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The German 12.5% FOB wheat APM basis assessment for November loading was unchanged at a €8 per tonne premium over the December Euronext contract
China’s corn and wheat imports in August fell to their lowest levels for several years, with the pace of buying in the country slowing after a frenetic phase of imports earlier this year, sources told Fastmarkets on Wednesday September 18.
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 September 13 showed the net short position in wheat futures contracted by 13% after investors trimmed their short positions – leading to a net short position of 89,456 lots.
The Vietnamese agriculture ministry released a preliminary estimate of the losses to the feed industry caused by typhoon Yagi, which hit northern regions of the country around 10 days ago. The official letter, dated Tuesday September 17, also calls the industry for help.
France's state-backed farm agency FranceAgriMer has cut its forecast for total wheat exports from France by some 4 million tonnes, to 10.1 million tonnes, down by 39.2% from 16.6 million tonnes of exports in the 2023/24 marketing year.
Soybean planting for the 2024/25 crop has started in Brazil's Paraná and reached 1% of the 5.8 million hectares projected area in the week to Monday September 16, summer corn sowing reached 46% of the 267,800 hectares projected area, according to state agency Deral’s weekly report released on Tuesday September 17.
Jordan’s state grain importer has booked 60,000 tonnes of milling wheat for shipment in the second half of December, trade sources told Fastmarkets on Wednesday September 18.
Tunisia’s state grain importer has issued an international tender to buy 25,000 tonnes of soft milling wheat and 25,000 tonnes of durum wheat for shipment in November, according to a document seen by Fastmarkets on Wednesday September 18.
Soybean sowing in the 2024/25 marketing year has started in limited areas of the Brazilian state of Mato Grosso but has not yet reached 1% of the projected area, the agricultural state agency IMEA said late on Monday September 16.
US and European wheat futures were mixed on Tuesday September 17, with traders consolidating their positions after prices tumbled the previous day amid technical trading.
Ukrainian feed wheat prices have been heard at levels similar to those for corn for October loading on an FOB and or CIF Spain/Italy basis, resulting in European buyers’ preference being for feed wheat purchases, market sources said on Tuesday September 17.
The German 12.5% FOB wheat APM for November loading was assessed at an €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.
European Union weekly wheat exports amounted to 482,744 tonnes in the seven days to Sunday September 15, according to initial data from the European Commission on Tuesday.
The Russian wheat crop harvest was 78% complete in the week to Monday September 16, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Tuesday, but heavy rainfall in some regions poses a threat to future harvests.
Japan’s Ministry of Agriculture has issued an international tender for the purchase of 123,012 tonnes of wheat from the US, Canada and Australia for loading in October-January, according to an official note published on Tuesday September 17.
In its production forecast for the new 2024 marketing year, France’s farm ministry Agreste estimates a 9.25 million tonnes, or 26.5%, year-on-year decline in French wheat production to 25.8 million tonnes.
Ukraine's rapeseed sowing campaign advanced by 13 percentage points to 61% complete in the week ended Monday September 16, with 688,400 hectares planted out of the 1.1 million ha planned for 2025/26, according to the country's Ministry of Agrarian Policy.
US corn crop ratings were reported at 65% in good-to-excellent condition in the week to Sunday September 15, exceeding analysts' projections, the USDA’s weekly crop progress report showed on Monday September 16.