to August 25, according to initial data from the European Commission released on Tuesday August 27.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the first half of October, trade sources told Fastmarkets on Tuesday August 27.
Yield forecasts for almost all crops have been revised down and are now mostly below the five-year average in the EU’s latest Monitoring Agricultural Resources (MARS) report, published on Monday, August 26.
US corn, soybean crop and spring wheat crop conditions declined in the week to Sunday August 25, the USDA’s weekly crop progress report showed on Monday August 26.
Chicago wheat futures fell to the lowest level in more than three years and the European milling wheat contract slipped to a five-month low on Monday August 26 while ample global supplies and low prices for Black Sea grain continue to put pressure on markets.
Across Canada’s top crop-growing regions, the province of Saskatchewan leads the way in harvest progress as of the past week, as reported in provincial reports collated by Fastmarkets.
Export inspections of US wheat rose by 44.1% to 537,179 tonnes during the week to Thursday August 22 from 372,707 tonnes the previous week, according to data from the USDA released on Monday August 26.
Fastmarkets will not publish any price assessments for wheat, barley, corn, vegoils and meals for Europe, Ukraine and Russia, nor Black Sea sunflower, on Monday August 26 due to holidays in Ukraine and the United Kingdom.
Managed money investors in the US soybean and corn contracts trimmed long positions in the week to Tuesday August 20, helping bolster net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday August 23.
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...