New contract lows in Chicago wheat futures this week are hardly indicative of global supply concerns, but traders might want to eye what's happening in the Black Sea region more closely.
Ample rains last month appeared to put Argentina on track for its first bountiful crops in several years, but there is one potential problem: La Nina. The weather phenomenon does not typically lend to fruitful yields.
Despite its status as the world's most plentiful vegetable oil, palm oil is no longer the cheapest, as supply concerns have pushed up prices by nearly 30% this year.
China on Wednesday gave Brazil the go-ahead to begin exporting sorghum to Chinese buyers, a somewhat peculiar move since Brazil hardly exports the grain at all.
U.S. agricultural exporters have seen a marked decline in business to China over the past year or so as trade tensions simmer, and Brazil’s increasing ability to supply product has not helped the U.S. cause.
Uncertainty increased for U.S. soybean exporters this week with Donald Trump's election win, since shipments to top customer China were severely curbed when a trade war began during Trump’s first presidency.
U.S. Crop Watch producers have all but wrapped up their 2024 corn and soybean harvests, which progressed quickly amid persistent dry weather, and overall yields wound up a bit better than average.
Speculators reversed course in the Chicago corn market last week, scrapping what had been relatively fresh short bets as U.S. corn export demand hits a fever pitch.
A recent deluge of U.S. corn and soybean export sales has prompted some market-watchers to question whether the demand boost is tied to uncertainties over the outcome of next week's U.S. presidential election.
The U.S. winter wheat crop is in much worse shape than industry participants thought, coming as the world’s former breadbasket attempts to claw back export share on the global market.