Agriculture

The International Grains Council (IGC) announced on Thursday a reduction in its forecast for global corn production for the 2024/25 season, primarily due to a downward revision in U.S. estimates. Key Highlights:Global Production Adjustment: The IGC cut its global corn crop forecast by 6 million metric tons, bringing the total to 1.219 billion tons.U.S. Corn […]

As corn prices reach their highest levels in over a year, farmers across the Midwest are seizing the opportunity to sell their grain. Iowa farmer Caleb Hamer recently contacted a local corn buyer to capitalize on the price surge, which has seen corn futures rise by approximately 10% over the past month following a reduction […]

Brazil achieved a remarkable milestone in 2024, exporting a record 50.4 million 60-kg bags of coffee, as reported by the industry group Cecafe. This surge in exports includes both arabica and robusta varieties, driven by supply challenges from other major coffee producers like Vietnam. Key Highlights:Export Growth: Total coffee exports from Brazil increased by 28.5% […]

The U.S. soybean crush reached an all-time high in December, driven by the recent launch of several new processing plants, according to data released by the National Oilseed Processors Association (NOPA). Key Highlights:Record Crushing Figures: NOPA members, representing over 95% of U.S.-processed soybeans, crushed 206.604 million bushels in December.This marks a 6.9% increase from 193.185 […]

Jordan’s state grains buyer has successfully purchased approximately 60,000 metric tons of hard milling wheat through an international tender held on Tuesday. The wheat is to be sourced from optional origins, reflecting Jordan’s strategic procurement approach. Key Highlights:Purchase Details: The wheat was reportedly acquired from CHS, a trading house, at an estimated cost of $267.60 […]

The Brazilian crop agency Conab has increased its forecast for domestic soybean production in the 2024/2025 season to 166.32 million metric tons, up from a previous estimate of 166.21 million tons. This adjustment is attributed to favorable weather conditions and a slight increase in the area planted with soybeans. Key Highlights:Production Increase: The new forecast […]

Argentina is facing a heat wave that is set to impact soybean and corn yields significantly, according to meteorologist German Heinzenknecht. The heat is expected to persist for several days before rains provide some relief by the weekend. Key Highlights:Current Weather Conditions: Argentina’s primary agricultural region has been experiencing a prolonged dry spell since the […]

AgRural, an agribusiness consultancy, reported on Monday that the soybean harvest in Mato Grosso, Brazil’s largest farming state, is progressing at its slowest pace in seven years due to disruptive rains. Key Highlights:Current Harvest Status: As of now, farmers across Brazil have harvested only 0.3% of the soybean area, a significant drop from 2.3% during […]

The U.S. government is set to unveil a climate model for clean fuel tax credits by next week, which is expected to significantly limit ethanol producers’ access to subsidies for the production of sustainable aviation fuel (SAF). This information comes from three sources familiar with the matter, as reported by Reuters. Key Highlights:Changes in Credit […]

The U.S. Department of Agriculture (USDA) announced on Friday that U.S. farmers produced less corn and soybeans last year than previously anticipated, leading to an increase in crop prices. The agency’s downward revision of output estimates was prompted by a dry end to the growing season. Key Highlights:Corn and Soybean Production: The USDA revised the […]