Agriculture

China’s soybean imports from Brazil experienced a remarkable 211% surge in the initial two months of 2024 compared to the same period last year. The strong harvest and competitive pricing in Brazil have propelled the significant increase, overshadowing the market share of the United States. With China importing 6.96 million metric tons of soybeans from […]

The prolonged drought in Alberta, Canada, now entering its fourth year, is posing significant challenges for farmers and oil companies as they grapple with impending water shortages that threaten the production of essential commodities like wheat, beef, and crude oil. The severity of the situation has prompted Alberta to initiate water-sharing negotiations among licence-holders after […]

Chicago wheat futures stabilized on Tuesday after a notable rally driven by export-disrupting Russian attacks on Ukrainian ports, which propelled prices up by over 2% in the previous session. Despite the recent surge, wheat prices linger near their lowest levels since 2020 due to ample global supply dynamics. The most-active wheat contract on the Chicago […]

Russian wheat export prices experienced a notable increase last week, marking the first uptick since early January following a prolonged period of decline, as highlighted by industry analysts. The price of 12.5% protein Russian wheat set for free-on-board (FOB) delivery in April rose to $201 per metric ton, reflecting a $3 increment from the previous […]

United Sugar, Domino’s, and other prominent sugar producers have been implicated in a new Manhattan federal lawsuit alleging the manipulation of granulated sugar prices, resulting in inflated costs for buyers in a market exceeding $13 billion. The proposed class action, initiated by New York-based KPH Healthcare Services on Thursday, targets over a half-dozen defendants, including […]

Chicago wheat futures experienced a recovery on Monday after four consecutive sessions of losses, buoyed by Russian attacks on Ukraine’s agricultural infrastructure over the weekend. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose by 0.9% to $5.33-1/4 a bushel, marking a turnaround from the previous week’s decline. In addition to wheat, […]

Recent data from FranceAgriMer revealed a slight deterioration in the condition of French soft wheat crops, marking the lowest rating in four years as fields grapple with persistently damp conditions following a wet winter in the European Union’s primary grain producer. As of March 11, approximately 66% of French soft wheat was classified as in […]

The European Commission unveiled a proposal on Friday aimed at relaxing a range of regulations concerning fallow land and crop rotation, in a bid to address the grievances of farmers who have staged tractor blockades and protests across Europe in recent months. The proposed concessions are intended to appease farmers who have voiced concerns over […]

Germany’s association of farm cooperatives has projected a 6.5% decline in the country’s 2024 wheat crop to 20.14 million metric tons, alongside a 6.9% decrease in the winter rapeseed crop to 3.93 million tons compared to the previous year. Unfavorable autumn weather conditions, including excessive rainfall, have led to reduced planted areas for crops, exacerbated […]

The U.S. Department of Agriculture (USDA) has shifted its approach to estimating China’s soybean imports by incorporating data from global exporters. This adjustment in methodology follows a significant discrepancy between shipping figures reported by producing nations and Chinese customs data, prompting the USDA to revise its estimates to align with exporters’ data. The timing of […]