Agriculture, Energy and Metal Information
Recent rainfall in eastern Argentina has provided much-needed relief to wheat-growing areas, according to the Buenos Aires Grain Exchange (BdeC). In its weekly crop report, the exchange noted that varying intensities of rain improved crop conditions, which are now rated between normal and good. However, the western regions continue to suffer from worsening drought and […]
Algeria’s state grains agency, OAIC, has successfully purchased approximately 600,000 to 700,000 metric tons of milling wheat in an international tender that closed on Thursday. European traders reported the purchases were made at prices ranging from $250.50 to $252 per ton, including cost and freight (c&f). Initial trader estimates had suggested prices could reach up […]
Russian agricultural consultancy IKAR has increased its 2024 grain export forecast by 2.2%, raising it from 55 million metric tons to 56.2 million metric tons. The consultancy also adjusted its grain crop estimate upward to 129.5 million metric tons, up from a previous estimate of 128 million metric tons. In comparison, Russia’s official forecast anticipates […]
A strike by Argentine oilseed industry unions has been extended for another day, disrupting operations at major agricultural hubs across the country. The strike, initiated by the SOEA and the Federation of Oilseed Industry Workers, began on Tuesday in response to demands for wage increases that surpass the country’s inflation rate. The unions decided to […]
China has implemented a ban on imports of sheep, goats, and related products from Greece and Romania to prevent the spread of a disease outbreak. The decision was announced by the customs authority on Wednesday, following the detection of Goat plague, or Peste des Petits Ruminants (PPR), in Greece last month. This highly contagious virus […]
On Tuesday, two unions representing soybean oil factory workers in Argentina initiated a strike in response to stalled wage negotiations, bringing operations to a halt in one of the world’s largest soybean processing hubs. The unions, SOEA and the Federation of Oilseed Industry Workers, announced that the strike affects all soybean oil plants across the […]
Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), has announced a record tender for 3.8 million metric tons of wheat, aimed at covering imports from October 2024 to April 2025. This is the largest tender ever issued by GASC, which plays a crucial role in providing subsidized bread for millions of Egyptians. […]
China’s soybean imports rose by 2.9% in July year-on-year, totaling 9.85 million metric tons, according to customs data. This increase was driven by lower prices and concerns about potential trade tensions with the U.S. should Donald Trump return to the presidency. However, this figure fell short of traders’ expectations, which ranged from 12 million to […]
Brazilian poultry and pork processor BRF has announced it will pay a 2% premium over market prices for soybeans produced through regenerative agricultural practices. This initiative, organized by the Reg.IA consortium—which includes Bayer AG and several Brazilian companies—aims to enhance soil health and productivity using techniques like crop rotation and organic fertilization. Produzindo Certo, a […]
Bayer reported a 16.5% decline in quarterly adjusted earnings, marking a significant challenge for CEO Bill Anderson in his second year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the April-to-June period fell to €2.1 billion ($2.3 billion), impacted by weak demand stemming from lower grain prices and negative foreign exchange effects. […]