Commodity pricing

© GettyImages/BernardaSv

ADM stocks plunge as CFO placed on leave amidst investigation

By Jane Byrne

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.

© GettyImages/Olha Pylypenko

Agri-commodity market trends

IGC forecasts 7% jump in global soybean output

By Jane Byrne

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).

© GettyImages/Dzmitry Dzemidovich

ForFarmers sees increase in gross profit

By Jane Byrne

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.

Aerial view of Odessa Port, Ukraine © GettyImages/graphixel

Ukrainian corn crop forecast to grow by 17%

By Jane Byrne

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.

© GettyImages/McKevin

WASDE: Drop in corn and soybean prices

By Jane Byrne

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.

© GettyImages/coldsnowstorm

Agri-ocmmodity market tracker

Missile attacks on Ukraine send wheat prices soaring

By Jane Byrne

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.

© GettyImages/bfk92

Agri-commodity market tracker

Russia withdraws from Black Sea grain export deal

By Jane Byrne

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.

© GettyImages/Compassionate Eye Foundation/Ezra Bailey

Viterra and Bunge reportedly in merger talks

By Jane Byrne

Existing investors in Viterra, Canada’s biggest pension funds, would back a potential merger between the Glencore Plc entity and Bunge Ltd, according to a report by Bloomberg.

© GettyImages/zoranm

Expectations growing for strong European rapeseed harvest

By Jane Byrne

The EU Commission’s Mars bureau this week nudged its forecast for the EU’s 2023 rapeseed yield higher to 3.34t per hectare, led most likely by an increase in the French crop. Should that be achieved, it would be the highest yield since the high of 3.61t...

Grain elevators, port, Odessa, Ukraine © GettyImages/Aleksandr Mokshyn

Wheat futures fall as Black Sea grain export deal extended

By Jane Byrne

Moscow’s signing up to a third extension of the Black Sea grain export deal, confirmed late Wednesday, keeps open the safe corridor for Ukraine’s grain shipments and removes doubts over access to Russia’s substantial exportable wheat supplies too, commented...

© GettyImages/Nikolay Malshakov

Ukraine grain row: Warning about EU feed supplies

By Jane Byrne

The EU needs to safeguard market access to essential supplies of feed grains and vegetable protein meals to its feed and livestock sectors, said FEFAC referring to the move by Poland, Hungary, Slovakia, and Bulgaria to impose import restrictions on Ukrainian...