Campaign group, Mighty Earth, one of Cargill’s fiercest critics, has hailed the US agribusiness giant’s newly declared vow to eliminate ecosystem destruction linked to its direct and indirect supply chain in relation to soy, corn, wheat, and cotton across...
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.
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.
The USDA forecast a cut in Argentina’s dryness-threatened soybean crop of 8Mt to a 14-year low of 33.0Mt, a bigger downgrade than investors had expected.
A USDA attaché report for Brazil has increased the 2022/23 forecast for the country’s soybean production to 153 million metric tons (MMT). It also revises upwards its soybean export estimate to 97MMT, a new record.
Argentina’s farmers sold a record volume of soybeans, more than 13.7 million metric tons, in September after the government offered a special exchange rate for producers.
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.
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.
The duration of the Black Sea conflict will determine how disruptive it is likely to be in terms of global grain and oilseed crop production, says an agribusiness executive.
The Argentinian soybean meal and oil output and exports are predicted to increase in 2021-22 despite significant headwinds, noted a review by S&P Global Platts.
Weather and supply constraints are set to keep critical feed grain prices high, finds a new report on the prospects for the international beef production sector.
Argentina’s soy meal exports from the 2021 crop will lose US$575m, or 7% of their value, because of ebbing protein levels in harvested beans, according to a Rosario Board of Trade (BCR) study.
Officials in Argentina’s Sante Fe providence have ordered mandatory talks between protesting port workers and companies to try and end a ports blockage that is preventing grain shipments, writes The Rio Times.
As speculation took hold this week that China was looking to restrict corn imports and cancel cargo, US data shows the Asian country would seem to be continuing to purchase US corn.
Suspended exports from Argentina has increased demand for maize from Brazil and the US, pushing up global prices, according to the latest market analysis from AHDB.
Tensions are rising in Argentina over the government decision to expropriate the financially challenged, Vicentin SAIC, a diversified agribusiness and one of the largest Argentinian-owned exporters of soybean meal and other soy-based products.
Argentina is again raising taxes on some exported feed ingredients, including soybean and soybean meal, even as the anticipated production expands, says analyst.
Financially challenged, Vicentin, a diversified agribusiness and one of the largest Argentinian-owned exporters of soy and soy products, has asked a national court to begin bankruptcy-protection proceedings, reported Bloomberg Law.
Changing governmental policies are prompting early export sales of feed grains and may be lowering domestic use of corn even as livestock production increases.
Cargill has moved to clarify what its current trading relationship is with Nestlé, following the report in the Wall Street Journal (WSJ) that the leading food and beverage company had stopped buying Cargill’s Brazilian soy because of concerns about the...
Feed crop producers in Argentina increased forward sales of some oilseed based feed ingredients in the last quarter of 2019 in anticipation of a change in export taxes.
