Agriculture

Chicago wheat prices hit new nine-month highs on Monday due to concerns that frosts could damage crops in top exporter Russia. However, the prices fell back later in the session on selling pressure as rain was forecast in the dry Russian grain belts. The most-active wheat contract on the Chicago Board of Trade (CBOT) initially […]

Malaysia, the world’s second-largest palm oil producer, reported a rise in palm oil stocks at the end of April, the first increase in six months. This surge in inventories is attributed to a jump in production, despite a drop in exports. According to data from the Malaysian Palm Oil Board (MPOB), the industry regulator, Malaysia’s […]

According to the Ukrainian agriculture ministry, farmers in the country have sown around 10 million hectares of spring grain crops as of May 10, 2024. The sown area includes: 4.3 million hectares of spring grains5.2 million hectares of oilseedsSpecifically, the ministry data shows: 2.8 million hectares of corn779,900 hectares of spring barley244,900 hectares of spring […]

Bunge, the global agribusiness and food company, has temporarily suspended activities at its soybean crushing unit and port terminal in the city of Rio Grande, Brazil, effective from Thursday. The decision was made due to forecasts of possible flooding in the region in the coming days, the company said in a statement to Reuters. Rio […]

Chicago wheat futures rose to a nine-month high on Friday, driven by concerns over frost damage to crops in top exporter Russia. Corn and soybean prices also edged higher amid challenging weather conditions in major growing regions. According to the Russian agriculture ministry, wheat regions hit by frosts this month will need to be re-sown, […]

According to the Iranian Student News Agency, a deputy at the Iranian Agriculture Ministry has stated that Iran will not import any wheat until March 2025, as the country will rely on its domestic wheat production. Alireza Mohajer, the deputy agriculture minister, said that between March 2023 and March 2024, Iran’s domestic wheat production has […]

According to Russia’s state news agency TASS, the country’s agriculture ministry has stated that the regions hit by frosts in May will re-sow the crops that were killed by the cold weather. Three of Russia’s key grain-growing areas – Lipetsk, Voronezh, and Tambov, which are part of the country’s fertile Black Earth region – have […]

China’s soybean imports in April jumped 18% from a year earlier, reaching a record high of 8.57 million metric tons for the month, according to data from the General Administration of Customs. This surge was driven by Chinese buyers snapping up cheap and plentiful Brazilian beans as the South American producer wrapped up its harvest […]

Chicago wheat futures rose on Thursday, driven by concerns over the impact of frosts in Russia, the world’s top wheat exporter. Three of Russia’s key grain-growing areas have declared a state of emergency due to severe damage to crops from May frosts, which is expected to reduce this year’s harvest. The most-active wheat contract on […]

According to the Russian Foreign Ministry, Russia has accused the European Union of illegally holding around 100,000 tons of Russian fertilizers in various European ports. In a statement, Russian Foreign Ministry Spokeswoman Maria Zakharova said that Moscow will continue its efforts to unblock these fertilizer shipments and will then hand them over free of charge […]