Agriculture

The U.S. Department of Agriculture (USDA) announced on Tuesday that sugar demand in the United States is projected to fall further in the 2024/25 season, while production is expected to reach record levels. Key Highlights:Projected Sugar Demand: Sugar consumption in the U.S. for the 2024/25 season is estimated at 12.48 million short tons (ST), which […]

The U.S. Department of Agriculture (USDA) announced on Tuesday that Argentina’s corn and soybean harvests will be lower than previously expected due to adverse hot and dry weather conditions affecting crop yields. Key Highlights:Argentina’s Role in Global Markets: Argentina is a major grain supplier, being the world’s top exporter of soyoil and meal and the […]

Coffee futures in New York skyrocketed by over 6% on Monday, reaching a new all-time high above $4.30 per pound on the ICE exchange. This surge is attributed to panic buying among market participants due to limited coffee availability, particularly in Brazil, the world’s largest coffee producer. Key Highlights:Record Prices: Arabica coffee futures have hit […]

Russian wheat export prices continued to climb last week as traders prepared for upcoming export quotas set to take effect on February 15. Analysts noted a decrease in exports and a consolidation among exporters, contributing to the rising prices. Key Highlights:Current Pricing: The price of Russian wheat with 12.5% protein for free-on-board (FOB) delivery in […]

Russia’s state property agency has taken control of all assets belonging to Rodnie Polya, previously the country’s largest grain trader, following a recent court ruling. This decision stems from a lawsuit filed by the General Prosecutor’s Office aimed at transferring the company’s assets to the state. Key Highlights:Court Decision: A Russian court ruled in favor […]

Wheat futures on the Chicago Board of Trade (CBOT) surged to their highest levels since October, driven by worries over potential crop damage in the Black Sea region due to cold weather and short covering by commodity funds. Key Highlights:Price Movement: Most-active CBOT wheat futures settled up 15.5 cents at $5.87¾ per bushel.Corn futures ended […]

The U.S. government has ceased purchases for foreign food aid programs, a move that began during the Trump administration’s review of federal aid spending. This halt continues despite a waiver issued nearly two weeks ago that was intended to allow for food assistance. Key Highlights:Impact on Foreign Aid: The freeze on purchasing wheat, soybeans, and […]

Operations at a major grain transshipment hub in Rondonopolis, Mato Grosso, have returned to normal after a significant disruption caused by thousands of trucks struggling to unload grains. The facility, managed by Rumo, serves as a crucial link between Brazil’s agricultural heartland and the port of Santos. Key Highlights:Disruption Details: At the peak of the […]

Recent frigid temperatures across the U.S. Plains and Midwest are likely to have caused significant damage to the winter wheat crop, with estimates suggesting that as much as 15% of the crop may have been affected. This alarming forecast comes from the Commodity Weather Group, which highlighted the risks posed by a recent blast of […]

Argentina’s recent decision to cut export taxes on grains is anticipated to significantly increase shipments from the agricultural sector, with potential long-term benefits for production. This move comes as part of libertarian President Javier Milei’s campaign promises and aims to support farmers affected by recent drought conditions. Key Highlights:Tax Cuts Announcement: The Argentine government announced […]