Agriculture, Energy and Metal Information
In July, China’s soybean imports from the United States surged threefold compared to the previous year, reaching 475,392 metric tons. This increase coincides with the U.S. growing season, although Brazilian soybeans still dominated the market, accounting for the majority of China’s total imports. While imports from Brazil slightly decreased by 1.15% to 9.12 million tons, […]
Canada’s freight rail system is on the verge of a significant disruption this week, with the country’s two largest railroad operators—Canadian National Railway (CNR) and Canadian Pacific Kansas City (CPKC)—issuing lockout notices to the Teamsters union, which represents nearly 10,000 workers. If last-minute agreements are not reached, both companies plan to lock out workers starting […]
Russian pork producers are setting their sights on capturing 10% of China’s pork import market in the coming years, taking advantage of the ongoing trade tensions between the European Union (EU) and China, the world’s largest pork consumer. Until February, Russia had not exported any pork to China, but after Beijing authorized three Russian producers, […]
Global raw sugar prices are projected to recover during the remainder of 2024 but are still expected to end the year with a slight annual loss of less than 3%. According to a recent Reuters poll of ten traders and analysts, prices are set to close at about 20 cents per pound, reflecting a 10.9% […]
Egypt is optimistic about achieving its goal of importing approximately 3.8 million metric tonnes of wheat by the end of 2024. This will be accomplished through a mix of tenders, direct purchases, and government-to-government agreements, according to Supply Minister Sherif Farouk. The General Authority for Supply Commodities (GASC), Egypt’s state grain buyer, initiated what traders […]
According to the U.S. Energy Information Administration (EIA), the United States saw a significant increase in biofuel output capacity last year, primarily driven by a surge in renewable diesel production. Five new renewable diesel plants opened in 2023, raising the country’s output by 44% to 282,000 barrels per day (bpd). The new facilities included two […]
Argentina’s wheat crop is facing challenges due to ongoing dry weather, particularly in the western farming regions, as reported by the Buenos Aires grains exchange. The exchange noted that recent cold and dry conditions have already impacted the crop, which spans approximately 6.3 million hectares (15.6 million acres) for the 2024/25 season, with planting now […]
Bayer has achieved a significant legal victory in its ongoing battle to limit liability from claims that its Roundup weed killer causes cancer. A U.S. appeals court ruled on Thursday that federal law protects the German company from a lawsuit by Pennsylvania landscaper David Schaffner, who claimed Bayer’s Monsanto unit failed to include a cancer […]
French farmers are nearing the completion of this year’s soft wheat harvest, which is projected to be the smallest since the 1980s. As of August 12, approximately 98% of the soft wheat crop area had been harvested, an increase from 88% the previous week, according to weekly data from FranceAgriMer. The adverse weather, particularly months […]
Brazil’s Raizen, the largest sugarcane processor globally, has formed a partnership with Dutch biorefinery Vertoro to explore new applications for lignin, a byproduct of second-generation ethanol (E2G) production. The collaboration aims to develop advanced biofuels, chemicals, and materials from lignin, enhancing the value derived from waste materials at Vertoro’s facility in the Netherlands. The partnership’s […]