The USDA released its May World Agricultural Supply and Demand Estimates (WASDE) report yesterday, which includes the first official look toward next season.
The agri-commodities market’s attention continues to be fully on Ukraine, where harvest prospects and the ability to export remain unknown, say analysts.
Feed industry representative group, the Agricultural Industries Confederation (AIC), has hailed the UK government’s announcement that from June 1, 2022, it will remove the 25% import tariff on corn imported to the UK from the US.
In what has been a mixed day for markets, weather forecasts for large parts of US winter wheat are now once again showing little beneficial rainfall over the next week and uncertainty remains around crop conditions, say UK-based agri-commodity specialists.
Russia’s invasion of Ukraine has led to volatility in several sectors of the global economy. For India and the region, trade is being disrupted in the grains, oilseeds, fertilizer, and energy sectors, among others.
Ukraine has become an increasingly large corn exporting country, suppling significant volumes of that grain to the UK, EU, China, and North African markets.
Argentina’s drought has been having a major negative impact on the country’s soybean crop, and the weekend saw its agricultural ministry move to suspend soybean oil and meal export registrations.
EU feed manufacturing companies are currently searching for alternative supplies to compensate for loss of Black sea origin, mainly in relation to maize [corn] and sunflower meal.
Global crude oil values have rallied sharply as the conflict in Ukraine continues to escalate and markets price in risk premium, with growing uncertainty in global markets, finds CRM Agri in its latest outlook.
Leading European feed manufacturer, ForFarmers, expects raw material and energy prices to remain high, given the worrying political situation between Russia and Ukraine.
UK based analysts say it is impossible to forecast whether the escalating tensions between Russia and Ukraine will have an impact on physical supply of grains.
Viterra Limited is to buy Gavilon, a grain and ingredients trading business, supporting its long-term strategy of significantly increasing its presence in the US, an agricultural region where Viterra had a limited sourcing presence.
Brazil and Argentina are likely to step up corn and soybean exports to China during the US winter months, finds a newly released report from US organization, CoBank.
DSM has reorganized its animal nutrition and health division, with it now underpinned by three business lines aimed at addressing the industry’s biggest challenges.
Markets have had a mixed reaction to the January WASDE. Initially, falling following the publication of the USDA’s report, they recovered quickly, thereafter.
Soybean meal prices have reached their highest levels since May 2021, due to the worsening outlook for South America, finds a new outlook from CRM Agri.
In a move to control the rising domestic price of a key compound feed ingredient, India’s ministry of consumer affairs, food and public distribution has imposed stock limits on soybean meal.
Global wheat markets have become marginally better supplied, mainly from a large Australian wheat harvest, a development that is pressuring not only domestic Australian markets, but also global ones, finds CRM Agri in its latest grain market analysis.
Global poultry markets are expected to be strong in 2022, on the back of reopening economies, increasing vaccination levels, and stronger economic conditions, according to Rabobank.
Palm oil production is set to recover next year in Malaysia, while soybean production in Brazil is forecast to reach record levels. Although, La Niña is set to play a critical part in the ultimate outcome of the latter, said the CRM Agri team.
The was limited revision to soybean and corn estimates in the latest WASDE but the global wheat supply and demand this month has eased slightly, with the report forecasting an increase in global production estimates.
The American Feed Industry Association (AFIA) says the passing of HR 4996, the Ocean Shipping Reform Act of 2021, will address some of the bottlenecks stifling the export of feed, feed ingredients and pet food products at American ports.
The ongoing freight costs and shipping challenges, along with drought in South America, are the factors behind a shortage in the supply of certain key feed ingredients, reports the Irish Farmers Journal.
EU compound feed production has been negatively impacted by the spread of animal diseases but boosted by the continuing global grain market rally this year, according to data from FEFAC.
This week started in a slightly bearish way, with data from the Commodity Futures Trading Commission (CFTC) indicating that, post-WASDE, managed money funds had been reducing the number of long positions held across corn, wheat and soybeans, reported...
A new US$325m soybean processing facility to benefit supply chains for renewable fuels, food products and animal feeds will be constructed by Bartlett in southeastern Kansas, in the US.
The main driver in the agri-commodities market this week was the grain stocks report from the US Department of Agriculture (USDA); it was released yesterday.
