Oilseed prices have been pushed higher by reduced production expectations, particularly worries over the size of the soybean crop in the United States, and strong demand, with large imports by China. Better-than-expected usage in the US biodiesel industry and tighter supplies in Brazil have added to the bullish tone. Read more…
SHANGHAI, CHINA — Chinese officials are considering permits for millions of tonnes of additional corn imports in the next year as demand for animal feed surges, according to Asia Times Financial. Read more…
LONDON, ENGLAND – Global grains production and trade are forecast to reach record highs in 2020-21, according to the International Grains Council’s (IGC) latest monthly grain market report, released June 25. Read more…
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…