Commodity & Trade Updates
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Good news for the world as Russia extends the Black Sea Grain Deal for another two months
TURKEY- According to a televised speech by Turkish President Tayyip Erdogan, the Ukraine Black Sea grain deal has been extended for two more months, merely…
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USA to register its smallest wheat harvest since 1957 in year 2023/24: USDA
USA- For the year 2023/24, wheat harvests in the USA plains will likely be the lowest in almost seven decades thanks to drought, according to…
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GrainCorp registers US$134m net profit owing to increased oilseed crush volumes bumper canola crop
AUSTRALIA- GrainCorp reported A$200 million (US$134 million) in net profits after taxes for the first half of the 2023 financial year that ended March 31,…
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Argentine Bioceres to bolster drought-resistant HB4 wheat sales through marketing partnerships
ARGENTINA- Bioceres, an Argentine biotech firm, plans to expand its HB4 wheat seeds sales by partnering with 45 seed multiplier firms ahead of planting season,…
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Global wheat production forecast up 1.5M tons as Argentine crop recovers from severe drought: USDA
GLOBAL- World wheat production is forecast at a record 789.8 million tons for 2023/24, up 1.5 million from the 2022/23 production, partly due to the…