Agriculture, Energy and Metal Information
The World Health Organization (WHO) has warned that the H5N1 bird flu virus, which is present in many wild birds, may pose a risk of infecting cows in countries beyond the United States as the birds migrate. Wenqing Zhang, the head of the WHO’s Global Influenza Programme, stated at a news briefing in Geneva that […]
Global grain trader Archer-Daniels-Midland (ADM) reported better-than-expected first-quarter 2024 profits, citing lower energy and manufacturing costs. However, the company warned of lower soy crushing margins and continued headwinds in its Nutrition unit, which has been the focus of government investigations. ADM’s adjusted operating profit in its Ag Services and Oilseeds division, which includes soybean crushing […]
The Biden administration has released guidance on its sustainable aviation fuel (SAF) subsidy program, which will allow corn-based ethanol to qualify for the subsidies if it is sourced from farms using climate-friendly growing techniques. The plan is likely to be welcomed by the politically powerful U.S. ethanol industry, which has been eager to secure these […]
World cocoa prices have recovered on Tuesday after suffering losses of more than 20% earlier in the week. The sharp decline was driven by record low liquidity in the market, as technical triggers prevailed. Prior to this week’s slump, cocoa futures traded on the ICE exchange – used as a global benchmark – had nearly […]
Impossible Foods, the maker of meat alternatives from soy, is targeting a “liquidity event” in the next two to three years, which could include a public offering, CEO Peter McGuinness told Reuters. However, the CEO stated that the company is not set on an initial public offering (IPO) and is considering other options, such as […]
Consultancy Strategie Grains has kept its forecast for this year’s rapeseed output in the European Union nearly unchanged at 18.1 million metric tons, pointing to good crop conditions in large producing regions of the bloc. However, the new rapeseed crop forecast would still be 9% below last year’s harvest of 19.9 million tons, after a […]
Argentina’s oilseed and maritime worker unions have launched a strike to protest a labor reform bill backed by President Javier Milei, as lawmakers in the country’s lower house of Congress began debating the measure on Monday. The strike, called by the SOEA oilseed union and the United Maritime Workers Union (SOMU), is aimed at putting […]
The United States’ share in China’s soybean imports is set to decline further in 2024, as the world’s biggest oilseed consumer is expected to increase purchases from Argentina, which is projected to have a bumper soybean crop. According to the United Nations Commodity Trade Statistics Database, the U.S. accounted for less than a quarter of […]
The rapid growth of the solar industry in the U.S. Midwest is putting some of the nation’s most valuable farmland at risk, according to a Reuters analysis. Farmers like Dave Duttlinger in Indiana are witnessing firsthand the negative impacts of solar development on their land. Duttlinger leased about 445 acres of his 1,200-acre farm to […]
The latest USDA weekly crop progress report showed a slight dip in the ratings for the U.S. winter wheat crop, but the overall condition remains strong compared to recent years. Meanwhile, planting progress for spring crops like corn and soybeans is underway, with the report providing the latest updates. For winter wheat, 49% of the […]