Wheat harvest underway in Europe & Russia

The July heat wave in Europe is not expected to continue and may thus have a very limited impact on European wheat crops. Although water usage restrictions have been imposed across French regions, harvest is already underway, limiting the potential for the wheat crop [...]

Wheat futures market inverts post-WASDE release

On Thursday, Jul. 11, Jul-19 wheat futures rose 4.8 percent to a six-week high of $5.36 following the June WASDE release. This price is higher than both the Sep-19 and Dec-19 futures contracts, at $5.21 and $5.32, respectively. Jul-19 contract prices rose in reaction [...]

Update on genetically modified sugar in the U.S. & for key world markets

Almost all sugar beets harvested in the U.S. are grown from genetically modified (GM) seed, and the beet industry had feared that the National Bioengineered Food Disclosure Standard would be applied to beet sugar as a result. Arguing that beet sugar, like soybean oil [...]

Tariff aid focus on U.S. soybean farmers disappoints corn farmers

USDA announced more details on financial aid to farmers hurt by trades disputes. Direct payments to growers will total $4.7 billion, with $3.7 billion for soybean farmers, who will receive $1.65 per bushel on 50 percent of their projected production. For comparison, payments for [...]

First decline for world food prices in 2018

FAO reported that its Food Price Index fell 2.4 points in June, the first dip since the start of 2018, attributed largely to growing trade conflicts. With both corn and wheat weaker, the Cereal Index fell 6.4 points in June. The Vegetable Oil Index [...]