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
Drought-Induced Decline in Spain’s Olive Oil Production In the face of an extended drought, Spain, the world’s topmost producer, and exporter of olive oil, has witnessed a dramatic surge in the prices of its signature commodity. The International Monetary Fund (IMF) reports that global olive oil prices have risen to an unprecedented 26-year high of … Read more
Cold and Rainy Weather Affecting Crop Growth in Major Exporting Countries The current weather conditions in major grain exporting countries of the Northern Hemisphere have led to delays in planting spring crops but have improved winter crop conditions. Meanwhile, Brazil and Argentina are experiencing a decrease in precipitation, allowing for the completion of soybean and … 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