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Spotlight
Agribusiness major Cargill decided to halt operations at two of its grain crushing facilities in Argentina until April 29 due to multiple strike actions being carried out by oilseed crushing workers protesting dismissals.
Argentina crushed 3.04 million mt of soybeans during March, down compared to 3.36 million mt in March 2017, according to data provided by the country’s agriculture ministry.
US Gulf CIF barge basis values have softened as a combination of improved river logistics and international concerns over US trading relations have undercut some of the surging values seen in recent days.
Russian spring wheat plantings lag last year as poor weather has delayed field work, data from the ministry of agriculture showed Friday.
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13 hours ago
Brazil soybean harvest 91% complete: AgRuralMarket Commentary
Wheat Commentary
US futures took another beating Friday to round out another week of volatile swings in the wider commodity and foreign exchange markets, while trade on the cash market remained thin.
Corn Commentary
The wider agriculture complex gave back more ground at the end of the week as another bout of profit taking met with expectations of plantings picking up in the days ahead as wet weather comes to the Midwest.
Soy Commentary
Soybean futures took a dip on Friday as talk of China putting tariffs on US soybeans over this weekend saw a sell off along the curve and cash premiums for Brazil rise.
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AgriCensus Wheat, Corn and Soy Price Assessments
AgriCensus is an independent price reporting agency (PRA) that offers an impartial, robust price reporting service dedicated to providing pricing transparency in the global agriculture markets.
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Editor's Pick
Spring sowing in Ukraine sped up in April as fast-paced planting and beneficial soil conditions made up for almost a month of delays, the agriculture ministry said Friday.
Decreasing margins for Chinese pig farmers have forced a reduction in soymeal content for animal feed in a bid to cut costs, the China National Grain & Oil Information Centre said Thursday.
Ukraine’s domestic corn prices remain well supported as a combination of logistic delays and farmers holding on to supply maintains a floor beneath export prices, market sources told Agricensus Thursday.
President Trump’s decision to delay further discussion on the US flagship biofuel policy, the Renewable Fuel Standard (RFS), has kicked the controversial issue into the long grass, for now, but any adjustments could have a sweeping impact on not just the US corn market, but the global one too.
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China’s decision to apply tariffs on US sorghum exports leaves the sector in a precarious position, market sources told Agricensus Tuesday, as the grain will have to price at levels that will entice new demand outlets.
The US ethanol industry has welcomed Japan’s decision to allow US corn-based ETBE imports following a review of the country’s sustainability policies, which have tended to favour sugarcane-based ethanol production.
US soybean prices would collapse 10% if China carries through its threat to slap a 25% tax on imports, according to a new study by the University of Illinois, with price declines on corn felt further out.
Relatively high prices for US corn are damping demand for the staple from Asia’s feed sector, with feed wheat proving a viable alternative, market sources said Tuesday.
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Brazil’s farmers have harvested 91% of their expected planted aread, according to an AgRural survey released Friday.
Ukraine’s 2018/19 corn production and exports will jump a fifth higher than last year on the back of higher planted area, the USDA’s local office in Kyiv said in a report issued Thursday.
Argentina's soybean crop will reach 37.6 million mt this year, with the final corn production falling to 42 million mt after the country suffered the worst drought in the last 50 years, the ministry of agriculture said Thursday.
China’s second two-day corn stock auction has seen appetite slow, as the sale of 7 million mt of corn from 2014 and 2015 production cleared out 81% of the stocks offered, the state’s National Grain Trade Centre said Friday.
Warmer, drier weather has improved France's durum wheat crop and stabilised soft wheat and barley conditions after a wet and cold first quarter had seen wheat conditions fall to a near four-year low, data from Franceagrimer showed Friday.
The Argentinian soy harvest jumped 16 percentage points in the last week to 39.6%, well ahead of last year when progression stood at 23.3%, the Buenos Aires Grain Exchange (BAGE) said Thursday.
The Iraqi Ministry of Commerce bought 100,000 mt of Australian wheat from Cargill at $298/mt CFR, sources told Agricensus Thursday.
Argentina's Quequen Port Authority has awarded a contract to Belgium's Jan de Nul to carry out dredging of the port to deepen it to 50 feet (15 metres).
Weekly US export sales revealed wheat had established a fresh marketing year low while corn and soybeans came in at the lower end of analyst’s expectations in the week ending April 12, data from the USDA showed Thursday.