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Corn Sales Rebound, Led by Demand from Colombia and Mexico

Corn sales for the week through April 11 experienced a significant rebound, with net sales totaling 501,200 metric tons (MT), according to the latest export sales data released by the U.S. Department of Agriculture. This represents a 54% increase from the previous week, although it remains 45% below

US Wheat Farmers Face Bleak Outlook as Oversupply Weighs on Prices | Reuters

As reported by Reuters, US wheat farmers are facing a difficult economic outlook in 2024 due to a combination of factors, including a global grain glut and high production costs. Prices for US wheat have plummeted as abundant supplies from the Black Sea and Europe have replenished global stockpiles. This,

Ukraine Backs Out of Black Sea Grain Deal Talks, Economist Says | Brownfield

Agricultural economist Jim McCormick, in an interview with Brownfield, said a proposed deal to resume grain exports from Ukraine through the Black Sea collapsed last month. According to McCormick, reports indicate Ukraine walked away from the agreement. The deal would have facilitated the movement of Ukrainian agricultural goods through the

Nigeria Poised to Cash In on Cocoa Price Boom | New Telegraph

Nigerian cocoa exporters are poised to reap significant benefits from a surge in cocoa prices, as reported by New Telegraph. With global production experiencing a 10.9% decline, cocoa prices have skyrocketed to $10,030/ tonne in April 2024, and Nigerian exporters are expected to reap N3.2 trillion ($2.

China and EU Drive Surge in Global Wheat Imports

The latest Wheat Outlook published by USDA reported a significant increase in wheat imports by China and the European Union, driven by a rise in feed and residual use. Both regions are utilizing more wheat for animal feed due to large imports of feed-quality wheat and competitive pricing compared to

Cocoa Prices Tumble on Demand Concerns | Barchart

As reported by Barchart, cocoa prices dropped significantly this morning due to worries that record-high prices might stifle global demand. May ICE NY cocoa (CCK24) fell -744 (-6.76%), and May ICE London cocoa #7 (CAK24) is down -559 (-6.09%). This comes after a recent surge in cocoa prices

China's Wheat Production Poised for Record High as Consumption Stays Steady

China's wheat production is set to reach a record high in the 2024/25 marketing year, driven by favorable weather conditions and strong yields, according to a report published by the USDA's Foreign Agricultural Service (FAS) last week. The report projects China's wheat output

Cocoa Frenzy, US Crop Trends, and Sugar's Sweet Outlook

Here's a recap of the top stories in the ag market last week. Managed Money's Big Bet on Bitter Beans Cocoa prices have been skyrocketing due to a "perfect storm" of poor harvests and a record $8.7 billion bet by hedge funds, as
Cocoa Frenzy, US Crop Trends, and Sugar's Sweet Outlook

US Biofuel Heats Up, While Argentina Braces for Weather

Good morning. Below is a roundup of last week's developments in the agriculture sector. Rising Demand for Biofuels The US biofuel industry is revving up, fueled by a surge in feedstock consumption and growing production capacity. According to a recent report by Argus, usage of key feedstocks like
US Biofuel Heats Up, While Argentina Braces for Weather

China, Argentina See Uptick in Corn Production Estimates; Regenerative Agriculture Draws VC Investments

Good morning. Below is a roundup of last week's developments in the agriculture sector.  Rain Boosts Argentina's 2023/24 Soybean and Corn Crop Forecasts Argentina's soybean and corn harvests were upgraded thanks to recent rainfall, improving the outlook for the South American agricultural giant.
China, Argentina See Uptick in Corn Production Estimates; Regenerative Agriculture Draws VC Investments