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News, Insights and Stories on Ag Commodities

Extreme Weather Deals Blow to European Crop Yields

European crop yields are facing a downturn as extreme weather, ranging from scorching heatwaves to relentless rainfall, disrupts agricultural production across the continent. The latest JRC MARS Bulletin revised yield forecasts downwards for nearly all major crops, falling below the five-year average in most cases. Summer crops, particularly grain maize

Soybean Planting Trends Diverge: Argentina Surges, Brazil Slows

The global soybean market is witnessing a shift in production dynamics as Argentina prepares for a potential surge in soybean acreage while Brazil, the world's leading producer, anticipates a slowdown in planting growth, according to a report by Farm Policy News. Argentina is poised for its most significant

US Biofuels Production Capacity Expands in June

The U.S. Energy Information Administration (EIA) reported last week that the nation's operable biofuels production capacity increased in June, driven by significant growth in the ethanol sector. According to the latest Monthly Biofuels Capacity and Feedstocks Update, total operable capacity for all biofuels hit 25.12 billion

Kenya Slams Door on Sugar Imports, Prioritizing Domestic Industry and Farmers

Government enacts immediate ban to bolster local sugar production In a move to revitalize the domestic sugar industry, Kenya has imposed an immediate ban on all sugar imports, as reported by ChiniMandi. The directive, issued by Interior Principal Secretary Raymond Omollo, aims to stimulate the growth of local sugar mills

Global Cocoa Deficit Projected to Deepen, Pushing Stocks to 45-Year Low

ICCO forecasts continued tight supply for 2023/24 cocoa year, keeping prices elevated The global cocoa market is poised for another year of tight supply, with the International Cocoa Organization (ICCO) forecasting a deepening production deficit and dwindling stockpiles. This prediction, released in the August edition of the Quarterly Bulletin

Robusta Coffee Prices Slide From Record Highs, Volatility Persists

Supply concerns and market speculation fuel price swings in robusta market Robusta coffee prices took a downturn Monday, retreating from the record highs reached last week as volatility continues to grip the commodity. As reported by Bloomberg, futures tumbled as much as 5.5% after hitting a peak of $5,

China Targets Canadian Canola in Retaliation for EV Tariffs

The trade war between China and Canada has spilled into the agricultural sector, as Beijing announced an anti-dumping investigation into Canadian canola imports on Tuesday. This move comes as a direct response to Ottawa's recent decision to impose tariffs on Chinese electric vehicles, further escalating tensions between the

China's Biofuel Landscape Shifts Amidst EU Tariffs and Domestic Policy Changes

China's biofuel sector is navigating a period of change, marked by declining bio-based diesel exports to the EU and a renewed focus on domestic consumption, according to a report released by the United States Department of Agriculture (USDA) last week. The EU's recent imposition of anti-dumping

US Corn and Soybean Exports Continue Downward Trend

US corn and soybean exports continued their downward trajectory in the week ending June 20, 2024, according to the latest export sales report from the US Department of Agriculture (USDA). This trend contrasts with a significant increase in US wheat sales, highlighting a mixed outlook for the US grain market.

Wheat Prices Rise on Strong Demand, but Monthly Losses Remain

Chicago wheat prices are on track for their first weekly gain in a month, driven by increasing demand, according to a report by Reuters. However, the grain is still poised to record its largest monthly decline since June 2022, as the northern hemisphere harvest and improved planting conditions in Argentina