Commodity & Trade Updates
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Soybean market tightness to continue as supply concerns persist
GLOBAL- Soybean futures reached new highs after Bunge raised concerns about dwindling supplies in Argentina, according to CRM Agri’s oilseeds market outlook reports. The upward trend…
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Argentine wheat crop forecast slashed due to persistent drought
ARGENTINA – Argentina’s wheat production outlook for the 2023-24 marketing year has improved as the US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) revised…
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BII invests US$26.5M in AFEX to enhance food security in Africa
NIGERIA– British International Investment (BII), the United Kingdom’s development finance institution (DFI) and impact investor, has announced a significant commitment of US$26.5 million to AFEX,…
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U.S. soybean meal exports to reach record high
USA- U.S. soybean meal exports have surged to record levels, with an estimated 13.2 million tons in the marketing year 2022/23 (October to September), boasting…
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Russia’s minimum grain export price leads to supply chain strain
RUSSIA- Russian authorities have effectively prohibited farmers from selling grain to foreign customers at prices below the government’s minimum threshold. This strategy, while intended to…