Agriculture

On Tuesday, Archer-Daniels-Midland (ADM.N) shares tumbled 6%, erasing around $1.6 billion of market value and hitting the lowest level since January 2021. This came after the global grains merchant cut its 2024 profit outlook and announced it would amend previous financial statements due to the discovery of fresh accounting irregularities.The accounting woes have been piling […]

On Monday, Brazilian millers stated that the current reference prices for raw sugar (SBc1) are insufficient to warrant investment in new plants. Additionally, the marginal increases in production achievable through adjustments to existing plants are nearly at their limit.Sugar demand has been growing steadily at around 2% per year. However, production has been hampered by […]

On Monday, Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), encountered the situation of having to pay higher prices than usual in an international wheat tender. This was due to the existence of minimum Russian export prices along with Egypt’s significant demand for wheat.This tender marked Egypt’s first foray into the wheat […]

European wheat prices ended the week lower, influenced by declines in U.S. markets and ongoing evaluations of Algeria’s recent tender, where it is believed to have purchased approximately 600,000 metric tons of wheat. Market Performance: The benchmark December milling wheat on Paris’s Euronext closed 0.6% lower at €216.75 per metric ton. Similarly, the most traded […]

Ukraine’s grain exports saw a significant increase in October, rising by 58.6% to 3.95 million metric tons compared to 2.49 million tons during the same month last year. The surge was primarily fueled by higher shipments of corn, barley, and wheat, as reported by the agriculture ministry. Export Breakdown: The October exports included: Wheat: 1.64 […]

Kazakhstan’s Agriculture Minister, Aidarbek Saparov, expressed optimism on Thursday about resolving ongoing trade issues with Russia regarding the import of grain and other agricultural products. Here are the key points: Negotiations Underway: Following discussions with Russia’s agricultural safety watchdog, Saparov announced that one of his deputies has traveled to Moscow to continue negotiations aimed at […]

Russia’s recent measures to limit grain exports are generating significant confusion in international markets, as unclear government directives leave loopholes and create potential tensions with key buyers. Here are the main points: Purpose of Export Curbs: As the world’s largest wheat exporter, Russia is attempting to restrict grain supplies to prevent domestic price spikes amid […]

Ukraine is set to launch a new system for minimum export prices on key grain and oilseed shipments by the beginning of December, according to Agriculture Minister Vitaliy Koval. Here are the key points: Purpose of the Scheme: The initiative aims to address price distortions caused by the ongoing war with Russia, which has led […]

Bunge reported better-than-expected third-quarter profits, driven by large global harvests and solid volumes of soy, corn, and other crops. Key highlights include: Profit Performance: Bunge’s adjusted profit for the quarter ended September 30 was $2.29 per share, surpassing analysts’ expectations of $2.15 per share. Volume Growth: The company benefited from a record soybean crop and […]

Brazilian soybean producers and the government have reacted strongly against Danone’s decision to cease sourcing soy from Brazil, citing concerns over deforestation regulations. Here are the key points: Danone’s Decision: The French dairy company announced it would source soybeans from Asian countries instead of Brazil, in anticipation of new European Union regulations requiring companies to […]