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The recently concluded EU-Mercosur free-trade agreement, after 25 years of negotiation, is expected to have limited immediate impact on South American agricultural exports to Europe.
The French corn harvest advanced by 7 percentage points in the week to Monday November 25, with 89% of the total planted area now harvested, according to the latest weekly report from FranceAgriMer.
Argentina’s soybean sowing area estimate for the 2024-25 crop was raised by 0.6%, to 17.9 million hectares, while the wheat output was projected at 17.6 million tonnes, the country’s Secretariat of Agriculture, Livestock and Fisheries (SagyP) monthly report showed on Thursday November 21.
Fastmarkets has corrected select forward price months for AG-CRN-0051 Corn CIF Vietnam c$/bu, which were published incorrectly on Thursday November 14.
The USDA’s latest report shows that the US corn and soybean harvests have exceeded market expectations
Speculators in the US corn market cut short positions, helping send the net short to the highest level since August 2023, while adding shorts in soybean and wheat contracts in the week to Tuesday October 29, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday November 1.
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