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24.
04.24
09:29

MARS estimates EU wheat yields slightly above average In its new Apr. 24 issue, the EU Commission's Agricultural Meteorological Institute (MARS) has updated its yield forecasts from the previous month based on the climate data evaluation from 1 Mar. to 13 Apr. 2024. The comparisons are made with both the previous year and the 5-year average. In the…

24.
04.24
09:07

The soybean rally continues. For the first time this year, soybeans closed three trading days in a row with a green sign. The most traded July contract rose by 5.50 US cents to 1,182.00 US cents/bu. Soybean meal also increased in price yesterday and closed with a gain of $1.30 at $346.10/short ton (355.70 euros/t)…

24.
04.24
09:00

Rapeseed moved slightly southwards yesterday. Although the current front month lost 5.75 euros/t, the follow-up contracts, including the most traded August futures contract, ended the trading day with minor setbacks. At the closing bell, the August contract closed at 40.25 euros/t on the Euronext/Matif scoreboard. This…

24.
04.24
08:55

Corn contracts on Euronext/Matif did not present a uniform picture yesterday, but most of them headed south. The front month of June closed at 204.25 euros/t, 2.25 euros/t lower than on Monday. At the wholesale level, maize prices are rising this week. In South Doldenburg, 211 euros/t were quoted most recently. On the…

24.
04.24
08:50

Prices on Euronext/Matif came to a halt yesterday after the significant rally on Monday. Although the front month of May was able to gain again at the beginning of the session, it ended up significantly in the red at the end, while the follow-on contracts left yesterday's session unchanged or with marginal losses…

23.
04.24
19:24

The last few years have been challenging for the pork sector with higher interest rates, lower hog prices, global instability cutting into export demand, and higher feed prices.

23.
04.24
19:06

Grain Growers of Canada (GGC) expressed their disappointment in several policy areas missed in Budget 2024. These include an extension to the extended rail interswitching pilot, investments in trade-enabling infrastructure, investments in grain-related research and development, initiating a review of...

23.
04.24
14:49

The red side never tires of pointing out the weak meat business and calling for price reductions. The continuing changeable weather conditions are not yet encouraging barbecue activities. Overall, however, free lots and pigs ready for slaughter can be marketed promptly due to the limited supply, and the market is…

23.
04.24
14:25

“Weekly updates from the Canadian Grain Commission (CGC) provide useful crop movement and demand information,” says Neil Blue, provincial crops market analyst with the Alberta government. The CGC statistics include volumes of bulk crops moved through facilities licensed by the...

23.
04.24
14:23

“As many areas in Alberta are dealing with dry conditions, producers will likely have to manage dust from pens and livestock feedlots,” says Trevor Wallace, nutrient management specialist with the Alberta government. “While pen dust during periods of prolonged dry...

23.
04.24
14:22

Alberta is an agricultural powerhouse with diverse and innovative industries, including a thriving bioprocessing sector. When companies set up operations here, they experience a welcoming, business-friendly regulatory environment and one of North America’s most competitive business tax systems. Alberta’s government...

23.
04.24
09:07

The recovery in soybean prices continued yesterday. July beans closed with double-digit gains. Soybean meal rose slightly, but also increased in price. Soybean oil benefited from the generally friendly market environment and from price recoveries in competing vegetable oils. Yesterday's friendly sentiment for…

23.
04.24
09:01

After last week's weak days, rapeseed contracts started the new trading week with significant gains. The now most frequently traded August futures contract closed with a daily gain of 12.00 euros/t at 461.25 euros/t. Follow-on contracts also made noticeable gains, indicating a rising futures curve on the exchange. The…

23.
04.24
08:49

Maize prices headed north yesterday. The rising price trend of the past few days continued. The indications from wheat provided corresponding support, so that the most traded June futures contract rose by 4.75 euros to 206.50 euros/tonne. The following contracts also closed firmer and are all above the 200 euro/t mark…

23.
04.24
08:44

There was a real wheat rally on Matif and CBoT yesterday. The news that triggered this rally is diverse. The front month of May in Paris rose by a significant 9.00 euros to 215.50 euros/t yesterday. The following contracts also showed clear green signs. New attacks by Russia on Ukraine are once again fueling concerns…

22.
04.24
21:49

There's no doubt pork production is a noble calling, says Iowa State University Extension swine specialist Colin Johnson. But the reality remains that farmers still have to cover production costs and earn a living. "Let's face it, achieving a profit...

22.
04.24
19:04

Demand for piglets remains brisk, meaning that the available supply can be sold quickly. Prices remain unchanged and are trending unchanged. As slaughterers are sometimes calling for price reductions, the piglet market is not seen to have any room for maneuver for the time being. Piglet quotations (prices in €)…

22.
04.24
14:45

The National Pork Producers Council has led 30 other agricultural organizations in urging the Biden administration’s Office of the U.S. Trade Representative to recommit to an aggressive trade agenda, hold trading partners to their commitments, and improve enforcement mechanisms for...

22.
04.24
14:42

regions of Oklahoma and Texas, feral hogs persist as a significant nuisance, wreaking havoc on crops and posing a threat to livestock health. Conventional removal techniques like traps and hunting have proven insufficient against the rapidly proliferating hog populations. However,...

22.
04.24
14:38

Live cattle futures on the Chicago Mercantile Exchange (CME) closed lower on Wednesday, with the benchmark June contract retreating from its highest in nearly two weeks as wholesale beef prices declined, Reuters reported, citing traders. Setbacks on Wall Street equity...

22.
04.24
Bullish
  • Lower harvest expectations Europe 2024/25
  • Declining rapeseed cultivation in Germany
  • Rising demand for soybean oil in the USA expected
  • Uncertainties Ukraine/geopolitical tensions overall
Bearish
  • Growing global soybean cultivation
  • Harvest pressure South America
  • US dollar development
  • Economic concerns China
19.
04.24
Milch News, 04/19/2024 Market Assessment
Bullish
  • Good demand for butter and cheese
  • International competitiveness predominantly given
  • Exchange rates
  • Milk volume below previous year
Bearish
  • Seasonal development of milk volumes
  • Weak demand for powder
  • Situation on the Red Sea makes deliveries to Asia expensive
22.
04.24
10:47

Soybeans rose significantly on Friday. The May futures closed at 1,150.50 US cents/bu, gaining 16.25 cents/bu. The price of soybean meal also increased, rising by 5.70 US dollars to 343.70 $/short ton in the leading May futures, which corresponds to a converted price of 354.80 euros/t. On the local spot markets, asking…

22.
04.24
09:56

Contrary to the generally positive sentiment for agricultural goods and oilseeds, rapeseed on Euronext/Matif headed south on Friday. The front month of May lost 1.50 euros to close at 449 euros/t. This also reflects some profit-taking after the previous week's positive movements. Rapeseed on the cash markets was…

22.
04.24
09:52

Corn moved northwards on Friday. Quotations on Euronext/Matif rose for the most traded June futures contract, closing 4.50 euros/t firmer at 201.75 euros/t and thus regaining the psychologically important 200 euros/t mark. The August futures price also increased significantly, while the November futures price rose by…

22.
04.24
09:46

Wheat prices rose on Friday. Wheat rose both on the cash markets and on the Paris stock exchange. In Paris, the leading May contract rose by 0.75 euros to 206.50 euros/tonne. The news situation is varied. Although the price momentum in Russian export prices has not continued for the time being, the consultancy Sovecon…

19.
04.24
14:28

Certain topics in agriculture have tended to dominate farm media – this column included – over the years. For example the protracted debate which finally led to the elimination of the Canadian Wheat Board. The Port of Churchill, and the...

19.
04.24
14:18

IGC updates forecast for the global grain market 2024/25 The International Grains Council (IGC) has updated its forecast for the global grain market in 2024/25 in its Apr. 24 issue. Production is estimated to be 10 million tons lower than in the previous month at 2,322 million tons. The decisive factor was the reduction in the US harvest. Global…

19.
04.24
Bullish
  • Good export demand Eastern Europe
  • Consumer demand for frozen products remains very good
  • Problematic planting
  • Scarce availability of planting stock
Bearish
  • Rising import volumes Egypt and Israel
  • Start of the harvest in Spain
  • Quiet demand from chip factories
19.
04.24
Getreide News, 04/19/2024 Market Assessment
Bullish
  • Insect infestation in Argentina
  • Rising export prices in Russia
  • Uncertainties Ukrainian supply capability
  • First maize harvest in Brazil on the home straight
  • Low wheat estimate 24/24 for Europe and Germany
Bearish
  • Weak export demand with high competition
  • Increased global harvest forecasts for corn and wheat
  • Higher maize expectations Europe
19.
04.24
10:00

The soy complex was in the red yesterday. Soybeans fell by double digits, while soybean meal fell only slightly. The dynamic export activities in South America are weighing on US demand. Harvests in Argentina and Brazil are progressing well and farmers in Brazil are already in the final stages of harvesting. At 485,800…

19.
04.24
09:59

Rapeseed prices corrected slightly upwards yesterday. Prices for the now most traded August date moved northwards by 1.75 euros/t to 450.75 euros. The front month rose by 2.25 euros to 450.50 euros/t. Compared to the previous week and the day before yesterday, prices on the spot markets are showing weaker trends at…

19.
04.24
09:58

The June corn contract on Euronext/Matif gained yesterday and ended the trading day with an increase of EUR 1.75. Since last week Friday, maize in the June futures contract has thus gained a total of EUR 2.75 per tonne. Support is coming from the wheat price. The ongoing tense situation in Ukraine is also giving corn…

19.
04.24
09:57

Wheat prices stabilized yesterday. The most traded May futures contract closed with an increase of 2.50 euros/t at a closing price of 205.75 euros/t. Farmers in southern Germany are satisfied with the development of field stocks. The local feed industry is sometimes interested in feed grain and is asking for slightly…

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