Over the past week, wheat, corn, and soyoil futures in Chicago decreased, while soybean and soymeal futures saw increases. Except for wheat, all changes were minimal. In Paris, wheat and corn futures experienced significant declines, while rapeseed futures saw a slight decrease.
Yesterday, the Chicago commodity exchange was closed due to a public holiday in the United States. In Paris, wheat futures declined, corn futures mostly trended downward, while rapeseed futures increased.
According to a forecast by SagyP, soybean acreage for the 2024/25 season in Argentina will reach 17.8 million hectares (compared to 16.6 million hectares in 2023/24). Currently, 36% of the planned areas have been sown.
Yesterday, wheat and soyoil futures fell in Chicago, corn remained unchanged, while soybean and soymeal futures rose. In Paris, wheat, corn, and rapeseed futures declined.
Turkey is removing the 8% import tariff on sunseed imports within an annual quota of 1 million tons. Outside the quota, the tariff will be 12% (down from 27% previously).
Yesterday, wheat and soyoil futures rose in Chicago, while corn, soybean, and soymeal futures declined. In Paris, wheat futures increased, while corn and rapeseed futures fell.
By the end of last week, 55% of winter wheat crops in the United States were in good to excellent condition (up from 49% the previous week, 44% two weeks earlier, and 50% a year earlier).
