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News, Insights and Stories on Ag Commodities

Australian Chickpea Prices Soar as India Suspends Import Tariffs

Australian chickpea prices have surged following India's decision to suspend import tariffs on the legume, opening up a significant market opportunity for Australian growers and exporters, according to a report by Reuters. India, the world's largest consumer of chickpeas, announced the tariff suspension on May 4th

US Spot Cotton Prices Plummet to Lowest Level Since 2020

US spot cotton prices experienced a significant decline, falling to their lowest level since December 2020, as the market grapples with slow trading activity and limited supplies, according to the latest data published by the USDA. Spot quotations for the base quality of cotton averaged 70.35 cents per pound

Corn and Soy Biofuels Get Green Light for Sustainable Aviation Fuel Tax Credits: WSJ

The Biden administration has expanded the eligibility for sustainable aviation fuel (SAF) tax credits to include corn- and soy-based biofuels, as reported by the Wall Street Journal. The new guidelines released by the Treasury Department last week aim at incentivizing the production and use of SAF, which is crucial for

Malaysia Eyes Palm Oil Biomass as Feedstock for Advanced Fuels

Malaysia is prioritizing the development of its biomass sector, with a focus on utilizing palm oil industry byproducts as feedstock for new and advanced fuels, according to S&P Global. "The government is looking to bolster the biomass sector by attracting investments and to see biomass as '

US Wheat Futures Mixed as Weather Concerns and Supply Dynamics Influence Market

US wheat futures experienced a mixed performance in the week ending May 3, 2024, as market participants focused on the impact of weather conditions on Northern Hemisphere crops and assessed global supply dynamics, according to the latest report from US Wheat Associates. July 2024 CBOT soft red winter (SRW) wheat
US Wheat Futures Mixed as Weather Concerns and Supply Dynamics Influence Market

Cocoa Prices Plunge as Rally Fizzles, Liquidity Dries Up

Cocoa prices have experienced a dramatic downturn, with a nearly 29% drop over the past week, as buyers retreat from the market amidst historically high prices and dwindling liquidity, according to a report by the Wall Street Journal. "After a monthslong rally in crop prices, which sent prices up

Argentina Soybean, Corn Output Threatened by Adverse Weather

Argentina's soybean harvest is progressing, but concerns remain about potential yield losses due to adverse weather conditions, according to the latest report from the Buenos Aires Grains Exchange. Meanwhile, the exchange has revised its corn production forecast downward, reflecting the impact of drought and heat stress on late-planted

Heavy Rains Disrupt Brazil Soybean and Corn Harvest, Reuters Reports

Torrential rainfall in Brazil's Rio Grande do Sul state is causing significant disruptions to the final stages of the soybean and corn harvest, as reported by Reuters. The state, which is Brazil's second-largest soybean producer and sixth-largest corn producer, has experienced heavy downpours leading to flooding

US Wheat Sales Falter, While Corn Exports Remain Strong

Net sales of US wheat for the 2023/2024 marketing year experienced a significant decline, plummeting by 105% from the previous week's 192,300 metric tons (MT) to a net reduction of 20,300 MT, according to the latest export sales report from the US Department of Agriculture

US Upland Cotton Sales, Exports See Sharp Drop

Net sales of US Upland cotton for the 2023/2024 marketing year experienced a significant decline, falling 45% from the previous week and 20% from the prior four-week average, according to the latest export sales report from the United States Department of Agriculture (USDA). The report, covering the period of