US soybean market ready to rise
Since August, CME Group soybean oil futures have been locked in a 10¢-trading range. Near-record soybean production from the 2024 crop, coupled with the inauguration of US President Donald Trump and the transition away from green policies, has provided plenty of pressure for the oilseed byproduct. Yet, a barrage of bullish fundamentals has kept soybean...
IGC: Bumper corn crop expected in 2025-26
With a bumper corn crop expected, the International Grains Council (IGC) forecasts global grains production in the 2025-26 marketing year at a record 2.373 billion tonnes. In its April Grain Market Report, the IGC revised its corn output projection to a record 1.274 billion tonnes, while forecasts for wheat and rice remained roughly the same...
Tariffs provoke uncertainty for commodities as traders balk
Agriculture industry analysts say the constantly shifting landscape of US tariffs, retaliatory actions, reciprocal tariffs, and possible delays makes the uncertainty of the situation almost as bad as the tariffs themselves. “It gets very difficult to price a product,” said Tanner Ehmke, grains and oilseeds economist with CoBank. “Are we going to have a tariff...
Record-setting soybean crop expected in Brazil
Brazil, the world’s largest producer and exporter of soybeans, is forecast to set records in those categories in the 2025-26 marketing year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The report said Brazil accounts for 40% of global soybean production. Its output is projected to increase...
Argentina’s soybean crop stabilizes
Showing signs of recovery from drought that has persisted through January, Argentina’s soybean crop is forecast to reach 49 million tonnes in marketing year 2024-25, the same as 2023-24, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The drought and extreme heat severely impacted the crop at...
China ups 2025 grain production goal
Reuters reported, citing a government report, that China has set higher grains and oilseeds production targets and increased its 2025 budget for storing agricultural commodities. This is to secure its long-term food security as it also grapples with a burgeoning trade war with the United States. On March 5, China announced it would set a production target...
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...