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The Russian government has set a separate wheat export quota for Crimea, effective from March 1, 2025, an official document dated Friday February 28 showed.
Investors in the US corn and soybean markets boosted short positions in the week to Tuesday February 25, helping trim the net long in both commodities, according to data released by the Commodity Futures Trading Commission (CFTC) late on Friday February 28.
US wheat futures fell for a fifth day on Friday February 28, with market participants expressing concern that markets could be disrupted if US President Trump’s 25% tariffs on Canada and Mexico go into effect as planned on March 4.
Fastmarkets’ weekly recap of the main movements in global cash markets.
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.
Russia has lowered its export duties on wheat, corn and barley for March 5-11, the country’s agriculture ministry said on Friday February 28.
Newly appointment US Secretary of Agriculture Brooke Rollins said that reducing the country’s $45.5 billion agriculture trade deficit would be a major focus during her tenure, in remarks to the US Department of Agriculture’s Annual Agricultural Outlook Forum on Friday February 28.
Tunisia’s state grain importer, Office des Céréales (ODC), has purchased 25,000 tonnes of milling wheat in an international tender that closed on Friday February 28, Fastmarkets understands.
Canada’s overall weekly grain exports went down in the week to Sunday February 23, with those for barley, corn and canola increasing, while soybean, wheat and durum exports decreased, according to the latest data published by the Canadian Grain Commission on Friday February 28.
Russia’s wheat exports from Black Sea ports remained below average in the two-week period ended Thursday February 27, totaling 721,780 tonnes, according to Fastmarkets analytics data published on Friday February 28.
French farm agency FranceAgriMer's latest crop report for the week of February 18–24 showed a slight decline in wheat conditions, while spring barley sowing reached 56% completion.
Sales of Argentine soybean rose on both old and new crop in the week to February 19, while that of corn and wheat were mixed, according to data released by Argentina’s agriculture secretariat on Wednesday February 26.
Showers are expected to continue in northwestern and western Argentina during the week beginning Thursday February 27, limiting losses caused by dry weather that had threatened 2024/25 crops. However, temperatures above 40°C will persist in northern Argentina.
US wheat futures decreased for a fourth day on Thursday February 27 amid concerns that proposed tariffs could affect grain trade and signs that crops throughout the Northern Hemisphere survived cold weather without major damage.
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.
The German 12.5% FOB wheat APM for April loading was assessed unchanged at a premium of €4.50 per tonne over the May Euronext contract...
US weekly wheat net sales for the 2024/25 crop year totaled 269,000 tonnes during the week to February 20, down by 50% from the previous week and 46% from the prior four-week average, according to data released by the USDA on Thursday February 27.
Euronext’s commitment of traders report for the week to Friday February 21 showed a continued bearish sentiment in French milling wheat and corn futures on the exchange but a slight uptick in the rapeseed net long position, according to data released on Wednesday February 26.
Initial projections for 2025/26 US planted area indicated increases in corn and wheat acreage compared with the prior crop year, while farmers are expected to decrease the sowing of soybeans, according to the USDA's Grains and Oilseeds Outlook for 2025, released on Thursday February 27.
A correction has been issued for this report.