Rabobank, assessing the impact of the conflict in Israel on food, energy, and fertilizer trends, says that if it is contained to the Israel and Gaza region it may not move the needle too much for energy, commodity or livestock prices.
Confidence in Brazilian second corn crop remains high, and planting of US corn has become incentivized due to the sustained and large-scale reduction in fertilizer costs, finds a CRM Agri outlook.
Russian consultancy, Sovecon, has further raised its forecast for Russia’s wheat harvest, now at 94.7Mt, up from a previous 90.9Mt estimate, due to what it says are record yields and rain improving the outlook for spring wheat.