Focus on Argentina
Argentina is preparing for a bumper wheat crop, matching the record set in 2021-22, but prices are lagging and the government is trying to stabilize the nation’s economy, which is in a currency crisis, with help from the United States. Wheat production in 2025-26 is estimated at 23 million tonnes, thanks to unprecedented rainfall that...
IGC: Grains production outlook rises again
Better-than-anticipated wheat and barley yields have boosted the forecast for total grains (wheat and coarse grains) production in the 2025-26 marketing year, according to the International Grain Council’s (IGC) most recent Grain Market Report. The monthly report, released on Oct. 23, projected a 13-million-tonne increase from the September forecast to a record 2.425 billion tonnes....
USDA raises wheat production estimate
The National Agricultural Statistics Service of the US Department of Agriculture (USDA) in its Small Grains Summary 2025 issued Sept. 30 estimated wheat production in the United States this year at 1,984,537,000 bushels, up 57,511,000 bushels from the August forecast and up 5,840,000 bushels, or 3%, from the upwardly revised production estimate of 1,978,697,000 bushels...
Focus on China
In the midst of a trade war with the United States, China is developing a dedicated soybean supply chain with Brazil that is specifically tailored to China’s sustainability and quality standards. The “Soy China” initiative is a customized, exclusive soybean production model to meet Chinese import needs and standards, particularly regarding environmental, social and traceability...
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...
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...
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,...