“Corn prices climbed steadily throughout Monday’s session on a wave of technical buying that led to gains of approximately 2.75%. December futures rose 12.75 cents to $4.7675, with March futures up 13.5 cents to $4.9250.
Corn basis bids were steady to mixed after moving as much as 5 cents higher at Read More
BRUSSELS, BELGIUM — COCERAL, a European association that focuses on agricultural trade, lowered its production forecast to 289.8 million tonnes in its latest projections for the 2023 European Union (EU) total grains crop, compared to its previous estimate of 296.7 million tonnes in June.
COCERAL said the main reason for Read More
BRASILIA, BRAZIL — Brazil’s 2022-23 grain harvest set a production record at 322.8 million tonnes, an increase of 18% and 50 million tonnes over the previous year, according to a report from the National Supply Company (CONAB) released on Sept. 6.
The result reflected a larger planted area (78.5 million Read More
Fueled by blossoming demand for renewable diesel production, canola is seeing a surge in production and crush capacity across the world.
Global canola/rapeseed production for 2023-24 is projected at 87.4 million tonnes, a slight decrease from 2022-23, but only the second time that output has been over 80 million tonnes. Read More
BRUSSELS, BELGIUM — COCERAL, a European association that focuses on agricultural trade, lowered its production forecast to 296.7 million tonnes in its latest projections for the 2023 European Union (EU) total grains crop, compared to its previous estimate of 303.5 million tonnes in March.
It said the main reason for Read More
Much of the eastern Corn Belt is currently experiencing drought. Dry conditions have been parked in the western region even longer. Low subsoil moisture is a concern, and short-term dryness is compounding the issue.
Drought continues to tighten its grip across the Plains, and it’s forcing farmers in west Texas to make some very difficult decisions this growing season. Depleted soils, along with bleak forecasts showing little chances for rain anytime soon, is a tough reality for farmers who struggled through a drought Read More
USDA is set to release its March Prospective Plantings report on Friday, which is the industry’s first official look at U.S. crop acres for the year. An area known as the largest cotton patch in the U.S. is seeing another year of relentless drought, and with fields resembling the Dust Read More
WASHINGTON, DC, US — The US Department of Agriculture in its February World Agricultural Supply and Demand Estimates report reduced its forecast for 2022-23 global soybean production to 383 million tonnes, down 5 million tonnes from the January outlook. The main weight pulling production numbers down was the increasingly Read More
BUENOS AIRES, ARGENTINA — Argentina’s soybean production in marketing year 2022-23 is forecast to drop to the lowest level in 15 years due to a prolonged drought, according to a recent Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
The USDA Read More