Agriculture, Energy and Metal Information
On Tuesday, two unions representing soybean oil factory workers in Argentina initiated a strike in response to stalled wage negotiations, bringing operations to a halt in one of the world’s largest soybean processing hubs. The unions, SOEA and the Federation of Oilseed Industry Workers, announced that the strike affects all soybean oil plants across the […]
Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), has announced a record tender for 3.8 million metric tons of wheat, aimed at covering imports from October 2024 to April 2025. This is the largest tender ever issued by GASC, which plays a crucial role in providing subsidized bread for millions of Egyptians. […]
China’s soybean imports rose by 2.9% in July year-on-year, totaling 9.85 million metric tons, according to customs data. This increase was driven by lower prices and concerns about potential trade tensions with the U.S. should Donald Trump return to the presidency. However, this figure fell short of traders’ expectations, which ranged from 12 million to […]
Brazilian poultry and pork processor BRF has announced it will pay a 2% premium over market prices for soybeans produced through regenerative agricultural practices. This initiative, organized by the Reg.IA consortium—which includes Bayer AG and several Brazilian companies—aims to enhance soil health and productivity using techniques like crop rotation and organic fertilization. Produzindo Certo, a […]
Bayer reported a 16.5% decline in quarterly adjusted earnings, marking a significant challenge for CEO Bill Anderson in his second year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the April-to-June period fell to €2.1 billion ($2.3 billion), impacted by weak demand stemming from lower grain prices and negative foreign exchange effects. […]
In July, two large bulldozers were observed digging into the soil of an avocado orchard in Madero, Michoacan, Mexico, as part of efforts to construct a water reservoir. This activity, captured by drone footage and reviewed by environmental activists, raises concerns about illegal practices in the avocado industry, which is rapidly expanding to meet U.S. […]
According to the latest U.S. Department of Agriculture (USDA) weekly crop progress report, soybean condition ratings have improved, while corn ratings have declined. As of the latest report, 68% of the soybean crop is rated in good to excellent condition, a slight increase from 67% the previous week. This improvement comes despite analysts’ expectations for […]
On Monday, Chicago wheat, corn, and soybean prices experienced a decline, driven by a sudden downturn in global financial markets. Despite a weaker dollar, which typically supports U.S. export sales, the combination of positive U.S. crop prospects and a risk-off sentiment among investors led to falling prices. Wheat: The most-active wheat contract on the Chicago […]
For the first time in four months, Malaysian palm oil stocks are projected to decrease in July, according to a Reuters survey. The expected inventory is estimated at 1.80 million metric tons, reflecting a 1.17% decline from the end of June. This anticipated drop comes after three consecutive months of rising stocks, driven by elevated […]
A severe heatwave in July has prompted warnings from the Ukrainian Agrarian Council (UAC) that the 2024 corn harvest could decline by approximately 6 million metric tons compared to last year’s figures. While the UAC did not provide a specific total for the expected harvest, it aligns with forecasts from the Ukrainian grain traders union […]