Agriculture, Energy and Metal Information
European wheat prices increased by over 1% on Tuesday, driven by disappointing conditions for U.S. winter wheat and renewed demand signals. Key details include: Price Movement: The benchmark December milling wheat on Euronext rose to 219.25 euros per metric ton, reflecting a 1% increase. This uptick follows USDA data indicating that only 38% of the […]
China is projected to achieve a record grain output of over 700 million metric tons in 2024, marking a 0.7% increase from the 2023 harvest of 695.41 million tons. Key insights include: Stable Production: This marks the ninth consecutive year that China’s grain output has remained stable at over 1.3 trillion jin, with forecasts indicating […]
French dairy company Danone has ceased sourcing soy from Brazil, opting instead for suppliers in Asia, in anticipation of the European Union’s new deforestation regulation. Key points include: EU Deforestation Regulation (EUDR): This regulation, effective December 30, aims to ensure that companies can prove their products are not sourced from deforested land. A proposed 12-month […]
Russia’s initiative to establish a new international grain exchange aimed at BRICS countries may face significant delays, potentially taking years to materialize. Key points include: Purpose of the Exchange: The proposed exchange is part of Russia’s broader strategy to create new financial instruments, reduce reliance on the U.S. dollar, and mitigate the impact of Western […]
Recent rainfall in Argentina’s agricultural regions is expected to continue into November, supporting the normal planting of soybeans and corn. Here are the key highlights: Rainfall Expectations: Meteorologist German Heinzenknecht forecasts that the agricultural heartland will receive around 100 millimeters (4 inches) of rainfall, reversing previous dry conditions. Crop Yields: The 2024/25 soybean crop is […]
U.S. soybean exporters are experiencing a significant surge in export premiums, reaching a 14-month high, as they rush to ship a record-large harvest before the upcoming presidential election. Here are the key points: Export Surge: Approximately 2.5 million metric tons of U.S. soybeans were inspected for export last week, with nearly 1.7 million tons destined […]
India has officially removed the export tax on parboiled rice, a move aimed at enhancing shipments as the country anticipates a substantial rice harvest following favorable monsoon rains. Key points include: Export Tax Removal: The Indian government scrapped the export tax on parboiled rice, which was previously set at 10% (reduced from 20% last month). […]
The CDC is sending a team to Washington state to evaluate the health of farm workers who culled poultry affected by bird flu, following reports that four workers are presumed infected. Key details include: Infection Cases: If confirmed, these cases would mark Washington as the sixth state to report human infections of bird flu this […]
Russian wheat export prices have increased recently, aligning with newly published indicative prices. Key highlights include: Current Prices: The price for 12.5% protein Russian wheat scheduled for November delivery is now at $234 per metric ton, an increase of $4 from the previous week. Sovecon reports prices ranging from $234 to $237 per ton.Indicative Prices: […]
France’s maize harvest is significantly behind schedule, primarily due to heavy rainfall affecting field work. Key points include: Harvest Progress: As of October 14, only 13% of the maize crop had been harvested, a slight increase from 6% the previous week, but far below the 67% harvested at the same time last year and the […]