Agriculture

Chicago Board of Trade witnessed a slip in soybean futures on Tuesday, reversing gains from the previous session as the market grappled with the weight of ample supplies from South America. Corn and wheat futures also experienced declines in response to the prevailing market conditions. Traders are eagerly anticipating the U.S. Department of Agriculture’s upcoming […]

The Buenos Aires Grains Exchange has forecasted a shift towards reduced rainfall in Argentina as the El Nino weather phenomenon weakens, paving the way for a drier autumn and the potential emergence of a La Nina climate pattern, impacting the country’s farmlands. Argentina, a significant global food exporter, has experienced a productive 2023/24 season supported […]

At a sugar conference in Dubai, BP Bunge Bioenergia’s Chief Executive Officer, Geovane Consul, projected a 4.4% decrease in sugar production in Brazil’s primary Centre-South growing region for the 2024/25 season. Consul attributed this decline to adverse weather conditions, noting lower average precipitation compared to the previous season’s favorable weather, particularly impacting the northern part […]

Bursa Malaysia Derivatives Exchange (BMD), renowned for its crude palm oil futures, is set to launch a soyoil futures contract on March 18, aiming to facilitate arbitrage opportunities between soyoil and palm oil contracts. Abdul Wahid Omar, the chairperson, announced this milestone during an industry conference, highlighting the significance of this initiative as the first […]

China has announced a substantial increase in its budget allocation for stockpiling grains and edible oils this year, reinforcing its commitment to improving food security and reducing heavy reliance on imports, particularly from major suppliers like the United States and Brazil. The move comes as China seeks to bolster domestic agricultural production and ensure stable […]

Indian farmers are gearing up to march to the capital, New Delhi, on Wednesday to amplify their calls for increased crop prices, as indicated by a protest leader following unsuccessful rounds of negotiations. Farm union representatives are advocating for assurances of state assistance or the establishment of a minimum purchase price for farmers’ agricultural produce. […]

Algeria’s state grains agency, OAIC, has reportedly launched an international tender to procure soft milling wheat from optional origins, as confirmed by European traders on Sunday. Although the tender specifies a nominal quantity of 50,000 metric tons, Algeria typically acquires a larger volume than initially stated in its tenders. Interested parties are required to submit […]

Analysts have noted that amidst continued Houthi militant attacks in the Red Sea, grain ships originating from the Black Sea or en route to Iran remain some of the sole vessels navigating through the troubled waters. The attacks have significantly impacted global shipping operations since November, compelling companies to opt for longer and costlier routes […]

ADM, a prominent player in the grain trading industry, has acknowledged the need to correct specific intersegment sales in its consolidated financial statements due to discrepancies in recording values that align with market standards, according to an SEC filing released on Friday. The company’s proactive approach to address these errors comes amidst ongoing investigations into […]

During a visit to Warsaw by his Latvian counterpart, Polish Prime Minister Donald Tusk disclosed on Thursday that Poland is considering the possibility of imposing a ban on agricultural products originating from Russia. Latvia has already enforced such a ban. In line with several European nations, Poland has witnessed farmer protests in recent weeks, with […]