Grains, Seeds, Vegoils, Meals, Softs, Agri News

Jan 14 - China's 2025 soybean imports hit record, fuelled by S. American purchases
China imported a record volume of soybeans in 2025, as buyers sharply increased purchases from South America amid fears of supply shortfalls if a trade war with Washington persisted. The world's biggest buyer of the oilseed imported 111.83 million metric tons in 2025, an increase of 6.5% from a year earlier, according to customs data released.

Jan 14 - China boosts wheat imports from Australia, Argentina on lower prices
Australia and Argentina exported around 620,000 metric tons of wheat to China in December, shipping data showed, and analysts and traders expect shipments to continue as Chinese buyers take advantage of low global prices. The December shipments to China were the biggest from Australia since April 2024 and the most from Argentina since 1997, customs data from the countries showed. 

Jan 14 - China's Sinograin sells out soybean auction ahead of US shipments
China's state stockpiler Sinograin sold all 1.1 million metric tons of soybeans offered at its fourth auction since December on Tuesday, traders said, as it moves to draw down inventories ahead of incoming U.S. shipments. The imported soybeans, from the 2022–2025 crops, were sold at an average price of 3,811 yuan per ton, with deliveries scheduled mainly for March and April, the sources said.

Jan 14 - Russia's IKAR lifts grain export forecast but warns of southern crop risk
Russia's IKAR consultancy raised the country’s grain export potential for the 2025/26 season to 60.2 million metric tons from 57.8 million tons, but warned the target may not be met due to a poor crop in the south. IKAR increased its wheat export forecast to 46.5 million tons from 44.1 million. The current grain marketing season ends on June 30, 2026.

Jan 13 - US corn stocks set December 1 record after huge harvest, USDA says
U.S. corn stocks held by farmers and grain companies as of December 1 ballooned to all-time highs, the U.S. Department of Agriculture said on Monday, after growers last year harvested a record-breaking crop that was bigger than previously expected. Larger-than-expected inventory and production numbers released by the agency signaled that farmers may remain under financial pressure after low crop prices and President Donald Trump's tariff wars strained the farm economy. 

Jan 13 - Malaysia to introduce official used cooking oil reference price in early 2026
Malaysia will introduce an official reference price for used cooking oil in the first quarter of this year to prevent price manipulation in the sector, its commodities minister said on Tuesday, as it seeks to better regulate the commodity. Plantation and Commodities Minister Noraini Ahmad told an industry conference that the new benchmark will provide price guidance and allow the fair trading of used cooking oil, as well as protect industry players from fraud.

Jan 13 - French farmers target food imports as Mercosur protests continue
Farmers stopped lorries at France's largest container port and on the main motorway north of Paris on Monday, conducting symbolic checks on imported food in protest at an EU-Mercosur trade deal they say will lead to unfair competition. Farmers in France, the European Union's largest agricultural producer, have been protesting for weeks over grievances including the proposed trade pact with South America’s Mercosur bloc. 

Jan 12 - India's 2025 rice exports surge to near record as curbs lifted
India's rice exports jumped 19.4% last year to the second-highest on record after New Delhi lifted all export curbs, making shipments more competitive, government and industry officials told Reuters on Saturday. An improved flow of rice from the world's largest exporter of the grain curbed shipments from rivals Thailand and Vietnam and drove prices in Asia to their lowest in nearly a decade, easing costs for poor consumers in Africa and other regions.

Jan 12 - USDA may trim US soy export outlook in key crop reports, analysts say
Grain analysts expect the U.S. Department of Agriculture may trim what some believe were overly optimistic estimates for soybean export demand in the current crop year, especially given lower sales to China, when it releases closely watched crop reports on Monday. They also expect lower estimates for U.S. corn and soybean harvests, in part reflecting dry autumn weather, although global supplies are expected to remain plentiful with large South American harvests imminent.

Jan 12 - China buys at least 10 cargoes of US soybeans for April-May shipment, traders say
China's state stockpiler Sinograin purchased at least 10 cargoes of U.S. soybeans on Friday, or at least 600,000 metric tons, for shipment in April and May, capping an active week of buying by the world's top importer, three traders with knowledge of the deals said. At least eight of the cargoes booked on Friday were slated for shipment from U.S. Gulf Coast export terminals, with the remainder due to ship from the Pacific Northwest, they said.

Jan 12 - Grain terminal group Senalia expects doubling of shipments in 2025/26
Grain export terminal operator Senalia expects its volumes in 2025/26 to double from last season after a rebound in French harvest production and amid brisk demand for barley, the company said on Friday. France is the European Union's biggest grain supplier and Rouen on the river Seine in Normandy its main grain export hub. The rain-hit 2024 harvest cut its export surplus and left port terminals idle for part of the season.

Jan 09 - Macron says France will vote against Mercosur after farmers protest in Paris
France will vote against a sweeping trade deal that the European Union is due to sign with South American nations, French President Emmanuel Macron said on Thursday, as farmers blockaded roads into Paris and landmarks like the Arc de Triomphe to protest against the pact. Farmers from the right-wing Coordination Rurale union called for the protests in Paris amid fears the planned free trade agreement with the Mercosur bloc will flood the EU with cheap food imports.

Jan 09 - Brazil 2025 eggs exports soar on strong US demand
Brazilian egg exports, including fresh and processed, hit a record 40,894 metric tons in 2025 on strong U.S. demand, according to data compiled by the Brazilian Association of Animal Protein on Thursday. The figure represents a 121.4% rise from 2024, when 18,469 tons were shipped. Brazilian egg exporters generated a record $97.2 million in revenue last year, 147.5% more than in 2024, the data also showed.

Jan 08 - US competition to dent Chinese demand for Brazil's soy in 2026, trade group says
Sales of U.S. soybeans to China will partly dent demand for the Brazilian product this year from the world's largest importer, Sergio Mendes, head of grain traders lobby Anec, said in an interview on Wednesday. In a video call, Mendes said Brazilian soybean traders are expected to ship 77 million metric tons of the oilseed to China in 2026, ten million tons less than in 2025. 

Jan 08 - EU to cut fertiliser duties to push through Mercosur trade deal
The European Commission said on Wednesday it would cut import duties for certain fertilisers and drive forward a law that could allow temporary suspensions to the EU's carbon border levy as it sought to win over opponents of its free trade agreement with South American bloc Mercosur. The concessions are part of an attempt by the Commission, backed by countries such as Germany and Spain, to garner the majority of 15 EU members representing 65% of the EU population to authorise the signing of the Mercosur deal, possibly next week. 

Jan 08 - South Korea’s MFG tenders for up to 210,000 tons corn, traders say
South Korea's Major Feedmill Group has issued an international tender to purchase up to 210,000 metric tons of animal feed corn, European traders said on Thursday. The deadline for submission of price offers in the tender is Friday, January 9. Traders had initially estimated the total sought at 140,000 tons.

Jan 08 - Jordan tenders to buy up to 120,000 metric tons feed barley, traders say
Jordan's state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers in the tender is January 14.

Jan 07 - French Weekly Fertilizer market context (Agryco)

The majority of suppliers have now returned from leave, but they still need time to assess the situation accurately, both globally and in France. In the meantime, most of the suppliers are back on year-end bases.

The new element compared to last week is the return of geopolitics to the forefront, notably with the MACF tax and the US attack on Venezuela. Although Venezuela is a major regional producer, it is not so much this event itself that worries markets, but rather the uncertainty it generates. It reinforces the idea that Donald Trump could intervene suddenly on other countries, especially Iran, which he threatened again last week. In such a scenario, the impact could be significant, as was seen several months ago, when urea prices rose sharply following Israel’s attacks on Iran.

For the time being, the market is expected to remain broadly stable at the beginning of the year. The underlying trend remains firm and it will take some time before a clearer trend is established for the beginning of the year. Careful monitoring of urea trends will continue, including through the Indian tender and the level of demand in the United States and South America (Venezuela is a supplier, for example, from Brazil).

Regarding phosphorus, it will be necessary to observe whether the promising end of the year is confirmed, with the possible arrival of significant price reductions.

Nitrogen solution:
As indicated above, the market is in the observation phase at the beginning of the year. Offers are maintained at last week's levels, i.e. 358 €/t from Rouen for January and 360 €/t for February/March deliveries. No significant price changes are expected this week. The underlying market remains relatively firm, but does not appear to be able to absorb further increases at the moment, in particular due to still limited demand.

Ammonitrate:
There have been no notable developments. Prices remain stable at €493.5/t in the case of the big bag for ammonitrate 33.5 and at €381/t in the case of the big bag for ammonitrate 27.

Urea:
The global urea market had shown a downward trend at the end of the year, but the context seems to have strengthened recently. Without engaging a frankly upward dynamic, the decline now seems limited. Prices are therefore expected to remain broadly stable in the short term. Much will depend on the outcome of the Indian tender, as well as the level of demand in the US and South America, a revival of which could sustain the market and prevent any further decline. Conversely, a later request could suggest a correction. The price remains at 560 €/t bulk departure La Pallice.

Phosphorus:
The phosphorus market has started a downward trend that seems to be continuing. However, it is still necessary to wait in order to assess the real downside potential and to identify the first significant offers for spring uses.
The TSP 45 is currently displayed at 545 €/t departure Rouen, while the DAP is offered at 700 €/t departure Rouen.

Potash:
No changes to report in this market. Potash chloride remains stable at 360 €/t bulk departure Rouen.

Jan 07 - China buys more US soybeans, total purchases approach 10 million tons
China's state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday, as the world's top buyer continues purchasing from the United States following a late October trade truce. The cargoes, totalling around 600,000 metric tons, are for shipment between March and May, the traders said, which is the peak shipping season for rival supplier Brazil.

Jan 07 - EU summons farm ministers to secure Mercosur deal support
The European Commission appeared to have won the crucial support of Italy on Tuesday for a contentious free trade deal with South American bloc Mercosur, paving the way for the EU to sign the agreement as early as next week. Italy and France last month dashed hopes for a December deal, saying they were not ready to support it until farmers' fears of an influx of cheap commodities from Mercosur, including beef and sugar, were resolved.

Jan 07 - EU 2025/26 soft wheat exports reach 11.18 million tons in incomplete tally
European Union soft wheat exports since the start of the 2025/26 season last July had reached 11.18 million metric tons as of January 2, down 2% from a year earlier, though some figures were incomplete, the European Commission said on Tuesday. EU barley exports totalled 5.29 million tons, up 126% from the corresponding period in the 2024/25 season, while EU maize imports were at 8.22 million tons as of December 31, down 20%.

Jan 07 - Jordan buys 60,000 tons of wheat in tender, traders say
Jordan's state grains buyer purchased about 60,000 metric tons of milling wheat to be sourced from optional origins in an international tender on Tuesday, traders said. It was believed to have been bought from trading house Buildcom at an estimated $260 a ton cost and freight included for shipment in the first half of April, they said. 

Jan 06 - Ukraine Weekly Commodity Market (SPIKE BROKERS)

- Ukraine
· As of 01.01, 57.9 million tons of grain and leguminous crops have been threshed. Oilseeds (including soybean) - 17.4 million tons.
· Harvesting of corn for the week amounted to 320 thousand tons, with a shaft of 27.8 million tons.
· In December, total agricultural exports amounted to 4.1 million tons, which is the lowest December figure for at least the last 10 years. Including: wheat - 619 thousand tons, barley - 158 thousand tons, corn - 2.2 million tons, soybeans - 202 thousand tons, rape - 121 thousand tons, soybean oil - 54 thousand tons, sunflower oil - 427 thousand tons, sunflower and soybean meal - 378 thousand tons.

- CORN
The harvesting campaign has slowed down considerably due to adverse weather conditions. The progress of harvesting corn for the week amounted to only 300 thousand tons, with the total gross harvest as of 01.01.26 - 27.8 million tons.
In December, corn exports amounted to 2.2 million tons, with the key areas being the Mediterranean region and the EU, which together formed more than 60% of total supplies. The largest volumes were directed to Turkey (722.9 thousand tons) and Italy (456.3 thousand tons), which confirms the dominance of Europe and the Mediterranean countries as the top markets. Asia provided a smaller but significant share of exports, in particular South Korea (101.6 thousand tons) and China (58.0 thousand tons).
Seaports gradually began to resume work under conditions of active shelling by the aggressor, adapting to the reduced electrical voltage and compensating for the shortage of electricity by installing diesel generators. The increase in the discharge rate on water led to a temporary shortage of goods in ports, as suppliers held back shipments towards ports during the holidays, as well as because of the uncertainty of ports after active missile attacks.
Spot corn price index with delivery of CPT-port (30 days) rose to $206, which is $2 above the closing level last week.
The western border market is in a phase of low business activity, which is associated with the holiday season and holiday season in Europe. The nominal prices remained at €180 FCA Chop with delivery in February-May.

- WHEAT
In December, wheat exports from Ukraine amounted to 619 thousand tons and was concentrated mainly in the countries of North Africa and the Middle East. The absolute dominant among the directions was Algeria, which imported 280.4 thousand tons. The second key region remained the Middle East, where the main recipients were Yemen (118.1 thousand tons) and Syria (69.0 thousand tons). Asia formed a limited demand, mainly due to Malaysia (8.8 thousand tons). Deliveries to Europe were minimal and did not have a significant impact on overall export structure.
The slowdown in the rate of export shipments of wheat increases the likelihood of accumulation of grain residues in Ukraine and increases the price pressure both at the end of the current season and at the beginning of the next season.
Spot price index of food wheat (11.5% protein) with delivery CPT-port decreased to $211, and feed wheat - to $205.

- SUNFLOWER AND ITS PROCESSING PRODUCTS
The market of sunflower and its processing products is in the phase of weak business activity. At the same time, stabilizing maritime logistics gives market participants confidence in the sale of processed products and, as a result, can stimulate more aggressive purchases of sunflower.
The rise in energy in Ukraine remains a key factor in the increase in the cost of sunflower processing, which this season will limit the purchase prices from processing plants.
The price of sunflower without VAT with delivery to the plants of central Ukraine is $550-560 in the equivalent, while the plants of Bulgaria are already buying sunflower at prices of $620-630 delivered, which looks attractive, taking into account the cost of logistics.
Spot sunflower price index with processing delivery within 30 days decreased by $4 with VAT - up to $642.

- SOYA
In December, soybean exports amounted to 202.6 thousand tons. Logistically, it was mainly focused on sea routes, which accumulated 61% of the volume (123.6 thousand tons). The bulk of the sea supplies were directed to Turkey, which remains a key market for Ukrainian soybean.
Rail transport formed 36% of exports (72.9 thousand tons) and provided the main flow of products to the European Union, including large processing centers in the Netherlands, Germany and France.
Road transport provided only 3% of exports (6.1 thousand tons) and was mainly used for short routes to neighboring EU countries.
Prices for soybeans have decreased in all directions. Marine exports showed a decrease of $3, the direction of processing - by $2.
Spot price index of GMO soybean with delivery of CPT port for export in the horizon of 30 days decreased to $422 without VAT.
Direction of processing: spot index of GMO soybean price for processing decreased to $457 with VAT.