Agriculture, Energy and Metal Information
Indonesia’s president-elect, Prabowo Subianto, has proposed a significant initiative to provide free meals to over 80 million school children, a plan that is expected to enhance dairy consumption and increase imports to support the country’s underdeveloped milk industry. This ambitious program, budgeted at $28 billion, aims to improve nutrition in a nation where caloric intake […]
This year’s French soft wheat crop, heavily impacted by rain, is expected to yield the smallest volume since the 1980s and is exhibiting mixed milling quality, according to FranceAgriMer. The ongoing heavy rainfall has affected both wheat planting and yields, presenting challenges for farmers facing lower prices and rising costs. In its initial assessment, FranceAgriMer […]
Jordan’s state grains buyer has successfully purchased approximately 60,000 metric tons of hard milling wheat in an international tender held on Tuesday. The wheat is to be sourced from optional origins, with reports indicating that it was acquired from trading house CHS at an estimated cost of $259.90 per ton, including cost and freight (c&f) […]
On Tuesday, China’s central bank announced it will provide an additional 100 billion yuan ($14 billion) to banks to support the rebuilding of areas affected by recent floods, which have damaged approximately 6 million acres of crops. The country has faced severe weather events, including Typhoon Gaemi, record rains in southern rice fields, and intense […]
Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), announced the purchase of 280,000 metric tons of wheat in a recent tender, significantly missing its target of 3.8 million tons. This tender was the largest ever launched by GASC and aimed to capitalize on falling wheat prices. However, traders noted that higher-than-expected prices […]
On Tuesday, China’s soymeal and rapeseed meal futures fell to their lowest levels in more than a year, driven by high inventories and expectations of abundant supplies. On the Dalian Commodity Exchange, the most active soymeal futures contract dropped 3.46% to 2,877 yuan ($401.07) per metric ton, marking its lowest closing price since July 10, […]
French farmers, including Jean Lefevre, are facing one of their worst wheat harvests in decades due to relentless rain that began last October and continued through the harvest last month. As the largest grain producer in the European Union, France has suffered from particularly wet weather over the past year, including a month of continuous […]
Ukraine is making significant efforts to export grain this summer, leveraging military gains in the Black Sea region despite ongoing Russian attacks on its ports. As a major global producer of wheat and corn, Ukraine previously exported about 6 million tons of grain monthly before the 2022 invasion. Grain sales are essential for Ukraine’s economy, […]
Chicago soybeans and corn futures have fallen to four-year lows, dipping below $10 and $4 a bushel, respectively, as traders anticipate a U.S. government report forecasting larger crop yields. The Chicago Board of Trade’s most active soybean contract fell 0.5% to $9.97-3/4 a bushel, while corn dropped 0.3% to $3.93-3/4 a bushel, marking their lowest […]
An oilseed workers’ strike in Argentina is entering its seventh day as wage negotiations remain stalled, significantly impacting shipments from one of the world’s leading grain exporters. Martin Morales, union secretary for the San Lorenzo Department Oilseed Workers and Employees Union (SOEA), confirmed that the strike would continue, stating, “Tomorrow we will evaluate again whether […]