Grain markets were mixed on both sides of the Atlantic, as traders await the latest WASDE from the US Department of Agriculture (USDA), which is due to be released on Thursday; they are also weighing up weather linked risks in different regions globally.
Moscow’s signing up to a third extension of the Black Sea grain export deal, confirmed late Wednesday, keeps open the safe corridor for Ukraine’s grain shipments and removes doubts over access to Russia’s substantial exportable wheat supplies too, commented...
US agribusiness giant, Bunge, has entered into a definitive asset purchase agreement with Fuji Oil New Orleans to acquire its newly constructed, port-based refinery located in IMTT’s Avondale Terminal, Louisiana, on the Mississippi River.
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.
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.
Specialty chemical company, BASF, reports a renewed focus on agricultural innovation aimed at supporting food security for future generations, while minimizing the impact of farming on the climate and the environment.
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.
Family-owned premium poultry producer, Bell & Evans, is to invest US$500m in US organic-certified grains, announcing a sourcing deal with Cargill that aims to transition 50,000 acres of conventional corn and soybean production to USDA Certified Organic....
Abu Dhabi’s sovereign wealth fund, ADQ, has now significant interest in one of the world’s leading agri-commodities traders, Louis Dreyfus Company (LDC), after agreeing to buy a 45% stake in the business.
Upcoming lock and dam closures along the Illinois River are set to hamper deliveries of corn, soybeans, animal feed and ethanol for export staging and consumption on the Gulf Coast, according to a S&P Global Platts report.
Weakness in the maize market is arising out of lower demand in the US on the back of weak crude oil and reduced fuel demand, and reduced ethanol demand, according to the latest AHDB cereals and oilseeds market report.