Agriculture, Energy and Metal Information
The European Commission announced on Friday that EU member states can enhance the financial support they provide to farmers. This decision comes in response to farmers’ protests earlier this year, which highlighted issues such as low incomes, cheap food imports, and burdensome regulations. Starting in October, member states will be allowed to pay higher advances […]
Chicago wheat futures increased on Friday, nearing a two-month high, driven by concerns over escalating tensions in the Black Sea region due to Russia’s ongoing conflict with Ukraine. The most active wheat contract on the Chicago Board of Trade (CBOT) rose by 1.9% to $5.89-1/2 per bushel. This uptick follows Ukraine’s accusation that Russia used […]
Argentine farmers are expected to increase their soy planting area for the 2024/25 season due to challenges faced by the corn crop, primarily caused by dry weather and concerns over disease spread by the leafhopper insect. The Rosario grains exchange reports that the soy planting area is projected to reach 17.7 million hectares, a 7.5% […]
Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), has purchased 430,000 metric tons of Russian wheat in a private deal, bypassing the traditional tender process. This transaction, confirmed by three sources familiar with the matter, is aimed at securing wheat for October shipment. The wheat was acquired from Russian grain trader United […]
Australia’s Namoi Cotton (NAM.AX) has officially recommended that its shareholders vote in favor of the A$138 million ($91.81 million) takeover offer from Dutch crop trader Louis Dreyfus Company (LDC). This recommendation comes as Namoi urges shareholders to reject a higher bid of A$144 million from Olam Agri, an affiliate of Singapore’s Olam Group, which remains […]
Recent fires in Brazil have destroyed protective straw used by soybean farmers, marking a significant setback for the country’s soybean crop this season, according to Aprosoja Brasil President Mauricio Buffon. The straw, which consists of dried grain stalks from previous harvests, plays a crucial role in retaining soil moisture during dry spells. As Brazil approaches […]
Malaysia’s palm oil stocks surged to a six-month high in August, reaching 1.88 million metric tons, a 7.34% increase from the previous month. This rise comes as crude palm oil production hit a nine-year high of 1.89 million tons, marking a 2.87% increase from July. However, exports fell by 9.74% to 1.53 million tons during […]
In August, China imported a record 12.14 million metric tons of soybeans, marking a 29% increase from 9.43 million tons in the same month last year. This surge in imports is attributed to traders capitalizing on lower prices amid concerns about potential trade tensions with the United States if Donald Trump were to return to […]
Russian wheat export prices remained largely unchanged last week, reflecting weak demand and deteriorating crop forecasts due to unfavorable weather conditions. As of the end of last week, the price for 12.5% protein Russian new crop wheat scheduled for free-on-board (FOB) delivery in October was $215 per metric ton, a slight decrease of $1 from […]
China has initiated a one-year anti-dumping investigation into imports of rapeseed from Canada, coinciding with the impending implementation of 100% tariffs by Ottawa on Chinese-made electric vehicles and other products. This move reflects the escalating trade tensions between Beijing and Western nations, particularly following recent tariff impositions by Canada, the United States, and the European […]