Agriculture, Energy and Metal Information
In July, two large bulldozers were observed digging into the soil of an avocado orchard in Madero, Michoacan, Mexico, as part of efforts to construct a water reservoir. This activity, captured by drone footage and reviewed by environmental activists, raises concerns about illegal practices in the avocado industry, which is rapidly expanding to meet U.S. […]
According to the latest U.S. Department of Agriculture (USDA) weekly crop progress report, soybean condition ratings have improved, while corn ratings have declined. As of the latest report, 68% of the soybean crop is rated in good to excellent condition, a slight increase from 67% the previous week. This improvement comes despite analysts’ expectations for […]
On Monday, Chicago wheat, corn, and soybean prices experienced a decline, driven by a sudden downturn in global financial markets. Despite a weaker dollar, which typically supports U.S. export sales, the combination of positive U.S. crop prospects and a risk-off sentiment among investors led to falling prices. Wheat: The most-active wheat contract on the Chicago […]
For the first time in four months, Malaysian palm oil stocks are projected to decrease in July, according to a Reuters survey. The expected inventory is estimated at 1.80 million metric tons, reflecting a 1.17% decline from the end of June. This anticipated drop comes after three consecutive months of rising stocks, driven by elevated […]
A severe heatwave in July has prompted warnings from the Ukrainian Agrarian Council (UAC) that the 2024 corn harvest could decline by approximately 6 million metric tons compared to last year’s figures. While the UAC did not provide a specific total for the expected harvest, it aligns with forecasts from the Ukrainian grain traders union […]
A surge in bargain sales of crops by U.S. farmers, driven by the need to clear storage for the upcoming autumn harvest, is expected to enhance profitability for grain handlers like Archer-Daniels-Midland (ADM) and Bunge Global. Both companies, which trade and process soybeans and corn, recently highlighted slow farmer sales as a factor negatively impacting […]
The Buenos Aires grain exchange (BdeC) reported that moderate rains forecasted for Argentina’s farming heartland over the next few days are expected to positively impact the 2024/25 wheat crop, which has been affected by dry and cold conditions. Argentina is a significant global wheat exporter, and planting for the current agricultural campaign was completed last […]
On Friday, Chicago corn and soybean futures experienced a rise, yet they remain near four-year lows and are headed for weekly losses. The most-active soybean contract on the Chicago Board of Trade (CBOT) rose by 1.3% to $10.30 a bushel, but has lost 1.7% for the week, hitting a low of $10.13 on Thursday, the […]
According to the United Nations Food and Agriculture Organization (FAO), the world food price index decreased slightly in July, averaging 120.8 points, down from 121.0 in June. This decline was primarily driven by a 3.8% drop in the cereals price index, reaching its lowest level in nearly four years, as global export prices for major […]
By July 29, French farmers had harvested 67% of this year’s soft wheat crop, a significant increase from 41% the previous week. However, this progress remains well behind the typical pace due to ongoing rain that has disrupted fieldwork, according to data from FranceAgriMer. The heavy rainfall has raised concerns about the quality of the […]