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).
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 US Department of Agriculture’s National Agricultural Statistics Service (NASS) has revised down its soybean supply forecast for 2023/24 based on lower yield.
New research reveals weight gain in poultry fed a sustainable feed of black soldier fly larvae was around 17% lower compared to those fed soybean meal, with feed utilised 19% less efficiently.
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.
More sustainable and diverse cropping patterns are required to push transformative change in agri-food systems globally, according to keynote speakers at the 11th World Soybean Research Conference (WSRC) in Vienna last month.
Despite the recently agreed two-month extension of the Black Sea grain export corridor, it has emerged that dozens of ships are still unable to reach Ukraine for loading with grain exports.
Renewal of the UN brokered Black Sea grain export corridor remains a key watchpoint in markets, with it set to expire on Thursday this week, notes the AHDB.
Wheat futures staged their biggest rally in six months after an alleged attack on the Kremlin heightened Russia-Ukraine tensions, stoking doubts over the renewal of the Black Sea grain export deal, warned CRM Agri.
An extension of the Ukrainian grain export corridor is anticipated, though the outcome of talks will be crucial for the short and long-term price direction, finds an AHDB report.
The escalation of the war between Russia and Ukraine threatens to curb wheat supplies from the Black Sea region in the short-term, finds a AHDB report.
This month’s WASDE saw corn production in the US forecast higher, to 353.84Mt, a slight hike on the 352.95Mt estimated in October, leading to a slightly eased ending stock projection.
There is a forecast decline in corn production in China with a USDA FAS report citing reduced planting area and yield losses caused by excessive rains in the northeast as factoring into the reduction.
The experts of the Copa-Cogeca working group met in Brussels this week and confirmed that EU-27 total cereal production should reach 269m tons, a decrease of 6.8% compared to the 2021 harvest.
Canadian canola production has, for some time, been expected to bounce back after last year’s severe drought. Confirmation of this return in production potential for the 2022-23 season has been backed by Statistics Canada.
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.
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.
US headquartered technology provider, Centaur, says it has reached a milestone in terms of its work to preserve quality and maximize profitability across the food and commodities supply chain.
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.
Last week saw the IGC amend its projections for global wheat production in 2021-22 to 782m tons, that is 6m tons lower than its July forecast but still an increase of 1.2% from 773m ton in 2020-21.
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.
The June WASDE continued to reflect the improving conditions in Europe, Ukraine and Russia, while the US and Brazil remain a concern, say commentators.
Rapeseed markets risk coming under pressure; ahead of harvest, there is a growing confidence in new crop availability in Europe and Ukraine, says CRM Agri.
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.
The COVID-19 pandemic has placed the spotlight on meat supply and food security. We get three different perspectives on the future of global food production.
