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.
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.
The USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report was released on Friday, with few unexpected changes, noted a review by AHDB.
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.
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.
Argentina’s farmers sold a record volume of soybeans, more than 13.7 million metric tons, in September after the government offered a special exchange rate for producers.
There is degree of optimism for an extension of the UN-backed grain corridor deal, which is allowing Ukrainian grain exports ramp up out of the Black Sea.
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.
The USDA released its May World Agricultural Supply and Demand Estimates (WASDE) report yesterday, which includes the first official look toward next season.
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.
The agri-commodities market’s attention continues to be fully on Ukraine, where harvest prospects and the ability to export remain unknown, say analysts.
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.
The main driver in the agri-commodities market this week was the grain stocks report from the US Department of Agriculture (USDA); it was released yesterday.
Just as rapeseed markets were coming under pressure as confidence in supply was increasing, heatwaves and drought like conditions have re-emerged in Canada, says CRM Agri.
US corn and soybean prices on the Chicago Board of Trade (CBOT) bounced after the release of the prospective plantings report from the US Department of Agriculture (USDA) on Wednesday.
We track developments in the global wheat, maize and soybean markets in the past week, and report on the latest USDA estimates on US maize and soybean planting in 2021-22.
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....
Suspended exports from Argentina has increased demand for maize from Brazil and the US, pushing up global prices, according to the latest market analysis from AHDB.
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.
The latest USDA world agricultural supply and demand estimates (WASDE), released on Tuesday, provides further insight into where markets could be going, according to the AHDB.
The USDA has been tracking feed and grain industry related developments in Asian markets. We looked at those pertaining to South Korea, China, Japan and Thailand.
Rains in the US, South America and the Black Sea eased some production concerns in those key wheat producing regions, according to AHDB’s latest market report.
June saw good weather globally, as winter harvests began well and spring crops showed healthy development, says Rabobank in an agri-commodity report for this month.
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.
Argentina is again raising taxes on some exported feed ingredients, including soybean and soybean meal, even as the anticipated production expands, says analyst.
