Global corn consumption in 2026/27 could exceed production by nearly 30 mln tons, which would be the largest deficit in more than three decades. This is indicated by the latest USDA estimates, despite expectations for the second-largest corn crop in US history.
The tighter global balance is mainly linked to lower production in other key exporting countries. Combined corn and wheat output among major suppliers could post its largest volume decline since 1993/94, limiting exportable supply available to the global market.
The European Commission continues to assess agricultural trade between Ukraine and the EU amid new challenges facing Ukrainian exports. In its response to a letter from the Ukrainian Grain Association, the Commission focused on the current trade conditions, export logistics and opportunities to develop alternative routes.
Crop prices are set to cap their biggest monthly jump in more than a decade as wars and extreme weather disrupt supplies, raising concerns about food inflation.
Turkey resumed allowing ships to transit its straits on the way to the Black Sea, following unexplained delays for some vessels amid heightened security risks in the area.
Crude oil tanker Aegean Dream entered the Dardanelles Strait on Sunday after waiting in the area since Thursday, and was signaling its destination as the Caspian Pipeline Consortium terminal in Russia’s Novorossiysk, according to ship tracking data. Container vessel Mehmet Kahveci A also passed through the waterway early Sunday signaling Novorossiysk.
Chinese scientists have discovered a gene in wild corn responsible for increased grain protein content, which was lost during the domestication of the crop. According to the researchers, this discovery could help reduce China’s dependence on imported feed protein components, Yicai Global reports.
Dry weather is disrupting crop planting across Asia, raising concerns about food supplies in the world's most populous region, and an expected severe El Nino weather pattern could inflict more damage.
From India's grain-producing northwestern plains to Australia's eastern wheat belt, and from Thailand's rice fields to Indonesia's vast palm oil plantations, hot weather and below-normal rains are hurting crops and forcing farmers to reduce planting, farmers, analysts and traders said.
Agriculture remains a less contentious area in U.S.-China relations. China unlikely to increase soybean purchases beyond existing commitments. Markets expect new deals for corn, sorghum, milling wheat, poultry and meat.
South Africa’s canola production is expected to continue expanding, with output in the 2026/27 season potentially reaching a new record. Farmers are increasing planted area in response to strong demand for vegetable oils and oilcake.
Planted area is projected at around 189.2 thousand hectares, up 8% year-on-year. If yields remain at the five-year average of 1.89 t/ha, total production could reach approximately 357.5 thousand tonnes, marking a 16% increase from the previous season.
South African farming group Karoo Pistachios is ramping up output to capitalize on surging prices and compete with the world’s biggest producers.
The nuts — used in ice cream and chocolate — climbed to the highest level in almost a decade this month as the conflict in Iran, the world’s second-largest grower, disrupts supplies in an already constrained market.
Over the past week, Ukraine’s soybean market recorded moderate price growth, particularly in the western border segment. The key driver was stronger demand from China, along with low container freight rates, according to White Brokers.
This made container exports more attractive, which in turn supported prices. An additional factor was the return of other Asian importers to the market.
Prices for GMO soybeans on a DAP port basis were around $465/t, while at the western border, they were $1–2/t higher.