Ukraine will not restrict wheat exports in the 2025/26 July-June season due to a higher harvest and lower export rates at the beginning of the current season, deputy economy minister told Reuters on Wednesday.
U.S. soybean futures climbed to the highest level since June 2024 on Monday as China’s state-owned grain trader COFCO ramped up buying following the recent Washington-Beijing trade deal, traders said.
Soybean and corn yields in the United States were revised downward from earlier estimates in updated supply/demand tables from the United States Department of Agriculture released Nov. 14.
Chicago Board of Trade soybean futures rose on Thursday to their highest in nearly 17 months as traders awaited a U.S. government crop report that was expected to lower yield estimates, while also bracing for the resumption of export data to give clues on Chinese buying.
Argentina’s 2025/26 wheat crop is projected to reach a record level, the Rosario Grains Exchange said on Wednesday, as the crop records higher yields during the ongoing harvest.
Regardless of the United States government shutdown ending soon or not, the Department of Agriculture is set to issue its supply and demand report on Nov. 14. The USDA cancelled its October edition of World Agriculture Supply and Demand Estimates due to the shutdown and pushed back their November report a few days.
Chicago soybeans ticked up slightly on Wednesday as traders adjusted positions ahead of the release of official U.S. data on global supply and demand on Friday, the first update in weeks, but prices were capped by a lack of large Chinese purchases.