Turkey gradually increasing wheat imports
With ending stocks having been whittled down thanks to measures taken by the Turkish government to reduce excess inventory, the country’s wheat imports are expected to increase in the second half of the 2024-25 marketing year, according to a recent report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. Turkey’s wheat...
Trade results contribute to The Andersons earnings
An early harvest boosted the Trade segment of The Andersons’ results, making a significant contribution to the fourth quarter ended Dec. 31, 2024. Net income at The Andersons in fiscal 2024 totalled $114.01 million, equal to $3.35 per share on the common stock, up 13% from $101.19 million, or $3 per share, in fiscal 2023....
Brazil’s grains production in record territory
Greater planted area and a recovery in productivity have Brazil poised to harvest 325.7 million tonnes of grains for the 2024-25 season, according to the National Supply Company’s (Conab’s) recently released forecast. The current estimates would be 9.4% greater than the previous season. The latest producer survey reflects a 2.1% increase in the cultivated area,...
Trade war averted, but US tariff threats remain
A trade war between the United States, Canada and Mexico was averted on Feb. 3 as the three countries’ leaders reached agreements to pause any actions for 30 days. The short-term contracts ended the threat that the US would impose tariffs of 25% on imports from Canada and Mexico on Feb. 4, and that those...