Demand for soybeans remains subdued and the dollar remains exceptionally strong, further dragging on demand levels, while the war in Ukraine continues to support global rapeseed values, finds a report from 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.
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.
Experts from the Copa and Cogeca working groups on the cereal and oilseeds markets estimated this week that cereal production in the EU-27 will reach 277m tons in the 2022 harvest, some 4.4% lower than the year prior.
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.
BioMar reported very strong revenue growth for its first quarter in 2022 but its earnings were down due to increased costs of raw materials and energy. It is lowering its profit guidance, mainly as a result of the Russia/Ukraine situation.
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.
Global poultry industries need a sharp focus on operations to offset higher costs and supply chain constraints. Optimal procurement and feed formulation will be vital, say animal protein market specialists.
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.
The conflict in the Black Sea region continues, and the global agriculture sector is braced for a huge shake-up as a direct result of the Russian invasion of Ukraine.
Ukraine has become an increasingly large corn exporting country, suppling significant volumes of that grain to the UK, EU, China, and North African markets.
China is seeing its biggest COVID-19 outbreaks in two years, with partial or citywide lockdowns in multiple places and mostly for non-essential services. We look at the implications along with potential market disruption from the Black Sea conflict.
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.
Several feed businesses have issued statements in recent days on the continuity of their Black Sea operations given the ongoing conflict in the region.
Global crude oil values have rallied sharply as the conflict in Ukraine continues to escalate and markets price in risk premium, with growing uncertainty in global markets, finds CRM Agri in its latest outlook.
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.
Globally wheat stocks-to-use is up year-on-year, but a poor start for crops in Argentina with dryness and frosts needs monitoring, warns AHDB analysts in their latest grain market report.
There is little upside risk in feed prices internationally, and the outlook for global poultry in 2020 is slightly more positive than it was in 2019, when markets suffered from relative oversupply, according to Rabobank’s global poultry quarterly, released...
The 2019/20 season looks set to see a shake-up in the European rapeseed market as France, Germany, Poland and the UK are all forecast to have reduced planted areas, say grain and oilseed market specialists.
