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News, Insights and Stories on Ag Commodities

Ghana Delays Cocoa Deliveries, Exacerbating Global Chocolate Supply Crisis

Ghana, the world's second-largest cocoa producer, is facing a deepening supply crisis and is set to delay delivery of up to 350,000 tons of cocoa beans to the next season, according to a report by Reuters citing sources familiar with the matter. This decision further exacerbates the

Brazilian Corn Prices to Surge as Ethanol Demand Fuels Domestic Consumption

Ethanol production is poised to drive up Brazilian corn prices, incentivizing domestic consumption and potentially limiting exports in the upcoming marketing year, according to an industry expert interviewed by S&P Global Commodity Insights last week. Arthur Neto, partner director at Alphamar Shipping Agency, predicts that corn usage for

US Soybean Ending Stocks Projected Higher for 2024/25 as Crush Declines

The USDA has revised its forecast for US soybean ending stocks in the 2024/25 marketing year upwards by 10 million bushels, reaching 455 million bushels. This increase is attributed to a downward revision of the soybean crush forecast for the current 2023/24 marketing year, reflecting lower domestic demand

Cotton Prices Retreat as Global Production Rises and Demand Uncertainties Persist

Benchmark cotton prices have retreated over the past month, with most contracts experiencing a decline, according to a report published last week by Cotton Incorporated. While a surge in prices during the second half of May offered a brief respite, the overall trend suggests downward pressure as global production is

China's Cotton Imports Surge to 11-Year High, Driven by Government Reserves and Domestic Shortages

China's cotton imports for the 2023/2024 marketing year are projected to reach a record high, exceeding 14.8 million bales, more than double last year's volume, according to the latest report from the USDA. This surge in imports is attributed to several factors, including purchases

China Aims to Close Corn Supply Gap Within Decade, But Challenges Remain

China is taking steps to bridge the gap between its domestic corn production and consumption, aiming to achieve self-sufficiency within the next decade, according to Li Shengjun, director of the monitoring and prediction department at China's national grain and oils information center (CNGOIC). Speaking at the International Grains

Argentine Wheat Harvest: Prices Retreat Amidst Global Volatility

A report published today by the Rosario Board of Trade reveals a mixed picture for the global wheat market, with domestic Argentine prices retreating despite a strong start to the planting season and a surge in trade activity. Argentina: Planting Gains Momentum, Prices Retreat Wheat planting in Argentina is progressing

China Imports "Zero-Deforestation" Soybeans from Brazil, Signaling Shift in Global Commodity Market

A landmark shipment of 50,000 metric tons of "zero-deforestation" soybeans has arrived in China from Brazil, marking a significant step in efforts to combat deforestation linked to agricultural commodity production, according to a report by Dialogue Earth. The soybeans, intended to be produced without any deforestation or

Global Cocoa Market Faces Growing Deficit as Supply Tightens, Demand Remains Strong

The global cocoa market is facing a significant deficit, with lower production and a slowdown in processing activities at origin putting pressure on supplies, according to the latest statistics released by the International Cocoa Organization (ICCO). The report forecasts a larger-than-expected deficit for the 2023/24 cocoa year, driven by

Cotton Prices Under Pressure as Global Supply Increases and Chinese Demand Cools

Cotton prices have experienced a notable decline in recent weeks, with all benchmark prices dropping across the board, as concerns shift from supply shortages to the potential for a surplus in the 2024/25 marketing year, according to a report published by Cotton Incorporated. The July NY/ICE futures contract,