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Grains

Russia’s Proposed BRICS Grain Exchange Faces Years of Development

Russia's proposal to establish a new international grain exchange for BRICS nations, while welcomed by members at the recent summit in Kazan, is likely to face years of development before becoming operational, according to a Reuters report. The proposed exchange, viewed as part of Russia's broader

China Heads for Record 2024 Grain Harvest of 700 Million Tons: Reuters

China is on track to harvest a record-breaking grain crop exceeding 700 million metric tons in 2024, according to a senior agriculture ministry official, reports Reuters. This represents a 0.7% increase from the previous year's harvest of 695.41 million tons, based on data from the National

US Corn Farmers Brace for Steep Losses as Prices Plummet, Expenses Stay High

Downturn in grain markets raises concerns about a prolonged period of financial strain for corn growers A combination of falling corn prices and stubbornly high input costs is threatening to push US corn farmers deep into the red for the 2024-25 season. As reported by Argus Media, a steep decline

Ukrainian Farmers Battle Drought as Winter Grain Sowing Begins

Lack of soil moisture threatens 2025 harvest prospects, despite hopes for favorable weather later in the season Ukrainian farmers have begun the crucial task of planting winter grains for the 2025 harvest, but their efforts are being hampered by widespread drought conditions, according to a report by Reuters. State weather

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

Global Grains Production Booms, but Tight Stocks and Trade Uncertainties Remain

Global grains production is expected to reach a record high in the 2023/24 marketing year, driven primarily by a strong rebound in wheat production, according to the latest report from the International Grains Council (IGC). However, despite the increase in supply, global stocks are expected to remain tight, and

US Grain Exports Face Downward Revisions as Prices and Competition Shift

The USDA revising its forecast for corn and wheat exports downward, reflecting the broader landscape of shifting prices and global competition. In a report published on Wednesday, the agency forecasts US grain and feed exports to reach $37.6 billion in fiscal year (FY) 2024, a $600 million decline from

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

European Crop Outlook Mixed as Weather Conditions Bring Contrasts

The European crop outlook remains positive overall, with yield forecasts at the EU level still above the five-year average, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. However, recent weather patterns have brought both favorable and challenging conditions, impacting

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