Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China's agricultural heartlands.
China buys Canadian, Australian wheat as heat hits crop, traders say
Crop merchant Louis Dreyfus posts drop in annual profit
Louis Dreyfus Company (LDC) on Wednesday reported a drop in annual profit, the latest global crop merchant to see earnings curbed by subdued prices last year in staple grains caused by ample harvests and easing demand in China.
U.S. grains: Corn, soy, wheat futures sag on renewed U.S. tariff worries
Chicago Board of Trade corn, soybean and wheat futures weakened on Friday on renewed worries that trade disputes could hurt demand for U.S. farm products, analysts said.
U.S. grains: Wheat futures jump on Black Sea crop worries, short covering
Chicago Board of Trade wheat futures climbed to their highest level since October on Thursday as cold weather stoked concerns about potential crop damage in the Black Sea region, analysts said.
U.S. Grains: Soybean, corn futures fall on improving Argentina weather forecast
Rains benefit dry Argentine crop areas
Chicago Board of Trade grain and soy futures backpedaled from their highest prices in months on Wednesday as weather forecasts improved in Argentina, analysts said.
EU cuts wheat crop estimate to 12-year low
European wheat production forecast at 12-year low. Corn, barley, oilseeds also down on year.
French farmers fear for dairy herd as Lactalis cuts milk purchases
Paris | Reuters – Lactalis, the world’s largest dairy company, is to reduce the volume of milk it processes in France, a move it said is aimed at reducing its exposure to international commodity prices but which caused alarm among farmers about a declining dairy herd. Lactalis plans to cut the amount of milk it […] Read more
Louis Dreyfus first half profit drops as grain supply swells
LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
Strategie Grains cuts EU wheat crop forecast as harvesting starts
Paris | Reuters – Strategie Grains lowered its monthly forecast for this year’s soft wheat crop in the European Union, confirming its expectation for a four-year low in production as harvesting gets under way. The consultancy now sees 2024/25 soft wheat production in the 27-country bloc at 121.8 million metric tons, 1.7 million tons less […] Read more
France revamps pesticide reduction plan in wake of farmer unrest
Paris | Reuters – France unveiled on Monday a revised plan to halve pesticide use in the European Union’s biggest agricultural producer, pledging to adopt an EU indicator and boost research into alternatives in a nod to grievances voiced in farmer protests this year. Why it’s important Environmental regulation was one of the main factors […] Read more
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