India eyes better year for wheat
Higher prices and better weather could help India’s wheat production take a leap forward with farmers planting high-yielding varieties in a wider area, Reuters reported, citing scientists and traders in the world’s second-largest grower of the grain.
Ukraine urges faster ship inspections
Ukraine sees faster ship inspections, rather than opening additional ports, as the key to increasing its exports under the Black Sea Grain Initiative, Reuters reported, citing a senior Ukrainian government official.
Grain market review: Coarse grains
Concerns over the world economy and its effect on demand, and spillover from declines in wheat, pushed prices for maize lower in December. Worries over potential problems with shipments through the Black Sea are still in traders’ minds, while China’s COVID problems remain a threat to demand.
Cargill to acquire soybean processor
Expanding its oilseeds network, Cargill has entered a definitive agreement to acquire Owensboro Grain Company, LLC, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Kentucky, US.
Satellite images reveal plentiful Ukraine crop
Ukraine farmers in 2022 harvested fewer tonnes of wheat than in the record-setting previous crop year, but close to the recent five-year average volume, according to analysis of satellite imagery by NASA Harvest
Brazil expecting record 2022-23 corn crop
– Brazil’s corn production in marketing year 2022-23 is forecast to reach a record 126 million tonnes based on the growing demand and price for corn in both the domestic and international market, according to a Global Agricultural Information Network report from the US Department of Agriculture’s Foreign Agricultural Service (FAS).
Canadian feed company acquires grain processing plant
a manufacturer of nutritional products for animals, has acquired a grain and processing facility in Slemon Park, Price Edward Island, Canada.
Global grain trade review
The grains market has moved this year from handling an unprecedented worldwide pandemic to dealing with a war involving two of the planet’s biggest exporting nations. At the same time, as always, the fundamentals of supply and demand continue to exert their influence.
China’s soybean imports hit the lowest level since 2014
China’s soybean imports hit their lowest level for any month since 2014 this October, according to customs data, Reuters reported.
FAO Cereal Price Index rises again
The benchmark for world food commodity prices was broadly stable in October, with rising cereal prices more than offset by declines in quotations for other staples, the Food and Agriculture Organization of the United Nations (FAO) reported on Nov. 4.