Agriculture

Taiwan’s MFIG purchasing group has acquired approximately 65,000 metric tons of animal feed corn, expected to be sourced from Brazil, through an international tender. The corn was purchased at an estimated premium of 194.99 U.S. cents per bushel, including cost and freight (c&f) over the Chicago December 2024 corn contract. The transaction is believed to […]

Recent rainfall across Australia has significantly improved the outlook for the country’s 2024/25 wheat production, with projections now at around 30 million metric tons. This marks a notable increase from earlier estimates of approximately 25 million tons. Australia, the world’s fourth-largest wheat exporter, produced 26 million tons in the previous year and 40.5 million tons […]

Bunge’s shares fell nearly 6% following a disappointing second-quarter profit report that missed Wall Street expectations. The grain trader reported an 8.4% decline in adjusted earnings in its agribusiness segment, down 55% year-over-year to $298 million, primarily due to narrower processing margins. Global supplies of soybeans and corn are keeping crop prices near four-year lows, […]

Indonesia’s Trade Ministry is set to revise the domestic market obligation (DMO) rules for palm oil, which may alter the pricing structure for the portion and types of products sold to the local market, according to director Bambang Wisnubroto. Under the current DMO framework, palm oil producers are required to sell a portion of their […]

As of last Thursday, Brazilian farmers in the key center-south region have completed 91% of their 2024 second corn harvest, according to agribusiness consultancy AgRural. This marks a significant increase from 83% the previous week and is notably higher than the 55% harvested at the same time last year. This is the fastest pace for […]

India is poised to make a decision regarding the sugar industry’s request for an increase in the minimum selling price (MSP) in the coming days, according to Food Secretary Sanjeev Chopra. The government is also expected to finalize ethanol policies ahead of the next marketing season. As the world’s largest sugar consumer, India has implemented […]

Strategie Grains has once again lowered its forecasts for the 2024 rapeseed and sunflower seed harvests in the European Union, citing ongoing unfavorable weather conditions impacting the bloc’s primary oilseed crops. For the third consecutive month, the consultancy has revised its outlook for the EU’s rapeseed harvest, now estimating production at 17.27 million metric tons. […]

Recent rains have enabled Argentine farmers to finish planting wheat for the 2024/25 harvesting season in the country’s agricultural heartland, as reported by the Buenos Aires grains exchange (BdeC). The planting is now 98.5% complete across the 6.3 million hectares dedicated to wheat nationwide. Argentina, a major global supplier of grains, relies heavily on the […]

Russian agricultural consultancy Sovecon has updated its forecast for the country’s 2024 wheat crop, raising it to 84.7 million metric tons, up from the previous estimate of 84.2 million tons. This revision reflects improved expectations for wheat production in Russia.

As of July 25, Ukraine has harvested approximately 20 million metric tons of grains, according to the farm ministry. This includes 14.7 million tons of wheat harvested from 3.5 million hectares, yielding an average of 4.2 tons per hectare. Additionally, farmers have gathered 3.87 million tons of barley with a yield of 3.79 tons per […]