Agriculture

Chicago wheat futures climbed on Thursday, trading close to a 10-month high hit in the previous session, as expectations of lower wheat production in top exporter Russia continued to buoy the market. The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 0.2% at $6.94-1/2 a bushel, as of 0229 GMT, having […]

China, the world’s biggest agriculture importer, has set targets to drastically reduce its reliance on overseas buying over the next decade as part of its push for food security. However, experts say these goals will be exceedingly difficult to meet due to the country’s limited land and water resources. The Chinese government envisions achieving 92% […]

Indonesian state purchasing agency Bulog is believed to have purchased around 210,000 metric tons of rice in an international tender for up to 300,000 tons, which closed this week, according to European traders. The rice is expected to be mainly sourced from Vietnam, Cambodia, Pakistan, and Myanmar. The precise volume purchased is still unclear, but […]

Australia has reported its first human case of avian influenza, with a child in the southeastern state of Victoria becoming infected with the H5N1 strain while in India. Authorities say the child has made a full recovery, and there is a very low chance of further transmission, as the flu does not easily spread between […]

Chicago wheat futures rose on Wednesday to their highest levels since last July, as adverse weather led to further downgrades of harvest estimates in Russia, the world’s biggest wheat exporter. This, coupled with concerns over potential crop damage in Ukraine and a decline in crop condition ratings in the United States, has fueled a rally […]

The Illinois Wheat Association’s one-day crop tour has projected an average wheat yield of 104 bushels per acre (bpa) in the state, higher than the 97.1 bpa projected a year ago. This comes despite concerns over the impact of crop disease pressure, amplified by wet conditions this spring. The projected yield is well above the […]

Malaysian palm oil futures declined on Tuesday, closing down 58 ringgit or 1.48% at 3,863 ringgit ($822.26) per metric ton. The weaker performance was primarily driven by a drop in exports of palm oil products in May. According to cargo surveyor Intertek Testing Services, exports of Malaysian palm oil products for May 1-15 fell 5.2% […]

The U.S. Department of Agriculture (USDA) lowered its U.S. winter wheat crop condition rating to 49% good to excellent in its weekly crop progress report on Monday, down 1 point from a week ago and 2 points below the average estimate gathered by Reuters from 14 analysts. However, the crop’s condition was still the highest […]

Recent frosts in the east, north, and center of Ukraine have not caused significant damage to grain and oilseed crops, according to Tetiana Adamenko, the head of the agriculture department at the state weather forecaster. Adamenko stated that while there was some localized damage to early seedlings of corn and sunflower, there is no information […]

Russia’s IKAR agricultural consultancy has cut its forecasts for Russia’s wheat harvest and exports after unusually hot spring weather combined with bitter frosts in the heart of Russia’s bread basket. IKAR lowered its Russian wheat crop forecast to 83.5 million metric tons from 86 million tons and cut the projection for Russian wheat exports to […]