Agriculture

The U.S. Department of Agriculture (USDA) has adjusted its projection for domestic corn ending stocks, citing an increase in the grain’s utilization for ethanol biofuel production and feed for farm animals. This adjustment comes as corn usage forecasts rise following a period of three-year low futures prices, despite global corn supplies being deemed abundant. Consequently, […]

Traders have reported that Chinese buyers have cancelled shipments of Ukrainian-origin animal feed corn, amounting to several hundred thousand metric tons. The precise volumes remain unclear, but it is estimated that around 300,000 tons have been cancelled across up to five Panamax shiploads, which were initially purchased for April/May shipment. The majority of these cancellations […]

Australia’s primary cropping areas are anticipated to experience median or above-median rainfall during the period of June to August, as indicated by the country’s weather bureau on Friday. This forecast raises the possibility of improved yields for winter crops such as wheat, barley, and canola, with Australia being a significant exporter of grains and oilseed. […]

In March, China experienced a notable decline in soybean imports, with the total volume reaching the lowest level for the month in four years. Data from the General Administration of Customs revealed that soybean imports for the month amounted to 5.54 million metric tons, marking a nearly 20% decrease compared to the same period last […]

Lean hog futures at the Chicago Mercantile Exchange (CME) experienced a pullback on Wednesday, driven by profit-taking following a seven-session climb to contract highs, according to analysts. The most actively traded June hogs set a contract high for the fourth consecutive session before reversing course, with the market having already surged by 7% this month […]

European wheat futures experienced an increase on Wednesday, supported by a significant decline in the euro against the dollar and renewed apprehensions regarding Black Sea supply. The May milling wheat on Paris-based Euronext settled 1.7% higher at 204.50 euros ($219.69) per metric ton. The weakening euro against the surging dollar following higher than expected U.S. […]

Archer-Daniels-Midland Co (ADM) CEO Juan Luciano’s compensation for 2023 amounted to $24.4 million, reflecting a 1% decrease from the prior year, as revealed in a securities filing on Wednesday. This disclosure follows an internal investigation into the company’s financial reports, prompted by past accounting issues that led to two government investigations and necessitated the revision […]

Chicago corn futures continued to make gains on Thursday as investors adjusted their positions in anticipation of a U.S. government report, which is expected to reveal a decrease in inventories. Meanwhile, wheat experienced a slight decline, with tensions in the Black Sea region providing support, while soybeans remained relatively unchanged. According to a Singapore-based trader, […]

Argentina’s Rosario grains exchange has revised down its projection for the country’s 2023/24 corn harvest to 50.5 million metric tons, citing “unprecedented” damage caused by the spiroplasma disease carried by leafhoppers. This adjustment comes after the exchange had previously forecast a 57 million ton harvest. The exchange described the impact of spiroplasma as unparalleled in […]

Brazil’s coffee exports in March soared to a total of 4.29 million 60-kg bags, marking a remarkable 37.8% increase compared to the corresponding period last year, as reported by industry group Cecafe on Tuesday. This figure sets a new record for the month, reflecting the country’s status as the world’s largest coffee producer and exporter. […]