Agriculture, Energy and Metal Information
The French farm office, FranceAgriMer, has increased its forecast of French soft wheat stocks for the 2023/24 season to a new 19-year high, as it reduced domestic demand from livestock feed and starch makers. In its latest supply and demand outlook, FranceAgriMer raised its projection of soft wheat stocks at the end of the 2023/24 […]
Chicago wheat futures edged lower on Thursday, as hopes for strong U.S. yields took the edge off worries about crop losses in top exporter Russia, which had driven prices to 10-month highs this week. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 0.2% to $6.64-3/4 per bushel, after reaching as high […]
France’s grain maize area is forecast to jump by nearly 10% this year as farmers shift to spring varieties after heavy rain hit winter crops, according to the country’s farm ministry. In its first projection on 2024 maize planting, the ministry expects farmers to plant 1.44 million hectares of grain maize, including crop grown for […]
The annual three-day Wheat Quality Council crop tour of Kansas has projected an average yield for hard red winter wheat in the northern portion of the state at 49.9 bushels per acre (bpa). This estimate is the highest in three years and a significant improvement from the weather-damaged 2022 crop, when the tour’s day-one estimate […]
Chicago soybean futures inched up on Wednesday, but remained below last week’s five-month high, as data showed that bean processing had slowed in the U.S. and the crop agency of top exporter Brazil raised its harvest forecast. The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.2% at $12.17 a bushel, […]
After being surpassed by political factors like the war in Ukraine, grain market fundamentals have regained their status as the key drivers of prices, as weather hiccups in major cereal-producing regions cast doubt on the prospects of a global grain glut. Wheat prices in Chicago have gained 33% in the past two months after falling […]
Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) has announced a tender seeking to purchase a total of 121,516 metric tons of food-quality wheat from the United States, Canada, and Australia. The tender will close late on Thursday. Japan is the world’s sixth-largest importer of wheat, and the country maintains a tight control over its […]
Australia’s Bureau of Meteorology has indicated that there are early signs of a potential La Niña weather event forming in the Pacific Ocean later this year. The bureau has declared a “La Niña Watch”, stating that when such criteria have been met in the past, a La Niña event has subsequently developed around 50% of […]
The western Canadian province of Alberta has called on Prime Minister Justin Trudeau to take immediate action to prevent potentially devastating strikes by railway and port workers that could cripple the country’s economy and supply chains. In a letter released by her office, Alberta Premier Danielle Smith urged Trudeau to do everything in his power […]
According to the latest report from the U.S. Department of Agriculture (USDA), the condition of the nation’s winter wheat crop remains at a four-year high, with 50% of the crop rated as good-to-excellent. This is unchanged from the previous week and significantly higher than the 29% recorded a year earlier when drought slashed harvests. The […]