Agriculture, Energy and Metal Information
On Tuesday, China’s soymeal and rapeseed meal futures fell to their lowest levels in more than a year, driven by high inventories and expectations of abundant supplies. On the Dalian Commodity Exchange, the most active soymeal futures contract dropped 3.46% to 2,877 yuan ($401.07) per metric ton, marking its lowest closing price since July 10, […]
French farmers, including Jean Lefevre, are facing one of their worst wheat harvests in decades due to relentless rain that began last October and continued through the harvest last month. As the largest grain producer in the European Union, France has suffered from particularly wet weather over the past year, including a month of continuous […]
Ukraine is making significant efforts to export grain this summer, leveraging military gains in the Black Sea region despite ongoing Russian attacks on its ports. As a major global producer of wheat and corn, Ukraine previously exported about 6 million tons of grain monthly before the 2022 invasion. Grain sales are essential for Ukraine’s economy, […]
Chicago soybeans and corn futures have fallen to four-year lows, dipping below $10 and $4 a bushel, respectively, as traders anticipate a U.S. government report forecasting larger crop yields. The Chicago Board of Trade’s most active soybean contract fell 0.5% to $9.97-3/4 a bushel, while corn dropped 0.3% to $3.93-3/4 a bushel, marking their lowest […]
An oilseed workers’ strike in Argentina is entering its seventh day as wage negotiations remain stalled, significantly impacting shipments from one of the world’s leading grain exporters. Martin Morales, union secretary for the San Lorenzo Department Oilseed Workers and Employees Union (SOEA), confirmed that the strike would continue, stating, “Tomorrow we will evaluate again whether […]
Recent rainfall in eastern Argentina has provided much-needed relief to wheat-growing areas, according to the Buenos Aires Grain Exchange (BdeC). In its weekly crop report, the exchange noted that varying intensities of rain improved crop conditions, which are now rated between normal and good. However, the western regions continue to suffer from worsening drought and […]
Algeria’s state grains agency, OAIC, has successfully purchased approximately 600,000 to 700,000 metric tons of milling wheat in an international tender that closed on Thursday. European traders reported the purchases were made at prices ranging from $250.50 to $252 per ton, including cost and freight (c&f). Initial trader estimates had suggested prices could reach up […]
Russian agricultural consultancy IKAR has increased its 2024 grain export forecast by 2.2%, raising it from 55 million metric tons to 56.2 million metric tons. The consultancy also adjusted its grain crop estimate upward to 129.5 million metric tons, up from a previous estimate of 128 million metric tons. In comparison, Russia’s official forecast anticipates […]
A strike by Argentine oilseed industry unions has been extended for another day, disrupting operations at major agricultural hubs across the country. The strike, initiated by the SOEA and the Federation of Oilseed Industry Workers, began on Tuesday in response to demands for wage increases that surpass the country’s inflation rate. The unions decided to […]
China has implemented a ban on imports of sheep, goats, and related products from Greece and Romania to prevent the spread of a disease outbreak. The decision was announced by the customs authority on Wednesday, following the detection of Goat plague, or Peste des Petits Ruminants (PPR), in Greece last month. This highly contagious virus […]