Global weather phenomena continue to have a notable impact on grain markets across the world. This week, we’ve observed a dichotomy in weather conditions with favorable rainfall in the U.S, Canada, and the EU, contributing positively to crop development, contrasted by harsh droughts in South America that threaten crop yields. Rainfall Benefits North American and … Read more
As global markets continue to adjust to changing conditions, the dynamics of vegetable oil prices have seen significant fluctuations. Recently, Egypt’s GASC (General Authority for Supply Commodities) has taken advantage of these shifts, securing sunflower and soybean oil at substantially reduced prices compared to just a few months ago. GASC’s Tender for Vegetable Oils Earlier … Read more
Global Wheat Prices and Political Tensions Wheat prices, after a dip last week, are witnessing a gradual recovery. This resurgence is attributed to the delay in planting spring wheat in the US, restrictions on Ukrainian exports, and doubts surrounding the continuity of the grain agreement. Ukraine exported 14.5 million tons of wheat in 2022/23MR, in … Read more
In April 2023, grain exports from Ukraine experienced a decline compared to March, from 5.34 million tons to 3.62 million tons. Although this still surpasses the 923,000 tons shipped in April 2022, when all Black Sea ports were blocked due to Russian aggression, the challenges posed by the blockage of the grain corridor and EU … Read more
High Planting Rates in the US As of April 23, the US had planted 14% of its planned corn area, compared to 7% last year and an average of 11% over the past five years, according to NASS USDA. Dry and warm weather is expected in the next 7-10 days, which will likely accelerate the … Read more
The Impact of Weather Conditions on Crop Production The USDA Foreign Agricultural Service (FAS) anticipates a 26% reduction in Australia’s wheat harvest for the 2023/24 financial year, decreasing to 29 million tons. Favorable weather conditions during the sowing of winter cereals contributed to seedling establishment and early plant development. However, the drought predicted for the … Read more
[April 20, 2023] As published in Diario La Nación, the Argentine Secretary of Agriculture has resolved an extension on wheat shipment deadlines that could affect market competition and placement of the cereal abroad. Producers fear that this move will result in a loss of prices and international influence for Argentina, especially as the country struggles … Read more
A Comprehensive Look at the Global Sorghum Landscape The world sorghum market has witnessed substantial growth in recent years, driven by its versatility, adaptability, and nutritional benefits. As a vital cereal crop, sorghum serves a multitude of purposes, from animal feed and biofuel production to human consumption, with a particular focus on its role as … Read more
Understanding the Global Barley Landscape The world barley market has experienced remarkable growth in recent years. As a versatile and nutritious cereal crop, barley serves as a critical ingredient in a variety of applications such as animal feed, beer production, and human consumption. In this comprehensive analysis, we delve into the intricacies of the global … Read more
The global wheat market has experienced significant changes in recent months, with falling wheat prices despite a positive forecast from the United States Department of Agriculture (USDA). In this article, we will explore the reasons behind the fall in wheat prices, the impact of global economic and political factors on the wheat industry, the climate … Read more