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Agri-commodity market trends

IGC forecasts 7% jump in global soybean output

By Jane Byrne

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).

© GettyImages/McKevin

WASDE: Drop in corn and soybean prices

By Jane Byrne

Corn and soybean prices fell after USDA estimates for US supplies were larger than markets had expected, but wheat failed to rise on a deep cut to world inventory hopes, finds CRM Agri.

© GettyImages/BergmannD

Sorghum: time for a revival?

By Lynda Searby

Sorghum is an 'underutilized' grain but could be a sustainable and nutritional addition to animal diets, whilst also benefiting grower economics through lower input costs than corn, according to Sorghum United.

© GettyImages/Luis Alvarez

Climate-smart ag projects get millions in funding from USDA

By Jane Byrne

The Biden-Harris administration, though the USDA, is investing up to US$2.8bn in 70 projects that address poultry, ruminant, and pork feed innovation along with methane emissions reduction in dairy production, among a raft of other targets.

© GettyImages/KUNITAKA KODA

Corn markets set to remain volatile

By Jane Byrne

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.

© GettyImages/Olivier Le Moal

AFIA hails nomination of chief agricultural negotiator

By Jane Byrne

The American Feed Industry Association (AFIA) has welcomed the announcement yesterday by US President, Joe Biden, of his intent to nominate Doug McKalip as chief ag negotiator in the US Trade Representative.

© GettyImages/Kyryl Gorlov

WASDE: No game changers or dramatic surprises

By Jane Byrne

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.

© GettyImages/Fahroni

US pork producers welcome ASF response plan

By Aerin Einstein-Curtis

The US Department of Agriculture is outlining plans to address African Swine Fever if the disease enters the US, including establishing which agency has control in the situation, when swine may be moved and how producers would be reimbursed for virus...

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