World wheat inventories have fallen from record highs five years ago, U.S. data shows, as poor weather hurt output and Russia's 2022 invasion of Ukraine temporarily spiked grain prices.
Harsh weather curbs global wheat output, buoys prices
From Black Sea to US Midwest, extreme weather threatens crop output
Hot, dry weather forecast for Russia, Ukraine in coming months; relief seen for China's corn, soybean crops hit by heatwave
Forecast dryness in the Black Sea region's breadbasket is likely to stunt sunflower and corn yields, while heavy rain in the United States after near-record temperatures threaten to take a toll on crops, hitting world supplies and pushing prices higher.
Rival pork exporters could benefit from China-EU trade tensions
Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said.
U.S. wheat sales to China cancelled
USDA confirms more cancellations of U.S. soft red wheat sales to China
Reuters – Private exporters canceled sales of 264,000 tonnes of U.S. soft red winter wheat that had been booked for delivery to China, the U.S. Department of Agriculture confirmed March 11. It was the third cancellation in as many business days and the largest of the three, following two cancellations totaling 240,000 tonnes in the
China backs out of Aussie wheat sales
Australia joins the U.S., which has also seen recent Chinese wheat sales fall through
Chinese wheat importers have cancelled or postponed about one million tonnes of Australian wheat cargoes, said trade sources with direct knowledge of the deals, as growing world stockpiles drag down prices. The news comes after the U.S. government recently reported cancellation of more than 500,000 tonnes of U.S. soft red winter wheat exports to China, the world’s
China snaps up Australian barley after tariffs lifted
Australian barley is starting to move toward China again after three years of tariffs
China has bought approximately 600,000 tonnes of Australian barley since Beijing lifted punishing duties on the grain in August, traders said. The numbers underline strong pent-up demand for the grain from the Asian nation, the same traders noted. China ended anti-dumping tariffs on Australian barley on Aug. 5, roughly three years after the 80.5 per
Asian wheat buyers go shopping after Ukraine port attacks
Reuters – Asian millers will look elsewhere for their wheat as attacks on Ukrainian ports after the collapse of a safe passage deal spark supply risks, traders and analysts said. Supply constraints from the key Black Sea region add further uncertainty amid the prospect of dry El Niño weather threatening Asian crops and exacerbating food
Food inflation: Tight grain, oilseed supplies to keep prices elevated
Demand will remain high and production will face challenges in the coming year
Reuters – Drought or too much rain, the war in Ukraine and high energy costs look set to curb global farm production again next year, tightening supplies even as high prices encourage farmers to boost planting. Production of staples such as rice and wheat is unlikely to replenish depleted inventories, at least in the first
Waterlogged Australian wheat crop faces extensive quality downgrades
Around half of wheat on east coast may be downgraded, industry analysts say
Reuters – Flooding and excessive rains across key parts of Australia’s wheat growing areas have resulted in extensive damage to what was expected to be a record high quality crop, exacerbating concerns over world food supplies. A lower quality crop in Australia, the world’s No. 2 supplier of wheat, comes as dryness in North America
Shipping woes to squeeze China’s soybean stocks
Reuters – China’s soybean stocks are set to tighten further as delays in shipments from the United States deepen shortages of key animal feed ingredient soymeal, keeping prices at record highs. Ships carrying up to three million tonnes of U.S. soybeans, which were scheduled to arrive this month and in November, are likely to be
Cyber-Savvy Farmer
