Agriculture

Analysts anticipate that the U.S. soybean crush for October will reach a record 6.327 million short tons, equivalent to 210.9 million bushels, according to a survey by Reuters ahead of the upcoming U.S. Department of Agriculture (USDA) report. Key Highlights:Crush Growth: If the average estimate of 210.9 million bushels is realized, this would represent a […]

International cocoa buyers are injecting over $500 million into Ghana’s cocoa sector through upfront payments to the state marketing board, Cocobod, as they seek to secure supplies and avoid further financial losses. This comes in response to a significant overhaul of the country’s long-standing cocoa marketing system. Key Highlights:Marketing System Overhaul: Ghana, the world’s second-largest […]

Canola oilseed prices in Australia and Europe have surged by approximately 20% since early March, reaching two-year highs due to tight supply and a rally in vegetable oil markets. Further increases are anticipated as buyers hesitate to switch to cheaper soybeans. Key Highlights:Price Increases: In Australia, canola prices have reached nearly A$900 (about $586) per […]

Agricultural economists and industry leaders warn that proposed tariffs by President-elect Donald Trump on imports from Mexico and Canada could significantly increase prices for various groceries, including fresh produce and alcohol, while potentially leading to shortages. Key Highlights:Import Reliance: Mexico and Canada are the top suppliers of agricultural products to the U.S., with imports valued […]

As temperatures soar in India, farmers are increasingly abandoning rapeseed and mustard planting in favor of crops that are less susceptible to heat stress. This shift comes despite higher prices for rapeseed, as growers seek more reliable returns during an unusually warm sowing season. Key Highlights:Temperature Impact: Above-average temperatures in October and early November have […]

As President-elect Donald Trump prepares to take office, U.S. farm industry groups are advocating for the protection of immigrant workers from his proposed mass deportation policies. With nearly half of the nation’s 2 million farm workers lacking legal status, the potential deportation of these individuals could severely disrupt the food supply chain. Key Highlights:Immigrant Workforce […]

Western Australia is set to produce 420,000 metric tons more wheat this year than previously projected, according to a report from the Grain Industry Association of Western Australia (GIWA). This increase contributes to expectations that Australia’s national wheat crop will surpass earlier estimates. Key Highlights:Increased Production Estimates: Analysts have already raised their nationwide production estimates […]

The U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) has revised its forecast for Brazil’s 2024/25 coffee crop, projecting a total production of 66.4 million bags, a decrease from the previous estimate of 69.9 million bags. This adjustment reflects the impact of adverse weather conditions that have affected the main coffee-producing regions. Key Highlights:Production Growth: […]

Chicago Board of Trade (CBOT) soybean futures fell to fresh contract lows on Thursday, driven by significant agricultural trade agreements between Brazil and China and favorable weather conditions in South America for both soy and corn crops. Analysts noted that these factors have heightened expectations for large harvests. Corn futures also weakened, while wheat prices […]

The International Grains Council (IGC) announced on Thursday that it has revised its forecast for global wheat production in the 2024/25 season, primarily due to a diminished outlook for the European Union. The IGC’s monthly update indicates a reduction of 2 million metric tons, bringing the total projected wheat crop to 796 million tons. The […]