Regional News Drought is a growing concern not only for the U.S. but also several regions of Europe, notably Scandinavia, southern Germany, and central Europe. The 1- and 2-week forecasts offer growing heat and above-aveage temperatures for most of Western Europe and Scandinavia with scattered showers through Southern Europe and the Balkans. The forecast indicates that crops in Northern Europe will continue to struggle, and the situation must be watched closely. While world grain and oilseed supplies are expected to increase in 2023/24, the balance sheet is not strong enough to handle droughts in Argentina, the U.S., and Europe collectively.
Ukraine is expected to harvest 46 MMT of grain in 2023/24, according to the countr...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
