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Australian Wheat Production to Remain Steady, Exports to Ease Amidst Stock Drawdown

Australia's wheat production is expected to remain relatively stable in the 2024/25 marketing year, despite contrasting seasonal conditions across the country's eastern and western production regions, according to a recent report by the US Department of Agriculture's Foreign Agricultural Service (FAS). The FAS
Australian Wheat Production to Remain Steady, Exports to Ease Amidst Stock Drawdown

Cocoa Market in Turmoil Amid Supply Crunch: Financial Times

The global cocoa market is facing significant challenges as traders grapple with a severe shortage of cocoa beans and skyrocketing costs for securing long-term supply contracts, according to a report by the Financial Times. The report highlights the extreme volatility in cocoa prices, with recent plunges of over 25% followed

World Bank Projects Food Price Decline, But Flags Geopolitical and Climate Risks

The World Bank anticipates a decline in global food prices throughout 2024 and 2025, primarily driven by lower prices for grains and oils. However, the latest report from the bank warns of potential risks, including geopolitical tensions and weather-related disruptions, that could impact this projection. The report highlights recent trends
World Bank Projects Food Price Decline, But Flags Geopolitical and Climate Risks

Cotton Prices Remain Stagnant Despite Steady Export Sales: Cotton Grower

Cotton prices remain trapped in a narrow trading range despite consistent export sales, as demand shows no signs of improvement, according to an analysis published by Cotton Grower. Dr. O.A. Cleveland of Cotton Grower highlights the current market dynamics, where low prices have encouraged export sales of all cotton

Favorable Weather Conditions Boost Second-Crop Corn Development in Brazil

Recent rainfall in Brazil has provided favorable conditions for the development of second-crop corn in most producing regions, according to the latest Agricultural Monitoring Bulletin (BMA) released by the National Supply Company (Conab). The BMA, which analyzes agroclimatic conditions and satellite imagery, indicates that April showers were sufficient for second-crop

Dry Weather Threatens Russia's Winter Wheat Crop: AHDB

Dry weather conditions in key winter wheat-growing regions of Russia are raising concerns about potential crop damage and supporting global wheat prices, as reported by the Agriculture and Horticulture Development Board (AHDB). AHDB highlights the importance of Russia's winter wheat crop, which historically accounts for over 70% of

US Upland Cotton Prices Slide as Exports Dip and Sales Surge

Prices for US Upland cotton experienced a downward trend, with the adjusted world price falling to 61.33 cents per pound for the week ending May 2, 2024, according to the latest report from the USDA's Cotton and Tobacco Program. This marks a continuous decline from the 72.

Surge in Green Diesel Feedstock Imports Disrupts US Soy Market: Bloomberg

A surge in imports of used cooking oil and other feedstocks for renewable diesel production is disrupting the US soybean processing industry, squeezing profit margins and forcing plant slowdowns, according to a report by Bloomberg. The influx of foreign shipments of alternative feedstocks, such as tallow, used cooking oil, and

Canadian Wheat Production Expected to Rebound, Exports to Rise

Canada's wheat production is forecast to increase in the 2024/25 marketing year, driven by improved yields and a slight expansion in planted area, according to a report by the United States Department of Agriculture's Foreign Agricultural Service (FAS). The FAS report projects total wheat production,
Canadian Wheat Production Expected to Rebound, Exports to Rise

Morocco's Wheat and Barley Production, Imports to Fall Amidst Severe Drought

Morocco's wheat and barley production is expected to plummet in the 2024/25 marketing year due to ongoing drought conditions, according to the latest report by the United States Department of Agriculture's Foreign Agricultural Service (FAS). The report highlights the severe drought affecting most of Morocco&
Morocco's Wheat and Barley Production, Imports to Fall Amidst Severe Drought