Agriculture

Asian commodities trader Wilmar announced on Tuesday that recent rains in Brazil’s primary sugar-producing region towards the end of March and early April are set to enhance the outlook for this year’s sugar season in the largest global producer and exporter of the sweetener. According to Wilmar, Brazil’s Centre-South region is anticipated to achieve its […]

Argus, a leading commodity analysis firm, has revised its forecast for Russian wheat production in the upcoming year to 92.1 million metric tons. This updated projection reflects an increase in the estimate for the winter wheat area, which compensates for less favorable prospects related to spring wheat planting and yields. Initially projected at 90 million […]

RIF, one of Russia’s prominent grain exporters, has ceased agricultural goods handling operations at an Azov terminal, as confirmed by the terminal’s owner to Reuters on Tuesday. This development comes amidst a dispute with authorities that has resulted in a slowdown of grain exports from the region. The Azov terminal, which serves as a gateway […]

In the grain markets, Chicago wheat saw a modest decline for the third consecutive session on Wednesday amid expectations of ample supplies later in the year from the northern hemisphere. Conversely, soybeans rebounded after a two-day slump, while corn prices also strengthened. A trader based in Singapore noted that improved wheat crops in Russia and […]

Russian wheat export prices experienced another increase last week, accompanied by a slight adjustment in analysts’ export estimates for March. The price for 12.5% protein Russian wheat intended for free-on-board (FOB) delivery in May reached $210.0 per metric ton, marking a $2.0 uptick from the previous week, as reported by the IKAR agriculture consultancy. Similarly, […]

The latest data from the U.S. Department of Agriculture (USDA) revealed that the condition of U.S. winter wheat, rated as good or excellent, remained unchanged from the previous week, defying concerns related to dry weather and wind impacts. The report indicated that 56% of winter wheat is in good to excellent condition, aligning with expectations […]

In a recent international tender, Iranian state-owned animal feed importer SLAL is reported to have successfully acquired approximately 100,000 metric tons of soymeal, with expectations for the origin of the product to be Argentina or Brazil. The purchase, believed to have been conducted in two equal consignments of around 50,000 tons each, was finalized at […]

According to agribusiness consultancy AgRural, Brazil’s soybean harvest progress for the 2023/24 cycle has reached 78% of the planted area as of last Thursday, marking a 4-percentage-point increase from the previous week. However, this figure falls short of the 82% achieved at the same period in the previous year. Analysts at AgRural noted that the […]

India is projected to yield 105 million metric tons of wheat this year, as indicated by the Roller Flour Millers Federation of India on Monday. This estimate stands 6.25% below the government’s forecast of 112 million metric tons for 2024. As the world’s second-largest wheat consumer and grower after China, India has imposed export bans […]

Chicago corn prices continued their downward trend on Monday, influenced by expectations of improved U.S. planting weather, while soybeans registered gains for the second consecutive session. Wheat prices retreated from the robust gains of the previous session, which were driven by tensions in the Black Sea region and concerns regarding French crop conditions. The active […]