Southeast Asia has experienced droughty conditions the past several months and the United Nations Economic and Social Commission for the Asia/Pacific region says it is part of a longer-term meteorological trend. The change is most adversely impacting rice production and will likely benefit wheat. Southeast Asia has been importing more wheat than corn but countries in the region have shown over the past decade a faster growing interest in corn for livestock feed. That is now likely to change.
The region has already shown a strong preference for wheat as a food ingredient with demand for this commodity growing at an average pace of 6 percent per year over the last decade. This contrasts with a relatively flat per capita market for r...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
What You Need to Know Today: The U.S. and Iran resumed missile strikes after a brief pause in fighting, raising concerns that the five-month conflict could expand across the Middle East. Jordan intercepted Iranian missiles, Kuwait reported a fatal strike, and drone attacks damaged two natural...
