Agriculture

Chicago wheat futures gained ground on Friday after a two-day fall, as the market grappled with weather prospects in leading exporter Russia, where reduced harvest forecasts had pushed prices to a 10-month high earlier this week. Corn and soybean futures also rose after losses this week, amid favorable U.S. crop prospects. The most-active wheat contract […]

China’s flagship food group COFCO International has landed its first cargo of deforestation-free soybeans for domestic use, marking a milestone for a country that has traditionally prioritized price over sustainability in its farm imports. China is a major buyer of agricultural goods, including soybeans and beef, which are drivers of global deforestation, but has lagged […]

The condition of French soft wheat continued to deteriorate last week as wet weather persisted in crop belts, with the share of the crop in good or excellent condition falling to the lowest level this growing season and remaining at a four-year low. Grain crops in France, the European Union’s largest producer, have suffered from […]

The U.S. Department of Agriculture (USDA) has proposed allowing farmers to bulk test the milk of their dairy cows for bird flu, rather than having to test milk from individual cows, before gaining approval to ship them across state lines. This proposal comes as the spread of the H5N1 avian influenza virus to cattle and […]

India’s all-important monsoon rains have arrived two days earlier than expected, hitting the coast of the southernmost state of Kerala on Thursday. This early arrival offers respite from a grueling heat wave and boosts prospects for bumper harvests in the coming season. The summer monsoon rains are critical to India’s economic growth, as they provide […]

Wheat buyers in Asia, Africa, and the Middle East, who account for two-thirds of global wheat imports, have been caught off guard by the sharp 30% surge in wheat prices since April. This unexpected rally has left these major importers with relatively little supply on hand, as they had been buying cargoes just one or […]

The European Union has agreed to impose steep tariffs on imports of cereals, oilseeds, and derived products from Russia and Belarus, effective July 1st. The move is intended to halt imports of these commodities from the two countries into the EU market. Under the new measures, the tariffs will be set at 95 euros ($102.76) […]

Ukraine’s grain exports have seen a significant jump in May, climbing to 5 million metric tons compared to just 3 million tons by the same stage last year, according to data from the country’s agriculture ministry. The overall grain exports for the 2023/24 July-June marketing season have reached 46.4 million tons as of May 29, […]

Jordan’s state grain buyer has issued an international tender seeking to purchase up to 120,000 metric tons of milling wheat from optional origins. The deadline for price offers is June 4. The new tender announcement comes after Jordan made no purchase in its previous tender for 120,000 tons of wheat on Tuesday. In the latest […]

The devastating floods that have struck southern Brazil have taken a heavy toll on the region’s agricultural community, with many farmers like Edite de Almeida and her husband Joao Engelmann facing massive losses. After three days of relentless rains, the floodwaters rose above Almeida’s head, forcing the family to flee their home and release their […]