Soybean
Market News
Brazil’s 2024/25 soybean sowing has reached 5.1% of the projected area of 47.4 million hectares and remains behind the 10.1% completion rate from a year earlier, the country’s food agency Conab said. Sowing is delayed in Mato Grosso and at a faster year-over-year pace in Paraná.
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.
Weekly soybean imports into the EU totaled 117,242 tonnes in the week to October 6, according to initial data from the European Commission released on Tuesday October 8.
Chinese state agencies will be holding an auction for imported soybeans on Thursday October 10, with around 150,000 tonnes of beans to be offered for sale, according to a note issued by the National Grain Trade Center (NGTC) on Tuesday October 8.
Brazilian corn exports amounted to 1.09 million tonnes in the first week of October, while soybean shipments reached 731,713 tonnes, according to customs data released on Monday October 7.
US soybean crop harvest accelerated in the week ended Sunday October 6, exceeding analysts’ estimates while corn trailed them, the USDA’s weekly crop report showed on Monday October 7.
The Russian wheat harvest progressed by another 5 percentage points to be 93% complete in the week ended Friday October 4, exceeding 83.8 million tonnes, according to data seen by Fastmarkets on Monday October 7.
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.
Soybean
Corporate News
Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...
Wilmar International has confirmed one of its terminals was damaged in an "incident" and estimated that it will take up to six months to repair the facilities destroyed after a missile attack on the Ukrainian port of Pivdenny...
The Louis Dreyfus Company (LDC) reported a $60 million loss for 2023 amid the deconsolidation of its Russian business...
Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 2023 financial year...
The agricultural giant Archer Daniels Midland (ADM) has seen its share prices tumble after it said it had placed its Chief Financial...
Brazil's grain and oilseeds producer SLC Agricola, one of the country´s largest agricultural companies, has cut its soybean...
China's average hog price dropped by 1.4% and 36.6% on the week and year last week, respectively...
China plans to purchase 10,000 mt of frozen pork for state reserves, the third batch of such buying this year, in response to declining hog prices...
Soybean
Policy News
India is targeting to boost its domestic edible oil production to 25.45 million tonnes by 2030/31, following the approval of the National Mission on Edible Oils and Oilseeds (NMEO-Oilseeds), the government said in a statement issued in the late evening on Thursday October 3.
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
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 Ukrainian government has adopted a minimum export price policy resolution, but the policy may only come into force a few months later, Taras Vysotsky, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting late on Wednesday August 21.
With the war in Ukraine ongoing, the government has started to implement measures to bring more people into the army, with a new law implemented from May 18 that all enlisted men are obligated to renew their data in the defense ministry system...
Tang Renjian, the minister of China’s Ministry of Agriculture and Rural Affairs, has been put under investigation by the country’s anti-corruption watchdog...
China has vowed to boost its grain output by more than 100 billion catties (50 million tonnes) by 2030 in a new action plan issued by the country’s state council on Tuesday April 9, with a focus on increasing corn and soybean production.