Corn and soybeans: projections for the 2024/2025 USDA – December
Compared to November's report, U.S. corn exports are forecasted higher, lowering grain stocks, while global soy output rises, led by Argentina's growth.
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Compared to November's report, U.S. corn exports are forecasted higher, lowering grain stocks, while global soy output rises, led by Argentina's growth.
The EU-Mercosur agreement eliminates over 90% of tariffs but faces challenges due to agricultural and environmental concerns.
Compared to the October report, cuts were made to U.S. and EU corn harvests, and global soybean projections were lowered.
The European Parliament suggests giving companies an extra year to comply with the EU deforestation law, enabling gradual implementation.
The region received above-average rainfall in October, but the corn planting window has closed. Thirty percent of the intended area has not been planted. In the absence of significant late plantings, corn in the core region is expected to be half that of last year.
Soybeans, winter corn, and wheat should continue to drive grain production growth.
Higher U.S. corn exports were estimated and Chinese corn imports were cut again. Soybean figures remained almost unchanged, reflecting a bumper crop and an increase in ending stocks.
Pig feed remains the most significant type of feed, with 8.1 million tons.
The European Commission proposes an additional 12 months for companies and countries to adapt to the new regulations, ensuring an effective transition.
The 2023-2024 season for straw cereals, rapeseed, and protein crops in France was marked by complex weather conditions. Heavy rainfall influenced crop quality.
Compared to the July report, cuts were made to corn production in the European Union and Ukraine, while estimates for the United States and Argentina improved slightly. Global soybean production, trade, and ending stock forecasts increased, supported by increases in the U.S. harvest and exports.
This week, the results of the Strategic Dialogue on the Future of Agriculture in the European Union were presented, a key meeting for the agricultural sector across the continent.
Oilseed production in the EU-27 for the 2023 harvest and forecast for 2024.
The following is a summary of the data on the EU-27 cereal crop for 2023/24 and forecasts for 2024/25 made by Copa-Cogeca.
The memorandum of understanding was signed to export raw materials, for technical assistance and technology transfer to strengthen the agricultural, livestock, and agro-industrial sectors.
The first updated estimates for world corn and soybean crops are virtually unchanged from the previous report.