The European Union announced that it will impose tariffs on Russian grains to actually stop imports
① The European Commission announced that it will raise import tariffs on Russian and Belarusian grains. The purpose of this move is to limit Russian revenue while preventing these grains from destabilizing the local European market; ② According to an official press release, the EU currently exempts these products from tariffs or only imposes a small amount of tariffs, but future tariffs will rise to the extent that imports of these products will actually be stopped.
Indonesia Starts Cloud Seeding for Rice Crop Before Dry Season
Warm Weather in Australia's Top Grain State Raises Crop Concerns
High temperatures and droughts continue, and Australian wheat production may be threatened
① The Western Australian Grain Industry Association issued a warning saying that when local farmers are about to start growing next season's grains, they are experiencing a continuous hot and dry summer, causing local crop production to face more uncertainties; ② Western Australia is Australia's largest producer of food, and Australia is a major exporter of wheat.
Weather, market sentiment, growing regions, who dominated the agricultural products market in the second quarter?
Weekly overview of this week's price changes Over the past week, CBOT agricultural product prices have basically fluctuated in the range, but soybean oil prices have declined. The USDA report for April is in line with market expectations, with minimal volatility, as people now pay more attention to planting progress and weather effects. We are entering the so-called weather market, and long-term pricing for commodities will largely depend on weather forecasts and actual conditions in key growing regions. The importance of this stage has been amplified by the current tight balance between supply and demand for various crops, limiting the margin of error when weather adversely affects yield. This situation has exacerbated the price pair
Farmer Sentiment Improves as Interest Rate Expectations Shift