Wheat Does Feel the Heat – The Consequences of Record Low U.S. Wheat Acres and Drought Reduced Yields
The potential for an explosive upside move for U.S. wheat prices is high due to record low hard red winter wheat acres combined with U.S. Great Plains drought and late spring HRS planting. Compounding the price risk are the dry conditions in Canada and questions around Argentine wheat production post the 2018 drought.Read more
Indian monsoon arrived on 29 May, slightly earlier than usual, and forecasts indicate normal amounts of rain, which will boost agricultural output if materialised. India’s total planted acreage in 2018 is expected to rise by 1% YOY in case of a normal monsoon. Poor crop margins and pest problems during 2017 are expected to result in lower pulse and cotton acreage in 2018. Oilseed crops, corn, and other cereals look set to gain acreage share in 2018. Monsoon rainfall and the distribution thereof will be crucial not only for summer crops but also for the winter crop acreage. Rainfall in the second half of the monsoon period (August to September) will be important to follow.Read more
Brazilian grain & oilseed exports have shown a strong increase lately: between 2010 and 2017, soybean and corn exports grew by 145%, from 40m tonnes to 97m tonnes. This huge growth in a relatively short time changed how grain is moved from producing areas in the countryside to ports and, ultimately, to external markets. Brazilian logistics went through interesting changes, including an intensified use of waterways to transport grains to ports, as well as increasing shipments through the ports in northern Brazil.Read more
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China, the original home of soybeans, now absorbs around two-thirds of global...
Global trade of all grains & oilseeds has grown by about 150 million tonnes in...