Agriculture

Argentina is grappling with the aftermath of intense rains that have saturated key agricultural regions, posing challenges for the soybean harvest of 2023/24 while offering favorable conditions for the upcoming wheat crop of 2024/25, according to a climate specialist. The excessive rainfall has left the soil overly wet in critical agricultural areas, potentially complicating the […]

The Black Sea region, led by Ukraine, has witnessed a significant surge in grain exports that has exceeded early market projections, showcasing a remarkable performance despite ongoing geopolitical challenges, particularly the conflict with neighboring Russia. Ukraine’s robust export performance, coupled with bumper wheat crops in Russia, has resulted in an unprecedented surplus of Black Sea […]

Private exporters have canceled sales of 264,000 metric tons of U.S. soft red winter wheat destined for China, marking the third consecutive cancellation in as many business days, as confirmed by the U.S. Department of Agriculture (USDA) on Monday. This latest cancellation, the largest of the three, follows two previous cancellations totaling 240,000 tons of […]

The Russian Grain Union revealed that only about 4% of winter cereals in Russia are currently classified as “poor and sparse,” a figure lower than the typical rate of 6% for this stage of the season. According to the association, the overall state of the crop is deemed satisfactory, with no significant cause for concern. […]

Canadian farmers are projected to decrease canola plantings by 3% while maintaining the same area for wheat cultivation compared to the previous year, according to a report from government agency Statistics Canada released on Monday. As the world’s largest canola exporter and the fourth-largest wheat exporter, Canada’s agricultural landscape faces challenges such as dry conditions […]

Sales of the 2023/24 soybean harvest in Brazil have reached 36.6% of the projected production, slightly lagging behind the historical average for this period but showing a slight improvement compared to the previous year, as reported by agribusiness consultancy Safras & Mercado on Monday. With an estimated soybean output of 149.1 million tons for the […]

Poland’s Prime Minister, Donald Tusk, engaged in extensive discussions with farmers in Warsaw, pledging to address the grain surplus on the domestic market. The government aims to alleviate the surplus by potentially removing several million tons of grain, as indicated by Deputy Agriculture Minister Michal Kolodziejczak. Despite this commitment, union leaders, such as Tomasz Obszanski […]

The U.S. Department of Agriculture (USDA) further reduced its projection for Brazil’s soybean crop on Friday, although the forecast remains higher than many private estimates, underscoring ongoing uncertainties in the global soy market. Despite adverse weather conditions impacting Brazilian output, large supplies in South America and subdued Chinese demand for U.S. soybeans continue to weigh […]

Argentina’s corn exports have surged to their highest levels in at least five years in the early months of 2024, reaching 1.9 million metric tons, as reported by the Rosario grains exchange on Friday. This significant uptick in scheduled shipments has been propelled by abundant leftover stocks from the previous season, setting the stage for […]

The Australian wine industry is grappling with a severe crisis as millions of vines are being uprooted across the country, with tens of millions more slated for removal to address the rampant overproduction that has led to plummeting grape prices and imperiled the livelihoods of growers and winemakers. The industry’s challenges have been exacerbated by […]