Agriculture

Chicago corn prices fell to their lowest level in nearly four years on Monday, while soybean prices also declined, following a widely monitored crop tour that predicted substantial U.S. harvests. Wheat prices also dropped, influenced by ample global supplies, particularly from the Black Sea region. A Singapore-based grains trader noted, “The U.S. crop tour has […]

China has imposed fines totaling approximately 11 million yuan ($1.54 million) on state stockpiler Sinograin and six other firms for using fuel tankers to transport cooking oil, raising concerns over food safety regulations. This scandal, reported by The Beijing News, involved the transportation of soybean oil, cooking oil, and syrup without properly cleaning the tankers […]

Brazilian farmers have commenced planting their first corn crop for the 2024/25 season, according to agribusiness consultancy AgRural. As of late last week, approximately 4.2% of the projected area in the key center-south region had been sown. Typically, Brazil plants corn year-round, with the first crop contributing about 20% of the national output. The second […]

A recent decision mandating over 9,000 Canadian rail workers to remain on the job has been characterized as a win for railway companies, according to Paul Boucher, president of the Teamsters Canada Rail Conference. This ruling could influence negotiations in other federally regulated sectors, such as aviation. Boucher indicated that while the union would comply […]

Indonesia’s state purchasing agency, Bulog, has announced an international tender for approximately 350,000 metric tons of rice, as reported by European traders on Friday. The deadline for submitting price offers is set for September 3, followed by negotiations that will take several days before a final decision is made. The rice is expected to arrive […]

Recent rains in Argentina have positively impacted the current wheat season, according to a report from the Buenos Aires grains exchange. The country has planted approximately 6.3 million hectares (15.6 million acres) for the 2024/25 wheat season, with harvest expected to begin in November. The exchange noted that crop conditions in the southern and central […]

Workers at Canadian National Railway (CNR) are set to return to work on Friday following the Canadian government’s decisive action to end a significant rail stoppage. The Teamsters union announced the return shortly after the government sought a back-to-work order from the Canadian Industrial Relations Board (CIRB). While operations at Canadian Pacific Kansas City (CPKC) […]

The Pro Farmer Crop Tour has reported record-high corn yield potential in Iowa, projecting a yield of 192.79 bushels per acre (bpa), significantly surpassing last year’s average of 182.80 bpa and the three-year average of 185.79 bpa. This positive outlook comes as Iowa benefits from near-ideal growing conditions. Conversely, Minnesota’s corn yield is projected at […]

Germany’s winter wheat crop for 2024 is projected to decrease by approximately 15% year-on-year, totaling around 18.03 million metric tons, according to the DBV association of German farmers. This decline is attributed to adverse weather conditions, particularly persistent summer rain, which hindered harvesting efforts and negatively impacted both the volume and quality of the crop. […]

The Pro Farmer crop tour has revealed promising agricultural prospects in Illinois, with corn yield potential reaching a record 204.14 bushels per acre (bpa), the highest in the tour’s 32-year history. This figure surpasses the previous record set in 2014 and is significantly higher than both the 2023 average of 193.72 bpa and the three-year […]