Agriculture

Chicago wheat futures dropped to a three-week low on Tuesday after the U.S. secured agreements with Russia and Ukraine to ensure safe Black Sea navigation, easing fears of export disruptions. Corn and soybean prices also fell amid rapid U.S. planting progress and expectations of a record South American soybean harvest. Price Movements (April 2 Settlement): […]

Brazil’s 2024/25 soybean production forecast has been cut by 2.3 million metric tons to 165.9 million tons due to worsening drought in the south, consultancy AgRural reported Monday. However, strong yields in top-growing regions could still deliver a record harvest. Key Updates:Rio Grande do Sul Hit Hard: The southern state’s soybean output is now projected […]

The U.S. is doubling egg imports from Brazil and exploring the use of broiler chicken eggs—previously discarded—to combat soaring prices caused by the worst bird flu outbreak in history, which has wiped out 170 million poultry since 2022. Key Developments:Brazilian Egg Imports Surge: U.S. imports of Brazilian eggs (once restricted to pet food) jumped 93% […]

China’s state stockpiler Sinograin will auction 160,000 metric tons of imported soybeans on March 25 to address supply shortages that have forced several processors to halt production. The soybeans, harvested between 2022 and 2023, will be delivered between April 1 and May 15, according to the National Grain Trade Centre. Key Details: Auction Timing: First […]

India is set to start the new sugar season in October with comfortable opening stocks, despite lower-than-expected production in the current season and exports of 1 million metric tons, the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) said Thursday. The country, the world’s second-largest sugar producer, will have 5.4 million tons of carryover stocks at […]

Canadian farmers are bracing for a dual trade crisis as China’s tariffs on $2.6 billion worth of agricultural exports took effect Thursday, while U.S. duties on additional Canadian goods loom. The tariffs, targeting canola oil, meal, peas, pork, and aquatic products, compound challenges for farmers already grappling with low crop prices and rising input costs. […]

The North American biofuels industry is scaling back production as U.S. President Donald Trump’s tariff policies and uncertainty over green fuel subsidies create market turmoil. U.S. and Canadian biofuel producers, facing rising costs and shrinking margins, are idling plants and shelving expansion projects, threatening rural economies and decarbonization efforts. Key Developments: Production Cuts: U.S. biodiesel […]

Euronext wheat futures surged on Wednesday, with the May milling wheat contract rising 2.3% to €227.25/metric ton, as Turkey’s decision to ease import restrictions sparked optimism for increased demand. The front-month contract hit a two-week high of €227.50, supported by reports of large Iranian wheat purchases and a weaker euro. Key Drivers: Turkey’s Policy Shift: […]

Chicago wheat futures eased on Tuesday as traders weighed improving U.S.-Russia diplomatic talks against worsening crop conditions, while corn and soybeans declined ahead of key USDA planting data and tariff retaliation risks. Wheat: The most-active CBOT wheat contract fell 3.5 cents to $5.65/bushel, retreating from Monday’s highs driven by U.S. Plains dust storms. Kansas winter […]

The U.S. Department of Agriculture (USDA) will begin accepting applications starting Wednesday for a $10 billion emergency aid program designed to support farmers grappling with historically low commodity prices. The funds, approved by Congress in late 2023, aim to supplement existing subsidies as farmers face mounting financial strain, with some crops now costing more to […]