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...
China ups 2025 grain production goal
Reuters reported, citing a government report, that China has set higher grains and oilseeds production targets and increased its 2025 budget for storing agricultural commodities. This is to secure its long-term food security as it also grapples with a burgeoning trade war with the United States. On March 5, China announced it would set a production target...