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News, Insights and Stories on Ag Commodities

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

Wet Conditions Delay Spring Crops Across Western Europe

The European spring crop outlook is marked by contrasting conditions, with significant delays in planting across western and northern Europe, while favorable weather has allowed for a smooth sowing campaign in central and eastern regions, according to the latest report from the European Commission's MARS Bulletin. Spring Barley:

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.

Global Sugar Production Up, But Stocks and Exports Forecast to Decline

Global sugar production is expected to rise slightly in the 2023/24 marketing year, but stocks and exports are forecast to decline, according to the latest sugar report released by the USDA. The report projects global sugar production to reach 186 million metric tons (MT), a 2.5-million-ton increase from

EU's New Deforestation Law Threatens to Push Chocolate Prices Even Higher

A new European Union law aimed at curbing deforestation linked to cocoa production is threatening to further increase chocolate prices, already at record highs due to supply shortages and surging...

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,

Cotton Prices Face Downward Pressure as Exportable Supplies Rise and Chinese Demand Cools

Cotton prices are expected to come under pressure in the 2024/25 marketing year as global exportable supplies increase and Chinese import demand potentially softens, according to a market report published by Cotton Incorporated on Monday. The report highlights the anticipated surge in global cotton production, particularly from major exporting

China Returns to US Soybean Market Amidst Rising Brazilian Prices

Chinese importers have resumed purchasing US soybeans after a lull in activity, as rising prices for Brazilian soybeans make US supplies more attractive, according to a report by Reuters, citing European and US grain traders. The exact volume of the recent purchases remains unclear, but traders estimate that at least

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)