Key US crop areas battle too much, too little rain
Weather typically is the main force affecting agricultural commodity markets, from planting in the spring (or fall for winter wheat) to harvest in the fall (or summer for winter wheat), especially during the growing season for all crops. The most recent examples were from Russia, the world’s largest wheat exporter, and Brazil, the world’s largest...
Turkey bans wheat imports
The Turkish Agriculture Ministry recently announced that it will halt wheat imports from June 21 through mid-October to protect Turkey’s farmers from price decreases and other adverse impacts during this year’s harvest. The measures would be implemented to “prevent our producers from being affected by price decreases due to supply density during the harvest period,...
Brazil’s soybean production facing fertilizer challenges
Brazil is expected to slow its soybean planting expansion in 2022-23, with just a 0.5% increase year-over-year, down from the 3.8% annual growth rate last year.