2022/23 Crop Export Update The historic drought that impacted Argentina one year ago resulted in a drastic 38 percent decline in grain production during the 2022/23 season, reaching only 83.4 MMT, the lowest figure since 2008/09. This decline had a significant impact on agro-industrial shipments, which fell by 40 percent compared to 2022, reaching the lowest level since 2009. Throughout 2023, a total of 55.9 MMT of grains, by-products, and vegetable oils were shipped from Argentine ports. This represents a reduction of 37.6 MMT compared to 2022 and 44.5 MMT less than the record set in 2019 when 100.5 MMT of agro-industrial products were shipped from Argentine ports.
If we break it down by product, the impact on grains was greater than...
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...
