Agriculture, Energy and Metal Information
A surge in bargain sales of crops by U.S. farmers, driven by the need to clear storage for the upcoming autumn harvest, is expected to enhance profitability for grain handlers like Archer-Daniels-Midland (ADM) and Bunge Global. Both companies, which trade and process soybeans and corn, recently highlighted slow farmer sales as a factor negatively impacting […]
The Buenos Aires grain exchange (BdeC) reported that moderate rains forecasted for Argentina’s farming heartland over the next few days are expected to positively impact the 2024/25 wheat crop, which has been affected by dry and cold conditions. Argentina is a significant global wheat exporter, and planting for the current agricultural campaign was completed last […]
On Friday, Chicago corn and soybean futures experienced a rise, yet they remain near four-year lows and are headed for weekly losses. The most-active soybean contract on the Chicago Board of Trade (CBOT) rose by 1.3% to $10.30 a bushel, but has lost 1.7% for the week, hitting a low of $10.13 on Thursday, the […]
According to the United Nations Food and Agriculture Organization (FAO), the world food price index decreased slightly in July, averaging 120.8 points, down from 121.0 in June. This decline was primarily driven by a 3.8% drop in the cereals price index, reaching its lowest level in nearly four years, as global export prices for major […]
By July 29, French farmers had harvested 67% of this year’s soft wheat crop, a significant increase from 41% the previous week. However, this progress remains well behind the typical pace due to ongoing rain that has disrupted fieldwork, according to data from FranceAgriMer. The heavy rainfall has raised concerns about the quality of the […]
Brazil’s 2025 coffee crop is at risk of suffering losses if unfavorable weather conditions persist, according to Guilherme Vinicius Teixeira, an agronomist at Cooxupe, the country’s largest coffee cooperative. He reported that many coffee crops have experienced over 120 days without rain, leading to critically low soil moisture levels in key producing areas such as […]
The Ukrainian grain traders union UGA has reduced its combined grain and oilseeds crop forecast for 2024 by 2.8 million metric tons to a total of 71.8 million tons, primarily due to a heatwave affecting the region. The forecast includes: Corn: 23.4 million tonsWheat: 19.8 million tonsBarley: 4.95 million tonsSunseed: 12.8 million tonsSoybeans: 4.8 million […]
Despite facing adverse weather conditions, Russia has upheld its official grain harvest forecast for 2024 at 132 million metric tons. Deputy Prime Minister Dmitry Patrushev, who oversees the agriculture sector, stated that extreme weather events, including early spring frosts, floods, and summer heat, have impacted the harvest outlook in key producing regions. This forecast is […]
Argentina’s grain exporters generated $2.616 billion in revenue in July 2024, marking a 35.8% increase compared to the same month last year, according to the CIARA-CEC chamber of oilseed producers and grains exporters. This revenue also represents a 32.3% rise from June. In the January-July period, the sector saw a 5.2% increase in revenues. CIARA-CEC […]
The Ukrainian grain traders union (UGA) has revised its forecast for the 2024 combined grain and oilseeds crop, reducing it by 2.8 million metric tons to a total of 71.8 million tons. This adjustment is attributed to adverse weather conditions, specifically a heatwave affecting crop yields. The forecast breakdown includes: Corn: 23.4 million tonsWheat: 19.8 […]