Commodity & Trade Updates
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China soybean imports from US plummet by 63%, shifting to Brazil
CHINA- Data from the General Administration of Customs show that China’s soybean imports from the U.S. dropped 63% in July from a year earlier while…
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Russia negotiates new tripartite grain export deal with Türkiye and Qatar
RUSSIA- The German newspaper Bild recently reported that Russia, Turkey, and Qatar are preparing a grain export agreement to supply Russian grain primarily to African…
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USDA plans debut trade mission to boost agricultural trade with Angola
ANGOLA- The U.S. Department of Agriculture Deputy Secretary Xochitl Torres Small plans to lead the first-ever U.S. agribusiness trade mission to Luanda, Angola on Nov.…
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EU considers subsidizing transport for Ukraine’s grain export
UKRAINE- The European Commission is “seriously considering” subsidizing the transport of Ukrainian grain through its member states after several countries banned imports, according to Poland’s…
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Global wheat supplies condense on lowered production and consumption: USDA
GLOBAL- The global wheat production for 2023/24 will decline by 4.3 million tons to 1,061.7 million as production reduces in the EU, China, and Canada,…