Page 8 - Commodity Pricing News Today

Japan’s Marubeni is to invest and acquire shares in Swiss-based blockchain startup, Covantis.

The was limited revision to soybean and corn estimates in the latest WASDE but the global wheat supply and demand this month has eased slightly, with the report forecasting an increase in global production estimates.

The American Feed Industry Association (AFIA) says the passing of HR 4996, the Ocean Shipping Reform Act of 2021, will address some of the bottlenecks stifling the export of feed, feed ingredients and pet food products at American ports.

Soybean production on the European continent is expected to be higher than 2020.

The ongoing freight costs and shipping challenges, along with drought in South America, are the factors behind a shortage in the supply of certain key feed ingredients, reports the Irish Farmers Journal.

Corn has continued in a bullish upward trend now for a couple weeks, buoyed by domestic US demand, finds the latest analysis by CRM Agri.

EU compound feed production has been negatively impacted by the spread of animal diseases but boosted by the continuing global grain market rally this year, according to data from FEFAC.

Corn consumption in Colombia is forecast to reach 7.5m MT in MY 2021-22, a 2.7% hike on the previous year’s levels, according to the USDA.

This week started in a slightly bearish way, with data from the Commodity Futures Trading Commission (CFTC) indicating that, post-WASDE, managed money funds had been reducing the number of long positions held across corn, wheat and soybeans, reported CRM Agri.

DG Agri, in its newly published short-term outlook, estimated EU oilseed production for 2021-22 at 30.4m tons, delivering a real boost to supplies.