๐ฐGlobal Grain Keyword News
Here are this week's key updates in the global grain market. Stay informed on the latest trends in grain exports, price movements, and production forecasts from major countries. Let's dive into the top news stories and understand the current market dynamics.
1. Chicago wheat fell 3% to its lowest in about six weeks on Monday
Chicago wheat prices fell 3% to a six-week low due to expectations of a rapid U.S. wheat harvest. Corn and soybeans also declined, influenced by favorable U.S. crop weather and a strong dollar making exports more expensive. Analysts anticipate a positive USDA report on U.S. wheat and corn progress. Rain in Russia and Ukraine provided some relief, but its benefits for wheat are limited with harvesting approaching.
๐ Read Full Article> Wheat drops 3% on harvest pressure; corn and soybeans also fall
๐ฌ Should we expect the long rise in wheat prices to finally decline?
2. Brazil farmers harvest 21% of second-corn crop, says AgRural
Brazil's second-corn harvest for the 2024 cycle is progressing at its fastest pace in over a decade in the key center-south region, according to agribusiness consultancy AgRural. As of last Thursday, 21% of the "safrinha" corn, which accounts for about 75% of Brazil's annual corn output, had been harvested, compared to 10% the previous week. This is the fastest pace since AgRural began weekly surveys in 2013. The recent warm and dry weather has accelerated moisture loss in the grains, boosting the harvest efforts.
๐ Read Full Article> Brazil farmers harvest 21% of second-corn crop, says AgRural
๐ฌ The timing of crop harvests is changing due to climate change!
3. Ukraine raises grain production forecast
Ukraine's Ministry of Agriculture has increased its grain production forecast for the 2024-25 marketing year by 7%, raising the expected output to 56 million tonnes. This includes 21 million tonnes of wheat, 28.5 million tonnes of corn, and 5 million tonnes of barley. Despite challenges from ongoing conflict, Ukraine remains a leading exporter of corn and wheat globally. Total agricultural exports, including grains, oils, and oilseeds, are anticipated to exceed 60 million tonnes.
๐ Read Full Article> ukraine raises grain production forecast | World-Grain
๐ฌ Despite the ongoing war, Ukraine's grain is thriving!
4. Favorable weather boosts bulgarian crops
Favorable weather has boosted Bulgarian crop production for the 2024-25 marketing year. Wheat production is expected to reach 6.9 million tonnes despite a 4% decrease in planted area. Barley production is projected to increase by 7% to 850,000 tonnes, with a 36% rise in planted area. Corn production is forecasted at 2.8 million tonnes, a significant increase from the previous year, though exports are expected to decline by 34%.
๐ Read Full Article> favorable weather boosts bulgarian crops | World-Grain
๐ฌ Bulgarian crops are thriving thanks to favorable weather, promising bumper yields in wheat, barley, and corn.
5. Groups promote US sorghum in China
The US Grains Council (USGC) and United Sorghum Checkoff Program (USCP) are promoting US sorghum in China, leveraging a university study highlighting its quality. This promotional mission aims to increase US sorghum exports, primarily used in baijiu production. The team held meetings with Chinese grain import companies and signed a memorandum of understanding with Shandong Province to enhance US-China agricultural trade relations.
๐ Read Full Article> Groups promote US sorghum in China | World-Grain
๐ฌ Can the US and China become friends through agriculture?
The global grain market is experiencing dynamic shifts driven by favorable weather, geopolitical challenges, and strategic trade efforts. The U.S. faces pressure from a rapid wheat harvest, Brazil's corn harvest progresses at record speed, and Ukraine's grain production thrives despite conflict. Bulgaria benefits from ideal weather conditions, and the U.S. strengthens agricultural trade with China. These developments highlight the resilience and adaptability of the global grain industry. Always monitor the grain market to stay prepared for these rapid changes.
GrainScanner updates new articles every week.
If you're interested in Greenlabs, please contact us.
GrainScanner: Your Partner in Agri-Food Trade
๐ฐGlobal Grain Keyword News
Here are this week's key updates in the global grain market. Stay informed on the latest trends in grain exports, price movements, and production forecasts from major countries. Let's dive into the top news stories and understand the current market dynamics.
1. Chicago wheat fell 3% to its lowest in about six weeks on Monday
Chicago wheat prices fell 3% to a six-week low due to expectations of a rapid U.S. wheat harvest. Corn and soybeans also declined, influenced by favorable U.S. crop weather and a strong dollar making exports more expensive. Analysts anticipate a positive USDA report on U.S. wheat and corn progress. Rain in Russia and Ukraine provided some relief, but its benefits for wheat are limited with harvesting approaching.
๐ Read Full Article> Wheat drops 3% on harvest pressure; corn and soybeans also fall
๐ฌ Should we expect the long rise in wheat prices to finally decline?
2. Brazil farmers harvest 21% of second-corn crop, says AgRural
Brazil's second-corn harvest for the 2024 cycle is progressing at its fastest pace in over a decade in the key center-south region, according to agribusiness consultancy AgRural. As of last Thursday, 21% of the "safrinha" corn, which accounts for about 75% of Brazil's annual corn output, had been harvested, compared to 10% the previous week. This is the fastest pace since AgRural began weekly surveys in 2013. The recent warm and dry weather has accelerated moisture loss in the grains, boosting the harvest efforts.
๐ Read Full Article> Brazil farmers harvest 21% of second-corn crop, says AgRural
๐ฌ The timing of crop harvests is changing due to climate change!
3. Ukraine raises grain production forecast
Ukraine's Ministry of Agriculture has increased its grain production forecast for the 2024-25 marketing year by 7%, raising the expected output to 56 million tonnes. This includes 21 million tonnes of wheat, 28.5 million tonnes of corn, and 5 million tonnes of barley. Despite challenges from ongoing conflict, Ukraine remains a leading exporter of corn and wheat globally. Total agricultural exports, including grains, oils, and oilseeds, are anticipated to exceed 60 million tonnes.
๐ Read Full Article> ukraine raises grain production forecast | World-Grain
๐ฌ Despite the ongoing war, Ukraine's grain is thriving!
4. Favorable weather boosts bulgarian crops
Favorable weather has boosted Bulgarian crop production for the 2024-25 marketing year. Wheat production is expected to reach 6.9 million tonnes despite a 4% decrease in planted area. Barley production is projected to increase by 7% to 850,000 tonnes, with a 36% rise in planted area. Corn production is forecasted at 2.8 million tonnes, a significant increase from the previous year, though exports are expected to decline by 34%.
๐ Read Full Article> favorable weather boosts bulgarian crops | World-Grain
๐ฌ Bulgarian crops are thriving thanks to favorable weather, promising bumper yields in wheat, barley, and corn.
5. Groups promote US sorghum in China
The US Grains Council (USGC) and United Sorghum Checkoff Program (USCP) are promoting US sorghum in China, leveraging a university study highlighting its quality. This promotional mission aims to increase US sorghum exports, primarily used in baijiu production. The team held meetings with Chinese grain import companies and signed a memorandum of understanding with Shandong Province to enhance US-China agricultural trade relations.
๐ Read Full Article> Groups promote US sorghum in China | World-Grain
๐ฌ Can the US and China become friends through agriculture?
The global grain market is experiencing dynamic shifts driven by favorable weather, geopolitical challenges, and strategic trade efforts. The U.S. faces pressure from a rapid wheat harvest, Brazil's corn harvest progresses at record speed, and Ukraine's grain production thrives despite conflict. Bulgaria benefits from ideal weather conditions, and the U.S. strengthens agricultural trade with China. These developments highlight the resilience and adaptability of the global grain industry. Always monitor the grain market to stay prepared for these rapid changes.
GrainScanner updates new articles every week.
If you're interested in Greenlabs, please contact us.
GrainScanner: Your Partner in Agri-Food Trade