Commodity & Trade Updates
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Seaboard’s milling segment records 258% increase in operating income in Q1 results
USA- Seaboard Corp. registered an operating income of US$43 million in its Commodity Trading and Milling (CT&M) segment during the first quarter that ended April…
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Kenyans anticipate maize meal price drop to Kes140 on expectation that imports will reach the country in 10 days
KENYA- The agriculture ministry has once again said the price of maize meal will drop in 10 days as 150,000 metric tonnes of maize imports…
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Australia wheat production to drop by 25% to expected dry conditions: USDA
AUSTRALIA – Aussie wheat production in the marketing year 2023-24 is likely to dip 25% from the 39.2 million tonnes estimated in 2022-23, according to…
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Argentina’s wheat production to boomerang after a lamentable summer harvest: USDA
ARGENTINA- Wheat production in Argentina is likely to rebound in the marketing year 2023-24 following a dismal summer 2023 crop season caused by drought and…
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Canada’s 2023 wheat acreage could be the highest in 20 years: Statistics Canada
CANADA- According to Statistics Canada, Canadian wheat acreage could reach 27 million acres in 2023, up 6.2% year-over-year and the highest in two decades, owing…