CME, B3 to launch Brazilian soybean futures

CME, B3 to launch Brazilian soybean futures – World-Grain.com, 23 June 2020

CHICAGO, ILLINOIS, US, and SÃO PAULO, BRAZIL – CME Group and B3 SA on June 22 announced an agreement to jointly develop risk management products for both Brazilian domestic and global market participants. Under the terms of the agreement, CME Group and B3 will work together to launch futures on Brazilian soybeans in the third quarter of 2020, pending regulatory approvals. Read more…

North Africa expected to be world’s top wheat buyer

North Africa expected to be world’s top wheat buyer – World-Grain.com, 10 June 2020

RABAT, MOROCCO – Faced with one of the worst droughts in four decades, North Africa is expected to be the world’s top buyer of wheat, Bloomberg reported.

The region’s wheat purchases are expected to increase 7.4% to a record 29.7 million tonnes in the crop year that starts in July, according to US Department of Agriculture forecasts. That level of demand would be higher than the Middle East and Southeast Asia for the first time in three seasons, Bloomberg said. Read more…