Regional News In its latest crop outlook, the EU commission largely reduced yield projections for 2020 summer crops, due to drought that started in early July. The dry weather was coupled with a heatwave across northern Europe that hurt the growth and development of summer crops. Notably, the weather prompted a 2.4 percent cut in the EU corn yield forecast, which is now forecast at 8.01 MT/ha. The only substantial yield increases were for the soybean crop (revised 3.4 percent higher to 3.06 MT/ha) and triticale (2.2 percent high at 4.12 MT/ha).
The two maps below show USDA’s satellite imagery of crop conditions across Europe and Ukraine. The impact of drought can be clearly seen across France/western Germany, eastern E...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
