Regional News The International Grains Council left its forecast of world wheat production unchanged at 781 MMT for 2021/22, but increased the world corn crop by 1 MMT to 1.21 billion MT. The active Paris milling wheat futures contract is nearing all-time highs set in 2007 with the March 2022 contract rising €4.50/MT to start the week. UK feed wheat futures posted a new contract high on Monday and are within a few pounds sterling of their 2012 all-time highs. Rising European and UK wheat prices are eroding the regions’ competitiveness on the export market, though the larger EU crop will push exports above last year’s levels.
Morocco is suspending its import tariffs on both soft and hard wheat starting...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
