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.
A San-Diego biotech that tweaks genetic crop traits to improve their rates of photosynthesis, says new data shows its PhotoSeed technology can improve the oil, protein, and sustainability profile of soybeans.
Current conditions are positive for wheat supply, while corn markets have been dominated by the large US-China export sales, and soybean markets have continued to trade sideways, finds this week’s analysis by CRM Agri.
US corn production estimates were downgraded further in the January WASDE, lowered to 360.25MT from 368.49MT in the December report, according to CRM AgriCommodities in its analysis of the latest USDA data.
In terms of wheat, the December USDA WASDE has been largely overshadowed by the possibilities of an export tax being placed on Russian wheat later this season, said Peter Collier, analyst, CRM AgriCommodities.
Despite the recent import duty suspension by the Brazilian government, soybean crushers are not keen on importing soybeans and are ready to wait until the new Brazilian harvest hits the market in February, market sources told S&P Global Platts.
The much-awaited September USDA WASDE has confirmed views that up to 10MT of US corn production has been lost following the storms and prolonged dry period, noted Peter Collier, analyst, CRM AgriCommodities.
The mildly bearish June World Agricultural Supply and Demand Estimates (WASDE) contained few surprises with the USDA taking a cautious approach as ever with incremental changes, reports CRM AgriCommodities.
There is a lot of uncertainty around future feed demand, globally, given the profound impact that COVID-19 has had on the global livestock sector, noted the Agricultural Market Information System (AMIS) market monitor.
Although import buying of some commodities has accelerated in recent weeks, logistical challenges are being reported as movement constraints and quarantine measures due to the COVID-19 outbreak become widespread, said the International Grains Council...