Agriculture

Brazil’s 2025 coffee crop is at risk of suffering losses if unfavorable weather conditions persist, according to Guilherme Vinicius Teixeira, an agronomist at Cooxupe, the country’s largest coffee cooperative. He reported that many coffee crops have experienced over 120 days without rain, leading to critically low soil moisture levels in key producing areas such as […]

The Ukrainian grain traders union UGA has reduced its combined grain and oilseeds crop forecast for 2024 by 2.8 million metric tons to a total of 71.8 million tons, primarily due to a heatwave affecting the region. The forecast includes: Corn: 23.4 million tonsWheat: 19.8 million tonsBarley: 4.95 million tonsSunseed: 12.8 million tonsSoybeans: 4.8 million […]

Despite facing adverse weather conditions, Russia has upheld its official grain harvest forecast for 2024 at 132 million metric tons. Deputy Prime Minister Dmitry Patrushev, who oversees the agriculture sector, stated that extreme weather events, including early spring frosts, floods, and summer heat, have impacted the harvest outlook in key producing regions. This forecast is […]

Argentina’s grain exporters generated $2.616 billion in revenue in July 2024, marking a 35.8% increase compared to the same month last year, according to the CIARA-CEC chamber of oilseed producers and grains exporters. This revenue also represents a 32.3% rise from June. In the January-July period, the sector saw a 5.2% increase in revenues. CIARA-CEC […]

The Ukrainian grain traders union (UGA) has revised its forecast for the 2024 combined grain and oilseeds crop, reducing it by 2.8 million metric tons to a total of 71.8 million tons. This adjustment is attributed to adverse weather conditions, specifically a heatwave affecting crop yields. The forecast breakdown includes: Corn: 23.4 million tonsWheat: 19.8 […]

Taiwan’s MFIG purchasing group has acquired approximately 65,000 metric tons of animal feed corn, expected to be sourced from Brazil, through an international tender. The corn was purchased at an estimated premium of 194.99 U.S. cents per bushel, including cost and freight (c&f) over the Chicago December 2024 corn contract. The transaction is believed to […]

Recent rainfall across Australia has significantly improved the outlook for the country’s 2024/25 wheat production, with projections now at around 30 million metric tons. This marks a notable increase from earlier estimates of approximately 25 million tons. Australia, the world’s fourth-largest wheat exporter, produced 26 million tons in the previous year and 40.5 million tons […]

Bunge’s shares fell nearly 6% following a disappointing second-quarter profit report that missed Wall Street expectations. The grain trader reported an 8.4% decline in adjusted earnings in its agribusiness segment, down 55% year-over-year to $298 million, primarily due to narrower processing margins. Global supplies of soybeans and corn are keeping crop prices near four-year lows, […]

Indonesia’s Trade Ministry is set to revise the domestic market obligation (DMO) rules for palm oil, which may alter the pricing structure for the portion and types of products sold to the local market, according to director Bambang Wisnubroto. Under the current DMO framework, palm oil producers are required to sell a portion of their […]

As of last Thursday, Brazilian farmers in the key center-south region have completed 91% of their 2024 second corn harvest, according to agribusiness consultancy AgRural. This marks a significant increase from 83% the previous week and is notably higher than the 55% harvested at the same time last year. This is the fastest pace for […]