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US spring planting faces high soil moisture: USDA

  • Spanish Market: Agriculture
  • 03/04/23

The US Department of Agriculture's (USDA) crop progress report shows elevated levels of soil moisture in the major grain producing states, which could slow spring planting.

In its first crop progress report for the 2023-24 marketing year, the USDA reports 19pc surplus condition for topsoil compared with 13pc at the same time last year and 57pc adequate as compared to 50pc last year.

Illinois, Indiana, Ohio, Michigan, and Wisconsin are all over 45pc in surplus condition, representing 28pc of corn acreage for 2023-24.

The northern states of North Dakota, South Dakota, and Minnesota are at 12pc, 8pc and 27pc, respectively, although the potential for flooding exists based on NOAA's spring outlook.The USDA shows Texas at 57pc of intended corn acres planted versus the five-year average of 54pc. With that said, corn planting begins in late April for most of the Midwest with most of the corn crop planted by mid-May.

Winter wheat conditions are 28pc good to excellent versus the same time last year at 30pc, while poor to very poor are at 36pc this year, similar to last year.

By Eduardo Gonzalez

Surplus Moisture.pdf Surplus Moisture

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Indonesia necessitates UCO, Pome oil export approvals


08/01/25
08/01/25

Indonesia necessitates UCO, Pome oil export approvals

Singapore, 8 January (Argus) — Indonesian exporters of palm oil derivative products must now obtain approvals to ship them out of the country, according to a regulation released by the Indonesian ministry of trade today. The palm oil derivative products include used cooking oil (UCO) and palm oil residue palm oil mill effluent (Pome) oil. The regulation is to ensure adequate availability of feedstocks to support the rollout of Indonesia's B40 mandate, under which companies will have to supply 40pc biodiesel blends from the end of February . Export approvals will be valid for six months from the date of issuance, according to the regulation. Further export policies will be discussed and agreed upon in an upcoming co-ordination meeting between relevant ministries and non-ministerial government institutions which market participants said is likely to be held on 13 or 14 January. The service for applying for export approvals will be temporarily suspended until the meeting is held. During the meeting, a quota system for exports might also be discussed, said Indonesia-based market participants. An integrated team could also be formed to supervise exports, including bodies such as the Co-ordinating Ministry of Economic Affairs, Ministry of Trade, Industry, Agriculture, Finance and others. Indonesia-origin UCO prices in flexibag have been on an uptrend since the end of October 2024, rising to over 1½-year highs of $960/t on 20 December, according to Argus' assessments. They were slightly higher at $965/t on 7 January and remained at that level on 8 January. Argus assessed Pome oil fob Indonesia at a 29-month high of $1,010/t on 9 December, although prices have since softened slightly to $960/t on 8 January. Prices were driven up by escalating palm oil prices, and the country raising export levies on UCO and Pome oil to 6pc and 7.5pc of the monthly crude palm oil (CPO) reference price respectively in September last year. More recently, UCO sellers were short on stocks, and rushed to aggregate volumes to fulfill export obligations. Another round of export levy increases is looming, although market participants feel this might not be enough to fund B40 across all transport sectors as well. The country's ministry of energy and mineral resources said on 3 January that biodiesel producers and fuel retailers must supply 15.6mn kilolitres of biodiesel to fulfill the B40 mandate. By Sarah Giam Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Turkey allocates SFS, SFO import quotas to buyers


06/01/25
06/01/25

Turkey allocates SFS, SFO import quotas to buyers

Kyiv, 6 January (Argus) — Turkey has allocated import tariff quotas for sunflower seeds (SFS) and sunflower oil (SFO) for January-April to local buyers. Under the quotas, 1mn t of SFS and 400,000t of SFO are allowed to be imported at reduced import duties from 1 January-30 April. SFS within the allocated volume will benefit from 0pc import duty, while duties outside of the allocated quota are set at 12pc. For SFO, the allocated quota import duty is set at 20pc and at 36pc outside of the allocated quota. In August, Turkey introduced tariff quotas on SFS and SFO to allow local buyers of domestic products to benefit from lower import duties, while supporting Turkish farmers during harvest at the start of the 2024-25 marketing year (September-August). In November, the country reduced SFS duties further . Turkey is one of the world's largest importers of SFS and SFO, with the seeds used to meet the needs of the country's domestic crushing and refining industry. SFO is the most-consumed oil product in Turkey, with the country's local SFS production covering only about two-thirds of demand. Turkish SFS imports are projected to reach 450,000t this marketing season, up from 310,000t estimated for 2023-24. SFO imports are forecast at 1.25mn t in 2024-25, down from 1.49mn t in 2023-24, according to the US Department of Agriculture. By Kristin Yavorska Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Argentina wheat harvest enters final stretch


03/01/25
03/01/25

Argentina wheat harvest enters final stretch

Washington, 3 January (Argus) — Argentina farmers have entered the final phase of the wheat harvest, following recent rainfall that slowed some progress, according to the Buenos Aires Grain Exchange (Bage). Wheat harvesting was 94.7pc complete in the week ended 2 January. The harvest advanced by just 6.2 percentage points on account of rainfall that limited progress in southeast Buenos Aires. The national wheat yield was 3.03 t/ha, up from 2.99 t/ha in the week prior. Bage maintained its forecast for wheat production at 18.6mn t for the 2024-25 crop, despite the national yield increasing steadily each week. Soybeans Soybean planting also entered the final stages, advancing by 8 percentage points during the week to 92.7pc completed. Bage maintained its projection of 18.4mn hectares to be planted. Soybean ratings dropped for the week, with Bage rating the crop as 53pc excellent, 43pc normal and 4pc poor. In the prior week, soybeans were rated as 58pc excellent, 38pc normal and 4pc poor. Moisture conditions for soybeans were reported as 81pc optimal and 19pc normal, drier than the past week at 88pc optimal and 12pc normal. Most of the soybean growing areas did not receive the rainfall that wheat areas did. Corn Corn planting progressed by 6.5 percentage points during the week, reaching 87.4pc completion. Bage maintained its projection of 6.6mn hectares to be planted. Rainfall in the south of Buenos Aires and in Cordoba improved the conditions for late-planted corn, but moisture conditions for corn declined nationally as much of the crop didn't receive rain amid high temperatures. Corn in south-central Argentina is starting to show signs of water stress, with some yellowing leaves and possible yield loss. Bage reported corn moisture conditions as 81.5pc optimal and 18.5pc normal, compared to the previous week at 88pc optimal and 12pc normal. Sunflower Sunflower harvesting began in Argentina, with the first results having an average yield of 1.88 t/ha. Bage expects the remaining crop to have higher yields. The sunflower crop was rated as 85pc excellent and 15pc normal for the week, little changed from the week prior. Ratings were significantly higher than this time last year, when the crop was rated as 44pc excellent, 45pc normal and 11pc poor. The sunflower crop also didn't receive much rainfall for the week, with Bage reporting moisture as 62pc optimal and 38pc normal, down from 65pc optimal and 35pc normal in the prior week. Bage said 32.4pc of the 2mn hectares of sunflower are in the reproductive stage, and that producers are beginning to worry about the lack of forecast rain. By Rachel Nelson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US grain export sales slow along seasonal lines


03/01/25
03/01/25

US grain export sales slow along seasonal lines

St Louis, 3 January (Argus) — US export sales for corn, soybeans, and wheat were all lower by 44pc or more the week ending 26 December, according to US Department of Agriculture (USDA) data, as trading activity was limited by the holiday break. US corn export sales were the most active over the week as total export commitments rose by 780,000t. Gross sales to Mexico reached 220,000t, bring total export commitments to the country to 15.2mn t, up 9pc from the prior year. Gross sales to undeclared countries reached 200,000t over the week, but total commitments to undeclared countries fell as a combined 260,000t of previously undeclared sales were attributed to Mexico, Japan, South Korea, and Columbia. Gross export sales of US soybeans reached 630,000t the week ending 26 December, bringing total US export commitments to 40.2mn t, or 11pc ahead of the prior year. Export sales were boosted by China, which purchased 300,000t over the week. In addition to new sales, 320,000t of previously undeclared soybean sales were attributed to China over the week, bringing total export commitments to the country to nearly 18.9mn t, down by 4pc from the prior year. While total soybean export commitments gained by 620,000t over the week, outstanding sales for export fell by 130,000t as the pace of sales being exported has remained very strong. Through 26 December of the US soybean marketing year, US soybean exports to China reached 16.1mn t, up by 12pc from the prior year. US wheat export sales saw the largest decline the week ending 26 December, down by 70pc from the prior week to 210,000t. This marks the lowest weekly export sales volume since May 2009. The largest purchases were made by Mexico and South Korea, which purchased 40,000t each, followed by Honduras and Thailand which purchased 30,000t each. While Mexico has remained the largest purchaser of US wheat since the start of the June-May marketing year, total export commitments to the country fell by 20,000t over the week as 60,000t of outstanding sales to the country were canceled. In total, 1.2mn t of US wheat sales to Mexico remain to be shipped, 38pc of US export comments to the country, or the largest share of export sales in more than ten years. Outstanding sales of wheat to Mexico accounted for 24pc of all US outstanding wheat sales, which reached 5mn t the week ending 26 December. Although Mexico remained the largest purchaser of US wheat, with an unusually large balance of wheat unshipped in the US, it is unlikely future cancellations would have a substantial impact on the overall US wheat market outlook. Currently the USDA projects US wheat exports will reach 23.1mn t over the marketing year, with more than half of those volumes shipped as of 26 December. Outstanding sales to Mexico account for only 5pc of USDA total export expectations. By Ryan Koory US weekly exports sales mn t Current marketing Year Next marketing year Weekly exports Net sales Cancelations Total commitments Outstanding sales Net sales Outstanding sales Soybeans 26-Dec-24 1.7 0.5 0.1 40.2 11.7 0.0 0.1 Prior week 1.6 1.0 0.1 39.7 12.9 0.1 0.1 WASDE 0.96* 49.7 Progress 0.8 5-yr ave 0.8 0.0 Corn 26-Dec-24 1.00 0.78 0.02 38.80 23.05 0.00 0.86 Prior week 1.12 1.71 0.15 38.02 23.28 0.01 0.86 WASDE 1.21* 62.87 Progress 62% 5-yr ave 53% Wheat 26-Dec-24 0.38 0.14 0.07 16.90 4.96 0.00 0.04 Prior week 0.38 0.61 0.07 16.76 5.20 0.01 0.04 WASDE 0.44* 23.13 Progress 73% 5-yr ave 73% 1% — USDA *52-week average WASDE rate Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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