Wheat Argentina’s wheat sowing is progressing at a good pace thanks to favourable weather conditions, and with a weekly progress of almost 14 percent, 71 percent of the expected area has been sown. There are still areas with virtually no moisture reserves (see map below with the areas of concern to the left of the black line) and many fields that are starting to fall behind. The Buenos Aires Cereal Exchange has once again reduced its sowing estimate by 100,000 ha, bringing the total to 6 Mha. The central-western part of the agricultural area is the most challenging, with no sign of rain.
Regarding the crop condition, only 28 percent of the wheat crop is rated as excellent/good, 65 percent as fair, and 7 percent as poor. At the sa...
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...
