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...
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...
Renewables, Trade segments boost The Andersons earnings
Strong renewables production and improved results in the Trade segment boosted The Andersons net income attributable to the company to $27 million, equal to 80¢ per share on the common stock, for the third quarter ended Sept. 30, up from $9.7 million, or 28¢ per share, in the same quarter a year earlier. “Overall, we...
US grain exports in all forms increase 26%
Exports of US grains in all forms increased by 26% to 109.4 million tonnes in the 2023-24 marketing year, according to data released by the US Department of Agriculture (USDA). The exports, valued at $48 billion, were bolstered by a record 1.75 billion gallons of ethanol sold internationally and a single-market record 23.4 million tonnes...
Drought stymies Brazilian grain shipments
A severe drought in northern Brazil has significantly lowered water levels on the Tapajos waterway, halting grain shipments. Brazilian port terminal group Amport, which represents firms such as Cargill and Louis Dreyfus, told Reuters that navigation of barge convoys carrying grains in the Tapajos has been halted since Oct. 4, and is expected to resume in November if...
Egypt expected to produce more wheat in 2024-25
According to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture, Egypt is expected to produce more wheat in 2024-25 as the government encourages an increased planted area and higher yields. Production is estimated at 9.2 million tonnes, up from 8.87 million a year earlier. The FAS said that High...
Grains and oilseeds powerhouse
The presence of two of the world’s most important agricultural producers and exporters — Brazil and Argentina — makes South America a powerhouse of world grains and oilseeds production and trade. The two make the region the leader in world soybean production, also producing large crops of maize (corn) and a significant tonnage of wheat....
Brazil’s grain production dips in 2023-24
Grain production in Brazil is estimated at 298.41 million tonnes for the 2023-24 marketing year, a drop of 21.4 million tonnes compared to the previous year, according to Conab, the country’s food supply and statistics agency. This would still be the second largest crop in the survey’s history. In its 12th Grain Harvest Survey for 2023-24...