Agriculture, Energy and Metal Information
China is experiencing a surplus of soybeans, driven by record-high purchases that have significantly boosted stockpiles. This oversupply comes at a time when demand for animal feed remains low, leading to expectations that prices for products like soyoil and soymeal will continue to decline. As the peak marketing season for U.S. soybeans approaches (September to […]
According to the International Cocoa Organisation (ICCO), a major cocoa producing region in Ghana, the world’s second-largest cocoa grower, is 81% infected with swollen shoot disease. Ghana’s Western North region, the country’s third-largest cocoa region by output, has been severely impacted by the outbreak. The ICCO cited data from Ghana’s Cocoa Health and Extension Division […]
China’s exports of the key fertilizer ingredient urea have slowed to a trickle during the first half of 2024, with shipments plunging 86.2% from a year ago. This sharp decline is a result of Beijing’s intervention aimed at cooling domestic prices, which is threatening to squeeze global supply. China is the world’s largest producer of […]
According to Egypt’s supply minister Sherif Farouk, the country’s strategic reserves of wheat are sufficient for 6.9 months. This statement was made to the state news agency on Thursday. The minister also provided information on Egypt’s strategic reserves of other essential commodities: Sugar reserves are sufficient for 19.3 monthsVegetable oil reserves are sufficient for 5.6 […]
Chicago soybean futures hit their lowest level in nearly four years on Thursday, pressured by favorable crop weather in the U.S. Midwest. Meanwhile, wheat prices rose slightly, buoyed by strong global demand. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.6% to $10.34-3/4 a bushel, after reaching $10.31-3/4, its lowest level […]
Ghana’s cocoa production has reached 429,323 metric tons, or less than 55% of the average seasonal output, as the harvesting nears completion at the end of June, according to data from the country’s marketing board, Cocobod. Disastrous harvests in Ghana and Ivory Coast, the world’s biggest producer, have driven up global cocoa prices since the […]
Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), has made a significant wheat purchase, buying 770,000 metric tons of mostly Russian wheat in an international tender. This marks GASC’s biggest single purchase since 2022, following a dip in Russian wheat prices. The purchase comprised 50,000 metric tons of Bulgarian wheat and 720,000 […]
Farmers in the Rostov region, Russia’s breadbasket, are struggling to salvage their harvest as the region battles a heatwave, frosts, and floods. Rostov accounts for 11% of Russia’s total grain harvest, and the agriculture ministry has said it is monitoring the region closely to make further adjustments to an already soft 2024 crop forecast. The […]
The Biden administration’s drive to increase U.S. wheat plantings after the Ukraine war is faltering as wheat prices hover around four-year lows and exportable supplies continue to flow from the Black Sea region, curbing demand for American grain. Wheat acreage expanded last year as prices soared to a near record high after Russia’s 2022 invasion […]
Federal and state investigators in Colorado are investigating an outbreak of the highly pathogenic H5N1 avian influenza virus at a commercial poultry farm, which has resulted in four confirmed human cases and one suspected case among poultry workers. The U.S. Centers for Disease Control and Prevention (CDC) has deployed a nine-member field team to support […]