Grain Market News

Stay up to date with the latest grain market news and analysis.

US Grain Exports Face Downward Revisions as Prices and Competition Shift

The USDA revising its forecast for corn and wheat exports downward, reflecting the broader landscape of shifting prices and global competition. In a report published on Wednesday, the agency forecasts US grain and feed exports to reach $37.6 billion in fiscal year (FY) 2024, a $600 million decline from

Drought Impacts Wheat Yields in North Africa, While Egypt Rebounds with Strong Harvest

Drought conditions have severely impacted wheat yields in Morocco and Algeria, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. Meanwhile, Egypt is expected to have a near-average wheat harvest, bolstered by irrigation and favorable weather conditions. Morocco: Negative Outlook

European Crop Outlook Mixed as Weather Conditions Bring Contrasts

The European crop outlook remains positive overall, with yield forecasts at the EU level still above the five-year average, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. However, recent weather patterns have brought both favorable and challenging conditions, impacting

Russia Tightens Grip on Grain Industry as Wheat Prices Surge, Bloomberg Reports

Russia is strengthening its control over its vital grain sector, potentially giving it greater sway over exports just as global supply concerns escalate, according to a report by Bloomberg published on Sunday. This consolidation of the grain industry coincides with a spike in wheat prices, driven by poor weather conditions

Global Grain Production Forecast Revised Downward as Stocks Tighten, Trade Rises

The International Grains Council (IGC) has revised its forecast for global grain production in the 2023/24 marketing year downward, citing smaller-than-expected sorghum and barley harvests. While the supply outlook is somewhat buffered by increased carry-in stocks, the IGC also trimmed its forecast for global ending stocks, reflecting tighter supplies.

Brazil Suspends Rice Import Tariffs Amidst Flood Crisis

Brazil has temporarily suspended tariffs on rice imports until the end of the year in response to devastating floods in Rio Grande do Sul, the country's leading rice-producing state, according to a report published by S&P Global on Tuesday. The measure, which came into effect immediately,

US Wheat Sales Rebound While Corn Exports Slide

US wheat sales rebounded in the week ending May 2, 2024, while corn exports continued to decline, according to the latest export sales data released by the United States Department of Agriculture (USDA). Net sales of US wheat for the 2023/2024 marketing year totaled 78,500 metric tons (MT)

Global Wheat Stocks Dwindle for Fifth Straight Year, Intensifying Export Competition

Global wheat stocks are projected to decline for the fifth consecutive year, reaching their lowest levels since 2015/16, as major exporting countries grapple with smaller harvests and robust demand, according to a report published by the USDA's Foreign Agricultural Service (FAS). This tightening of global wheat supplies
Global Wheat Stocks Dwindle for Fifth Straight Year, Intensifying Export Competition

US Corn Production Expected to Decline, But Exports to Rise Amidst Global Shifts

US corn production is projected to decline in the 2024/25 marketing year, but exports are forecast to rise as global production dynamics shift, according to the latest World Agricultural Supply and Demand Estimates (WASDE) report released by the USDA. The agency forecasts US corn production to reach 14.9
US Corn Production Expected to Decline, But Exports to Rise Amidst Global Shifts

China Wheat Production Forecast to Reach Record High

China's wheat production is projected to reach a record high in the 2023/24 marketing year, bolstered by favorable weather conditions and improved yields, according to a report from the United States Department of Agriculture (USDA). The USDA forecasts China's wheat output to reach 140 million
China Wheat Production Forecast to Reach Record High