According to the Food and Agriculture Organization (FAO), the global price index for animal proteins is at a record level in September, up 0.9 points over August and 7.9 points above year-ago levels. September was the eighth consecutive increase in the index.
The increase in the meat index came even as other commodity sub-categories decreased slightly. The price index is a measure of the monthly change in international prices of a basket of food commodities, including the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. The meat and protein index was 127.8 in September, up from 126.9 in August. Not surprisingly, the index for bovine meat rose to a new record high. Str...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
