Agriculture

Argentine soybean farmers are facing a perfect storm of rain-drenched fields and low prices, leading to the slowest pace of crop sales in the country in over a decade. In the key grain-producing region of Pergamino, farmer Adrian Farroni is just now ramping up his soybean harvest, which was delayed by persistent rainfall. Generally, the […]

According to a consensus forecast by the Russian Union of Grain Exporters (Rusgrain), Russia’s wheat exports in the 2024/25 season could reach 46.9 million metric tons. The Rusgrain union decided to publish weekly consensus forecasts “in connection with recent natural disasters that significantly affect the volume of production of grain and other basic agricultural crops” […]

According to data from farm office FranceAgriMer, the condition of French soft wheat crops steadied at a four-year low last week, while maize planting accelerated as a warm spell helped rain-soaked fields dry out. For soft wheat, 64% of the crop was estimated to be in good or excellent condition by May 13, unchanged from […]

The U.S. House Agriculture Committee has released a draft farm bill that includes provisions to reduce spending on food aid for the poor and cut funding for efforts to help farmers fight climate change, drawing opposition from Democrats. The legislation, which funds nutrition, conservation, and commodity programs, is typically passed every five years. However, Congress […]

Chicago Board of Trade wheat futures dropped on Friday after a crop tour through Kansas this week projected better-than-average yields in the top U.S. winter wheat state, analysts said. The July wheat contract on the CBOT WN24 settled down 12 cents at $6.51-1/4 a bushel. The most-active contract Wv1 ended down about 1.9% for the […]

As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, a country that relies heavily on Chinese inputs for much of its exports. This surge in the China-Vietnam-U.S. trade has vastly widened trade imbalances, with Vietnam posting a surplus with Washington close to $105 […]

Strategie Grains, the agricultural consultancy, has increased its monthly forecast for this year’s soft wheat crop in the European Union by 1.7 million metric tons to 123.5 million tons. The revised outlook is supported by favorable harvest prospects in Spain. Despite the increase, the consultancy’s forecast is still lower than last year’s production, estimated at […]

The French farm office, FranceAgriMer, has increased its forecast of French soft wheat stocks for the 2023/24 season to a new 19-year high, as it reduced domestic demand from livestock feed and starch makers. In its latest supply and demand outlook, FranceAgriMer raised its projection of soft wheat stocks at the end of the 2023/24 […]

Chicago wheat futures edged lower on Thursday, as hopes for strong U.S. yields took the edge off worries about crop losses in top exporter Russia, which had driven prices to 10-month highs this week. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 0.2% to $6.64-3/4 per bushel, after reaching as high […]

France’s grain maize area is forecast to jump by nearly 10% this year as farmers shift to spring varieties after heavy rain hit winter crops, according to the country’s farm ministry. In its first projection on 2024 maize planting, the ministry expects farmers to plant 1.44 million hectares of grain maize, including crop grown for […]