Page 4 - Commodity Pricing News Today

Rapeseed prices have fallen below the trading range they had trodden since June, with futures indeed setting four-month lows, finds a review by CRM Agri.

Softening corn prices will boost feed demand and imports in Japan in the year ahead.

Belgium’s competition authority has approved the sale of ForFarmers’ compound feed activities in that market to Arvesta.

The swine industry is facing several challenges globally, such as climate pressure and price volatility of raw materials. There are also issues specific to certain regions, related to legislative pressure and market constraints.

Rabobank estimates a gradual performance boost for the global poultry market in the last quarter of 2023 and early 2024, following several months of slow growth.

The US Department of Agriculture’s National Agricultural Statistics Service (NASS) has revised down its soybean supply forecast for 2023/24 based on lower yield.

The EU executive arm announced at the end of last week that the import ban on grain and oilseeds from Ukraine in five neighbouring EU countries has expired.

Corn and soybean prices fell after USDA estimates for US supplies were larger than markets had expected, but wheat failed to rise on a deep cut to world inventory hopes, finds CRM Agri.

The US Federal Reserve continued to dominate the macro picture over the past month. US inflation rose from 3.0% to 3.2% in July, the first monthly hike in inflation since June 2022. Consequently, markets still see some room for rates to move higher, which increases the probability of a stronger economic downturn once those rates filter through to the economy, reads CRM Agri’s Global Agricultural Economic Outlook.

The latest WASDE report cut forecasts for world production of corn, soybeans, and wheat in 2023/24.