Wheat prices on global exchanges have seen an uptick of 2-4% at the start of the week, defying the bearish USDA report. The surge can be attributed to the delayed planting and poor state of crops in the United States’ primary agricultural regions, potentially leading to a lower harvest compared to the previous year. U.S. … Read more
Increased Global Sunflower Production According to recent forecasts from the United States Department of Agriculture (USDA), global production of oilseeds, including sunflowers, is set to grow by 7% in the 2023/24 season. This increase is primarily attributed to significant production booms in soybeans in South America and sunflowers in the European Union, Ukraine, and the … Read more
As the world grapples with overfishing and depleting fish stocks, a global effort is underway to protect our oceans. The Agreement on Fisheries Subsidies is a significant stride towards healthier oceans and sustainable fishing practices, with the United Arab Emirates (UAE) recently becoming the seventh member of the World Trade Organization (WTO) to formally accept … Read more
The world of international trade is growing exponentially, and with it, the need for professionals trained to navigate the complex landscapes of global commerce. A degree in international business can be a stepping stone to a variety of career opportunities in this exciting field. What is an International Business Degree? An international business degree is … Read more
Increased Oilseed Supplies from Ukraine and Australia In the global commodities market, the law of supply and demand invariably holds sway. Recently, a significant surge in the delivery volumes of canola from Australia and sunflower from Ukraine to Europe has precipitated a dramatic drop in vegetable oil prices. According to the Australian Bureau of Statistics, … Read more
US Soybean Futures Trend Downward Despite significant improvements in sowing rates and burgeoning supplies from Brazil, soybean futures in the United States persist on a downward trajectory. As observed on the Chicago exchange recently, July soybean futures dipped by 0.7% to $515.9/t, marking a 5% reduction for the month. The November futures were also impacted, … Read more
Malaysian Palm Oil Market Dynamics The palm oil market is a volatile one, and recent price movements in Malaysia, one of the world’s largest producers, illustrates this perfectly. According to the Malaysian Palm Oil Council (MPOC), the country’s palm oil inventories fell to an 11-month low in April due to a reduction in production. This … Read more
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
The grain trade negotiation, a critical aspect of global food security and international trade, has hit a roadblock recently. The discussions held on May 5, 2023, ended without a resolution, pushing the negotiation to be postponed until the following week. The situation presents challenges and potential shifts in the international grain market. The Unresolved Meeting … Read more