World markets for grains and oilseeds

Soybean futures on the Chicago Mercantile Exchange fell to their lowest ever on Tuesday, as favorable crop conditions in Brazil and weak Chinese demand for U.S. soybeans weighed on the market. Brazil, the world’s largest soybean producer and exporter, has completed planting for the 2024-25 crop, consultants AgRural said Monday morning. The consultancy had forecast a record output of 171.5 million tonnes. Data from the National Oilseed Crusher Association showed U.S. soybean crushes in November were down from an all-time high reached in October and missed most trade forecasts, adding to the bearish sentiment in the market. The U.S. Department of Agriculture confirmed private sales of 187,000 tonnes of U.S. soybeans to Spain and 132,000 tonnes to undisclosed destinations for shipment in the 2024-25 marketing year. CBOT January soybeans settled 5-1/4 cents lower at $9.76-3/4 a bushel. All soybean contracts fell to all-time lows. CBOT January soybean meal settled 30 cents higher at ...