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Grains

Cotton Futures Plummet, Dampening Growers' Hopes | Cotton Grower

As reported by Cotton Grower, cotton futures prices have taken a nosedive, falling below 82 cents per pound. In the past 12 trading days, December 2024 futures have lost over 5 cents, closing at just over 79 cents on April 17. Don Shurley of Cotton Grower notes that while export

Global Wheat Production Remains Stable, Consumption Rises

The USDA's latest Wheat Outlook report indicates that global wheat production for the 2022/23 marketing year will remain relatively stable, with a slight increase of 0.1 million metric tons (MMT) to 789.0 MMT. This stability is attributed to increased production in Ethiopia, which offset reductions

US Wheat Exports Hit 50-Year Low

The U.S. Department of Agriculture (USDA) reported a decline in U.S. wheat exports for the 2022/23 marketing year, as compared to the same period in the previous year. Exports reached only 775 million bushels, marking the lowest point since the 1971/72 season. This decrease is attributed

Global Corn Production Forecast Lowered | World Grain

The International Grains Council (IGC) has revised its 2024-25 global corn production forecast lower by 7 million tonnes due to rising disease and drought stress in the Southern Hemisphere, as reported by World Grain. Despite the reduction, the projected corn output of 1.226 billion tonnes would still be a

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

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