Wheat The Buenos Aires Grain Exchange said the wheat planting has ended with a total seeded area of 6.3 Mha, aligning it with other private estimates of 6.3–6.4 Mha. In certain regions, some fields were not planted due to a lack of soil moisture, and with current prices, it is not worth the risk to plant wheat in the dust and hope for rain. The lack of rainfall remains the main issue for wheat, not only due to crop condition deterioration but also because many producers cannot fertilize. The crop condition and water condition both experienced significant declines this past week. In the core agricultural area, 10 percent of the crop is in fair to poor condition.
Currently, the biggest problem is in the top few centimeters of...
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...
