Untimely rains impacting French grains
Recent rains have dampened France’s wheat and barley outlook while slowing maize (corn) planting in the European Union’s largest grains producer, Reuters reported, citing data from farm office FranceAgriMer. A warm, sunny stretch earlier in May had helped crops and soil dry out after a damp growing season. Still, recent showers have raised concern that wet...
USDA: Corn, wheat acres down; soy up
The US Department of Agriculture’s (USDA) March 28 Prospective Plantings report provided a few surprises along with insight into potential 2024 acreage and crop sizes. This year’s report comes with mostly favorable weather across key growing areas, along with commodity prices below those of the past couple of years in many cases.
CoBank: Grain, oilseed prices continue to slide
Grain and oilseed prices continued to slide last quarter under pressure of a strengthening US dollar, arrival of the South American harvest and plentiful domestic inventories, according to a new quarterly report from CoBank’s Knowledge Exchange. Corn, grain sorghum, barley and oats all saw major reductions since last year, while soybeans, cotton, spring wheat and durum wheat each experienced increases, the report said.
Brazil’s corn and wheat crops revised lower.
Due to adverse weather conditions related to El Niño, the Foreign Agricultural Service (FAS) of the US Department of Agriculture has lowered its forecast for corn and wheat production in Brazil in marketing year 2023-24. In its Global Agricultural Information Network report, released April 1, the FAS trimmed its corn harvest projection by 2 million tonnes from the previous forecast, to 122 million, down from 135.5 million in 2022-23. The agency also slashed its projection for Brazil corn exports by…
Japan’s corn use, imports expected to rise
Corn imports and consumption are forecast to increase in Japan for marketing years 2023-24 and 2024-25 as the country’s poultry layer population recovers from outbreaks of highly pathogenic avian influenza (HPAI) and feed demand rises while global prices soften, according to the Foreign Agricultural Service (FAS) of the US Department of Agriculture. In its Global Agricultural Information Network (GAIN) report, the FAS said it anticipates robust import demand for corn in both marketing years as the country is highly dependent…
High prices reducing India’s corn exports
Corn exports from India have plummeted recently as domestic prices have surged due to strong demand from the country’s poultry and ethanol industries, Reuters reported, citing several exporters. The sources told Reuters that traditional importers of Indian corn, such as Vietnam, Nepal and Malaysia, have shifted their purchases to South American countries that are offering it at a lower price. They said Indian corn costs about $300 per tonne, compared to $230 per tonne in South American countries.
China’s grain feed use on upswing
China’s grain feed and residual use in marketing year 2023-24 is projected to rise slightly to 285 million tonnes, up 2.7% from 282.3 million tonnes in 2022-23, according to a Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. FAS Post Beijing anticipates corn production in 2023-24 to edge higher to 280 million tonnes due to a larger planted area at 40.927 million hectares (up 1.9%) and improved yields. Feed and…
USDA lowers corn, wheat area forecast
WASHINGTON, DC, US — The US Department of Agriculture on Nov. 7 projected area planted to soybeans to expand in 2024, but wheat and corn planting areas were forecast to decline. The forecasts were contained in early-release tables from the USDA Agricultural Projections to 2033 report, which will be issued in February 2024. The USDA forecast area planted to all wheat for harvest in 2024 at 48 million acres, down 1.2 million acres from 49.6 million acres in 2023. The…
Argentina anticipates rebound in soybean crop
Argentina’s soybean crop is expected to rebound in the 2023-24 crop year to an estimated 50 million tonnes, up from 21 million tonnes last season, according to a Sept. 7 report from the Buenos Aires grain exchange. The country is a top exporter of processed soybeans and also a major corn and wheat supplier. A historic drought sharply reduced production last season.
Brazil overtakes US as top corn exporter
Brazil will overtake the United States as the world’s top corn exporter in the 2022-23 marketing year and is projected to be the leading exporter in 2023-24 as well, according to statistics from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The only other year in which Brazil topped the United States in corn exports was in 2012-13, a year in which a severe drought impacted US corn production.