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Grains

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.

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,

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)

Global Wheat Stocks Dwindle for Fifth Straight Year, Intensifying Export Competition

Global wheat stocks are projected to decline for the fifth consecutive year, reaching their lowest levels since 2015/16, as major exporting countries grapple with smaller harvests and robust demand, according to a report published by the USDA's Foreign Agricultural Service (FAS). This tightening of global wheat supplies
Global Wheat Stocks Dwindle for Fifth Straight Year, Intensifying Export Competition

US Corn Production Expected to Decline, But Exports to Rise Amidst Global Shifts

US corn production is projected to decline in the 2024/25 marketing year, but exports are forecast to rise as global production dynamics shift, according to the latest World Agricultural Supply and Demand Estimates (WASDE) report released by the USDA. The agency forecasts US corn production to reach 14.9
US Corn Production Expected to Decline, But Exports to Rise Amidst Global Shifts

China Wheat Production Forecast to Reach Record High

China's wheat production is projected to reach a record high in the 2023/24 marketing year, bolstered by favorable weather conditions and improved yields, according to a report from the United States Department of Agriculture (USDA). The USDA forecasts China's wheat output to reach 140 million
China Wheat Production Forecast to Reach Record High

Myanmar's Corn Production and Exports Remain Depressed Amidst Ongoing Conflict and Economic Challenges

Myanmar's corn production and exports are expected to remain subdued in the 2024/25 marketing year, hampered by ongoing conflict, economic instability, and logistical challenges, according to a report by the USDA's Foreign Agricultural Service (FAS). The report highlights the significant impact of civil unrest in

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

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

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