Agriculture, Energy and Metal Information
Australian farmers are anticipated to expand their wheat and barley planting this year due to heightened Chinese demand and favorable wet weather conditions on the country’s east coast. In contrast, canola sowing is expected to decrease amid reduced profit margins and dry conditions in Western Australia. Australia, a significant global exporter of wheat, barley, and […]
The Buenos Aires Grains Exchange of Argentina revised down its projection for the 2023/24 corn crop to 52 million metric tons, attributing the adjustment to damage caused by Spiroplasma bacteria and the associated stunt disease. The exchange expressed concerns over the ongoing impact of the disease and did not rule out the possibility of further […]
U.S. wheat futures surged to a one-month high on Friday, driven by spring weather risks in the northern hemisphere and escalating tensions in the Black Sea region. Meanwhile, soybeans experienced gains, while corn prices declined as market participants assessed U.S. planting prospects amidst favorable rains in the Midwest and heightened export competition from South America. […]
Amid export delays, two grain cargoes managed by Russia’s RIF have successfully obtained phyto-sanitary certificates from Russian authorities, as confirmed by sources familiar with the matter on Friday. This development is anticipated to alleviate obstacles hindering grain exports from the region as global demand surges. Rosselkhoznadzor, the Russian agricultural watchdog, officially issued a certificate for […]
In a bid to enhance cocoa farmers’ income amidst record-high chocolate ingredient prices on the international market, Ghana has increased the fixed farmgate price paid to cocoa growers by more than 58% for the remainder of the 2023/24 season. This move comes as cocoa prices have surged over the past year due to disease outbreaks […]
Recent data from farm office FranceAgriMer revealed a slight decline in the condition of French soft wheat, already at its lowest point in four years, while spring barley ratings hit a record low. The persistent rain has led to waterlogged fields, impacting crop conditions significantly. The mild and wet weather conditions observed this year have […]
The Biden administration is set to unveil a preliminary climate model for its sustainable aviation fuel (SAF) subsidy program in the coming weeks, presenting stricter criteria than anticipated by the corn-based ethanol industry, as reported by two sources familiar with the matter to Reuters. According to the preliminary model expected to be released by May […]
Recent market dynamics have unveiled intriguing trends in EU wheat and rapeseed prices. Euronext wheat prices exhibited a downward trajectory in sync with Chicago’s performance, as market participants closely monitored favorable crop weather in the United States and the persistent competition from Black Sea supplies. In contrast, rapeseed prices on Euronext witnessed a notable rally, […]
India experienced a significant surge in sunflower oil imports during March, reaching the second-highest level on record. Lower prices prompted refiners to increase their purchases of sunflower oil, while reducing their buying of palm oil. This shift in imports could impact the benchmark Malaysian palm oil futures market, which is currently trading near its yearly […]
Ukraine witnessed a substantial export of 339,000 metric tons of barley in March, marking one of the largest monthly volumes this season, as reported by a Ukrainian agricultural producer group. With a strong tradition in barley cultivation and export, Ukraine has shipped nearly 2 million tons from July 2023 to April 2024. The Agrarian Council […]