Corn markets were mainly down yesterday as global crude oil prices continued to decline on the back of looming recession fears and poor economic data, particularly for China, noted CRM Agri.
The European Commission (EC) has decided to extend the period of relaxation on certain import controls on feed inputs, one element in a crisis package.
The latest report from the International Grains Council (IGC) indicates a tightening of global grain markets, mainly due to projected declines in corn and wheat.
Ukraine exported 2.17 million tons of grains, legumes, oilseeds, and by-products in June, which is 470,000 tons or 25% more than in the previous month, according to the latest data from Ukraine’s ministry of agriculture.
The fall in crude oil markets at the end of last week has pressured vegetable oil and oilseed markets. After last week’s heatwave across the US, this week’s USDA crop progress report will be closely watched, say CRM Agri.
In its third forecast for 2022, COCERAL sees the total grain crop for the EU and the UK as coming in at 309.5 million tons, an increase from the 305.6 million tons it forecast in March, but lower than the 312 million tons harvested last year.
The USDA released its May World Agricultural Supply and Demand Estimates (WASDE) report yesterday, which includes the first official look toward next season.
Alongside the global market concern for corn, wheat, rapeseed, and sunflower production in Ukraine, barley is also a key feed grain crop exposed to the Black Sea conflict.
Ukraine’s ministry of agrarian policy and food is trying to increase the export of agricultural products to 1.5m metric tons (MMT) per month by railway, along with 0,6m Mt via ports and 0,2m Mt by land.
The USDA released its much-awaited prospective plantings report yesterday, taking markets by surprise with a larger than expected reduction in the US corn area and an increase for soybeans.
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.
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.
Tensions continue to build surrounding Ukraine and potential conflict. An attack by Russia on Ukraine has the potential to disrupt global wheat export markets.
Markets have had a mixed reaction to the January WASDE. Initially, falling following the publication of the USDA’s report, they recovered quickly, thereafter.
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.
Despite deteriorating political and economic conditions, US food and agricultural exports to Nicaragua through the first nine months of 2021 exceeded $300m – shattering previous annual records – driven by strong commodity prices and demand for US feed...
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.
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.
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...
Vietnam is by far the largest importer of corn in Southeast Asia and the USDA forecasts it to be the fifth-largest importer of that grain globally in 2021/22.
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.
Trends and patterns in grain auctions, local meat production and corn production are all indicative of stronger grain demand by China in the coming years, reported S&P Global Platts.
Just as rapeseed markets were coming under pressure as confidence in supply was increasing, heatwaves and drought like conditions have re-emerged in Canada, says CRM Agri.
The value of US agricultural exports in the first four months of 2021 hit a record US$59bn, exceeding the previous record set in 2014 by nearly US$5bn, finds a USDA report.
We talk to a grain and oilseed market specialist to get an up close perspective on soybean, rapeseed, corn and wheat market developments and the relevance of such events for compound feed producers.
Canada’s Greenfield Global Inc, has signed off on a deal for the supply of corn from grain trader, Central Farm Service (CFS), for its newly acquired ethanol plant in the US.
