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,...
Rains slow Brazilian soybean harvest
Excessive rains have bogged down Brazil’s soybean harvest for the 2024-25 season, and unfavourable weather has delayed the planting of the second corn crop, Reuters reported, citing agribusiness consultancy AgRural. As of Jan. 17, farmers had harvested just 1.7% of the planted area for the current season, the lowest level for this time of year since...
CPKC doubles capacity at US-Mexico border with new bridge
Canadian Pacific Kansas City (CPKC) completed construction of a new international railway bridge that more than doubles its capacity at the US-Mexico border. The Patrick J. Ottensmeyer International Railway Bridge spans the Rio Grande River from Laredo, Texas, US, to Nuevo Laredo, Tamaulipas, Mexico. The Laredo crossing is the busiest in North America and the...
New grain terminal opens in Saudi Arabia
National Grain Co., a joint venture between the Saudi Agricultural and Livestock Investment Co. (SALIC) and Bahri, inaugurated the Yanbu Grain Handling Terminal on Dec. 22 at Yanbu Commercial Port. The company said the new terminal features a storage capacity of 156,000 tonnes, including 12 silos with a total capacity of 96,000 tonnes and a...
Heat, dryness expected in Brazil
Most of the commodity trade fear of La Niña negatively influencing South America has passed. Weather conditions since the end of October have been mostly very good in Brazil and Argentina and the market mentality has been more bearish than bullish over futures prices; however, changing weather this month is likely to bring a little...