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.
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.
India says its wheat, rice stocks sufficient
Following a summer of concern, India’s stocks of rice and wheat have been pronounced sufficient, and wheat could be sold by the government to help control domestic prices, if necessary, Reuters reported, citing the Ministry of Consumer Affairs, Food and Public Distribution.
Argentine wheat crop projections continue to fall.
Drought-stricken Argentina’s 2022-23 wheat crop projections continue to trend downward as the country’s two major grain exchanges cut their forecasts on Oct. 13, according to Reuters.
FAO sees drop in global grain output
The United Nations’ Food and Agriculture Organization (FAO) projected a further reduction in global grain production in its latest Cereal Supply and Demand Brief, released on Oct. 6. The FAO pegged output in 2022 at 2.768 billion tonnes, a 1.7% decline from last year’s crop.
FAC examines impact of war on global food security
The Food Assistance Committee (FAC) during a meeting on Sept. 30 discussed the impact of Russia’s invasion of Ukraine on global grain markets