The recent escalation in the Middle East conflict presents a significant risk to energy and freight rates in the medium term, with potential repercussions for agricultural markets, finds the CRM Agri Agricultural Economic report.
In a year marked by volatility, Alltech's Agri-Food Outlook for 2023 provides a comprehensive overview of the intricate dynamics shaping the feed production industry worldwide.
Operators and traders strive to comply with EUDR but face challenges: gaps in information, technical solutions, and supply chain complexities, claim FEFAC, FEDIOL, and agribusiness groups.
We delve into the diverse array of topics that have resonated deeply with our readers since January, shaping the discourse and informing perspectives on issues.
ADM foresees a rise in global grain and oilseed supply for 2024, based on anticipated improvements in weather supporting larger production levels in key South American countries.
ADM shares plummeted by a staggering 24%, according to media reports on Monday, following the decision to place its CFO, Vikram Luthar, on administrative leave amid an ongoing investigation into accounting practices within its nutrition business.
Weather conditions have improved for farmers grappling with rain in Europe and enduring drought in Brazil. However, this does not translate into smooth sailing for grain markets.
At the onset of the week, US grain prices experienced an increase, but later faced downward pressure following the release of the USDA’s World Agricultural Supply and Demand Estimates (WASDE).
As the new year unfolds, the grain markets see a subdued start, following a year marked by notable declines in major contracts, as observed by analysts at CRM Agri.
After China ended antidumping tariffs on Australian barley in August, dramatically lowering imported barley prices by $11 per MT, Chinese importers secured about 20 shipments, or over 1 MMT, of that grain from Australia.
World soybean production for 2023-2024 is forecast to expand by 7% year on year (y/y) to a record of 395 million tons, chiefly linked to bigger crops in South America, notes the latest update from the International Grains Council (IGC).
Lower energy prices resulted in a fall in shipping costs over the past month as seen through the sharp drop off in the Baltic Dry index (BDI), which gauges the cost of shipping dry bulk commodities such as grains.
Grain markets were mixed on both sides of the Atlantic, as traders await the latest WASDE from the US Department of Agriculture (USDA), which is due to be released on Thursday; they are also weighing up weather linked risks in different regions globally.
ForFarmers' financial results for Q3 2023 show a recovery of underlying EBITDA. While sales volumes declined compared to the same period in 2022, they were roughly equal to Q2 this year.
Soymeal futures for December-reached a six-month high on a spot contract basis in previous days, after Bunge stoked concerns over soy soybean supplies running out in Argentina, finds an oilseeds market outlook from CRM Agri.
A recent USDA attaché report sees improved grain production in Ukraine over the next 12 months, with volumes set to exceed the previous year, particularly for corn.
Lower feed costs, better animal health, and improved productivity bolster global pork industry optimism despite challenging returns and uncertain consumption trends, finds a new report.
Louis Dreyfus Company (LDC) is to construct a new soybean processing plant in Ohio. The facility will comprise crushing, vegetable oil refining and lecithin production and packaging capabilities.
Rabobank, assessing the impact of the conflict in Israel on food, energy, and fertilizer trends, says that if it is contained to the Israel and Gaza region it may not move the needle too much for energy, commodity or livestock prices.
Rabobank estimates a gradual performance boost for the global poultry market in the last quarter of 2023 and early 2024, following several months of slow growth.
The swine industry is facing several challenges globally, such as climate pressure and price volatility of raw materials. There are also issues specific to certain regions, related to legislative pressure and market constraints.
The US Department of Agriculture’s National Agricultural Statistics Service (NASS) has revised down its soybean supply forecast for 2023/24 based on lower yield.
The EU executive arm announced at the end of last week that the import ban on grain and oilseeds from Ukraine in five neighbouring EU countries has expired.
Corn and soybean prices fell after USDA estimates for US supplies were larger than markets had expected, but wheat failed to rise on a deep cut to world inventory hopes, finds CRM Agri.
The US Federal Reserve continued to dominate the macro picture over the past month. US inflation rose from 3.0% to 3.2% in July, the first monthly hike in inflation since June 2022.
Wheat prices leaped, leading a strong session for grain futures, as a massive attack by Russia on Ukrainian ports shattered hopes for the country’s grain exports, reports the CRM Agri team.
The Black Sea agri-commodities export corridor, which allowed Ukrainian grain and oilseeds to be shipped safely, is now set to expire, after Russia announced it is pausing its participation in the initiative.
Understanding detection options is critical for feed producers and farmers to protect feed against trypsin inhibitor exposure – an unintended consequence of using alternative soybean ingredients, says CBS Bio Platforms.
Grain markets witnessed downward pressure at the end of last week, largely because of rain across key producing regions in the US, as well as easing tensions in the Black Sea region, finds an AHDB outlook.
The USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report was released on Friday, with few unexpected changes, noted a review by AHDB.
