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Global soybean production requirements and ending stocks for 2022/23 are raised slightly. On December 9, the US Department of Agriculture released its supply and demand report for December. USDA predicts that global soybean production in 2022/23 will be 391 million tons, an increase of 640,000 tons from the previous month, an increase of 35.56 million tons from the previous year's 356 million tons; global soybean demand will be 380 million tons, a
Rabobank said in a report on Wednesday that the gap between wheat supply and demand will reach 6 million tons next year, as supply remains heavily impacted by the conflict between Russia and Ukraine, and the weather outlook in the European Union, the United States and Argentina is uncertain. Consumers face an increasingly bleak macroeconomic picture, with energy shortages, geopolitical risks and persistent shortages of key commodities such as wheat boding
On November 16, Robert Spurway, CEO of GrainCorp, one of Australia's largest wheat exporters, said that global grain inventories are at an all-time low, coupled with the continued impact of the Russia-Ukraine conflict and the new crown epidemic, supply pressure is increasing. The outbreak of the Russia-Uzbekistan conflict disrupted more than a quarter of global wheat exports. The food price index of the Food and Agriculture Organization of the United Nations
It is a matter of global wheat supply, and the grain market is particularly sensitive to the situation in Russia and Ukraine. The black sea port agricultural products export agreement was renewed, and CBOT wheat futures continued the previous decline. As of press time, the intraday low on November 17 had fallen below 800 cents/bushel, as low as 793.75 cents/bushel. This year, the international wheat market rose explosively and then fell back, and it
On November 15, the 17th G20 Summit was held in Bali, Indonesia. As the host, Indonesian Prime Minister Joko Widodo started with the food issue and clarified the crisis that the world should respond to in 2023. Don't underestimate the fertilizer problem, he said, and 2023 will be even more bleak if immediate steps are not taken to ensure there is a supply of fertilizer at the right price in the market. The current high food prices will further worsen
A triple whammy for U.S. corn exporters this year. After low water levels in the Mississippi River have slowed corn shipments from the Midwest to the U.S. Gulf, top buyer China is turning to Brazilian corn, while No. 2 buyer Mexico reiterated this week that it will stop buying U.S. yellow corn.
On November 2, the Food and Agriculture Organization of the United Nations (FAO) released the "State of Food and Agriculture 2022" report in Rome. One of FAO's flagship publications of the year, The State of Food and Agriculture 2022 explores how agricultural automation can advance the SDGs and offers several recommendations for policymakers on how to maximize benefits and reduce risks. Agricultural automation covers a broad spectrum, ranging from tractors
The grains of wheat are full, and the golden wheat reports the joy of a bumper harvest. The Chinese hybrid wheat, which was selected by the Beijing Academy of Agriculture and Forestry and went abroad to Pakistan, welcomes a bumper harvest. Even with the rare high temperature this year, the highest yield per mu of the nearly 10,000 mu demonstration area still exceeded 400 kilograms. As Pakistan's largest grain crop, wheat has a planting area of 9 million hecta
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