Agriculture

Speculators trading Chicago-traded soybeans have been on an unprecedented selling streak since mid-November, culminating in a historic net short position last week as global soybean stockpiles continue to expand. In the week ending March 5, money managers further increased their net short position in CBOT soybean futures and options to a record 171,999 contracts, surpassing […]

Chicago wheat prices inched higher on Friday, benefiting from short-covering activities after recent declines. However, the market is poised to record a second consecutive week of losses due to lackluster demand and abundant global supplies. Meanwhile, corn is on track for a third week of gains, and soybeans are set for a second week of […]

Brazilian cane mills are gearing up to enhance their sugar production capacity by up to 10% in the forthcoming season, driven by favorable sugar prices and the economic advantages of utilizing corn as a feedstock for ethanol production. Amid a backdrop of high sugar prices and the increasing availability of corn for ethanol processing, Brazilian […]

In a significant development, FBI agents have reportedly issued grand jury subpoenas to both current and former employees of Archer-Daniels-Midland (ADM), intensifying the ongoing criminal investigation into the grain trader’s accounting concerns. The subpoenas, authorized by officials at the U.S. attorney’s Manhattan office, were personally delivered to individuals residing in the Decatur, Illinois area, where […]

Sierentz Global Merchants, a prominent commodity trading firm, is said to be discontinuing the majority of its physical grain trading operations globally, with several traders already departing from their roles, according to insider sources. The closure of Sierentz’s grains division, inaugurated in 2017 by former Louis Dreyfus Company traders based in Geneva, Switzerland, and specializing […]

In the wake of a pivotal World Trade Organization (WTO) ruling, Malaysia has announced plans to closely monitor the European Union’s (EU) actions in response to the decision affirming the EU’s position on biofuels associated with deforestation. While the WTO ruling upheld the EU’s stance on excluding palm oil-based biofuels from renewable fuel categorization, it […]

Algeria’s state grains agency, OAIC, has reportedly secured a substantial quantity of milling wheat ranging between 870,000 to 900,000 metric tons in an international tender, surpassing earlier market expectations. The procurement, conducted amidst competitive pricing dynamics, is anticipated to draw supplies from diverse origins, with a notable emphasis on Black Sea wheat, including offerings from […]

The outlook for palm oil prices appears bullish as global palm oil production faces stagnation and increased biodiesel mandates, signaling a potential tightening of supplies for the world’s most utilized vegetable oil. Industry analysts at a conference in Kuala Lumpur highlighted projections of marginal growth or even a decline in palm oil output from major […]

The looming return of a potentially strong La Nina event by October has sparked apprehension among grains farmers in Argentina, a key global grains exporter. La Nina typically ushers in dry conditions and reduced rainfall, posing challenges for the wheat crop’s development and the upcoming planting of corn and soybeans for the 2024/25 season. According […]

Mexico is standing firm in its demand for the United States to substantiate the safety of imported genetically modified (GM) corn for its populace, as Deputy Agriculture Secretary Victor Suarez emphasized the need for scientific validation. The ongoing dispute between the two nations, unfolding within the framework of the United States-Mexico-Canada Agreement, underscores Mexico’s commitment […]