Agriculture

Analysts from Rabobank have issued a stark warning that U.S. soybean prices could fall below $9 per bushel if President-elect Donald Trump’s proposed tariffs ignite another trade war with China. This would mark a significant decline, potentially reaching the lowest prices since 2020, and would be well below farmers’ production costs. Key Highlights:Potential Price Drop: […]

The Louisiana Department of Health has confirmed the first human death in the United States linked to the H5N1 bird flu virus. The patient, who has not been publicly identified, died after being hospitalized on December 18 due to complications from the virus. Key Highlights:Patient Details: The deceased was over 65 years old and had […]

Indonesia’s Energy and Mineral Resources Minister has signed a decree allocating 15.6 million kilolitres (KL) of biodiesel for distribution in 2025. This move comes as the country prepares to increase the mandatory biodiesel mix from 35% to 40% palm oil fuel starting January 1, 2025. Key Highlights:Biodiesel Mix Increase: The government aims to raise the […]

Argentina’s 2024/25 soybean and corn crops are starting to suffer from a hot, dry austral summer, according to reports from the country’s leading grains exchanges. This shift follows a period of abundant spring rains that had previously created ideal growing conditions. Key Highlights:Current Situation: Argentina is the world’s largest exporter of soybean oil and meal, […]

Indian sugar mills have reported a production of 9.54 million metric tons of sugar since the season commenced on October 1, marking a 15.5% decrease year-on-year, according to the Indian Sugar and Bio-Energy Manufacturers Association (ISMA). This decline is attributed to falling cane yields in the country’s three largest sugar-producing states. Key Highlights:Production Declines: Maharashtra: […]

Consultancy firm StoneX announced on Thursday an upward revision of Brazil’s soybean crop forecast for the 2024-2025 season, now estimated at 171.4 million metric tons, up from the previous estimate of 166.2 million tons made in December. Key Highlights:Reasons for the Revision: The increase in the forecast is attributed to higher expectations for the area […]

Chicago soybean, corn, and wheat futures experienced a rally on Tuesday, driven by short-covering and concerns about adverse weather conditions in South America and Russia. However, all three commodities have posted annual declines for the second consecutive year due to ample global supplies and strained trade relations with China. Key Highlights:Market Performance: The most active […]

European wheat futures have extended their gains, marking an annual increase driven by robust U.S. grain performance and concerns regarding tightening wheat supplies from Russia. Key Highlights:Current Market Performance: Benchmark March milling wheat on the Paris-based Euronext settled 1.3% higher at 237.25 euros ($246.41) per metric ton after a shortened trading session ahead of the […]

Farmers in Ivory Coast, the world’s leading cocoa producer, are expressing concerns over dry weather conditions that could negatively impact cocoa bean quality and tighten supply starting in February. Key Points:Current Weather Conditions: Last week, most of Ivory Coast’s main cocoa regions experienced no rainfall, raising alarms among farmers about potential crop damage.The country is […]

Corn futures on the Chicago Board of Trade (CBOT) declined as traders engaged in profit-taking after the benchmark contract hit a six-month high during volatile trading ahead of the year’s end. Key Market Movements:Corn Futures:The most-active corn contract (Cv1) fell by 1-3/4 cents to $4.52-1/4 per bushel after reaching a peak of $4.59, the highest […]