Agriculture

China’s soybean imports in May fell 15% from the record levels seen a year ago, reaching 10.22 million metric tons, according to customs data. This was below the expected arrivals of 11-12 million tons. The decline in May imports can be attributed to disruptions to Brazil’s soybean harvest due to floods, which have impacted the […]

Chicago wheat futures fell for an eighth consecutive day on Friday, closing at their lowest level in a month. The most-active wheat contract on the Chicago Board of Trade (CBOT) settled at $6.27-1/2 per bushel, down 12 cents. The decline marks a 7.5% drop for the week, the biggest weekly loss since July 2023. The […]

Russia has declared a federal emergency in 10 regions due to damage to crops from May frosts, a measure that will provide extra funds to help farmers. However, officials have stated that this should not derail the country’s export obligations. The move comes as no surprise, as the Agriculture Minister had earlier indicated that she […]

Malaysian palm oil futures closed more than 1% higher on Thursday, tracking gains in the crude oil market, as traders await key export and production data from the world’s second-largest producer. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 55 ringgit, or 1.4%, higher at 3,961 ringgit ($844.20) […]

Parts of the Rhine River in southern Germany have remained closed to cargo shipping on Thursday, following heavy rain in the region over the weekend that raised water levels. However, the river is currently falling, and authorities expect it to reopen to shipping on Friday. The German inland waterways navigation agency has reported that the […]

The World Health Organization (WHO) has reported the first known case of a human death from an infection with the H5N2 strain of avian influenza, or bird flu, in Mexico. The 59-year-old individual, who had prior health complications, died on April 24 after being hospitalized in Mexico City. According to the WHO, the person developed […]

Despite severe frosts in the first half of May and a subsequent drought in most regions of Ukraine, the country’s acting Agriculture Minister, Taras Vysotskiy, has stated that Ukraine has maintained its grain harvest forecast for 2024 at 52.4 million metric tons. Vysotskiy told Reuters, “At this time, we will not review it (the forecast). […]

According to data from the Ukrainian agriculture ministry, the country’s grain exports in the 2023/24 July-June marketing season had reached 47.4 million metric tons by June 5. This is an increase from the 45.6 million tons exported by the same date in 2022. The ministry’s data shows that this season’s exports included 483,000 tons since […]

Chicago wheat futures were little changed on Wednesday, after earlier hitting a two-week low, as concerns over weather-related damage to the Russian wheat crop eased. The most active wheat contract on the Chicago Board of Trade (CBOT) was down 0.1% at $6.57-1/2 per bushel as of 1135 GMT, after touching $6.56-3/4, its lowest level since […]

According to European traders, Algeria’s state grains agency OAIC is believed to have purchased between 810,000 and 840,000 metric tons of milling wheat in an international tender on Tuesday. This was higher than the initial trader estimates of around 800,000 tons on Tuesday evening, with some estimates on Wednesday reaching as high as 900,000 tons. […]