U.S. soybean and corn futures rallied on Monday and wheat futures firmed as a round of bargain buying supported commodities prices after a bearish global supply picture pushed prices sharply lower this month.
Brazil does not favour vaccination as a way to control bird flu because it would inevitably lead to trade barriers, one of its senior officials said on Monday.
The United Nations expressed concern on Monday that Ukraine's Black Sea port of Pivdennyi (Yuzhny) has not received any ships since May 2 under a deal allowing the safe wartime export of grain and fertilizer.
Brazil does not favour vaccination as a way to control bird flu because it would inevitably lead to trade barriers, one of its senior officials said on Monday.
The U.S. Crop Watch producers are very happy with their corn and soybean fields at this early stage, though the main Corn Belt could remain dry through early June, potentially concerning for some locations.
The U.S. Department of Agriculture's (USDA) weekly crop progress report should rate 30% of the U.S. winter wheat crop in good to excellent condition, according to the average estimate in a survey of 12 analysts on Monday, up 1 percentage point from last week but still among the lowest on record for this time of year.
The European Union's crop monitoring service on Monday raised its forecasts of this year's EU soft wheat and rapeseed yields, citing a good crop outlook overall except in the drought-affected Iberian peninsula.
U.S. wheat, soybean and corn futures rose on Monday, with a round of bargain buying supporting commodities prices after a bearish global supply picture pushed prices sharply lower this month.
Uganda's coffee exports declined 8% by volume in April compared with the same period last year, hurt by a drought and falling shipments to Sudan due to the conflict there, the sector regulator said.
The European Union's crop monitoring service on Monday raised its forecast of this year's EU soft wheat yield to 6.01 tonnes per hectare (t/ha) from 5.96 t/ha projected last month.
FXEmpire.com - Key Insights
Euro Area Consumer Confidence rises from -17.5 in April to -17.4 in May.
Inflation remains a serious problem in the EU.
EUR/USD tries to settle above the 1.0820 level.
On May 22, EU released the flash reading of the Euro Area Consumer Confidence r
Europe's business jet sector is putting its greenest foot forward at its flagship annual conference this week as it faces a downturn in flights on the back of commercial aviation's rebound and growing pressure to become more sustainable.
India's wheat procurement in 2023 could fall by a fifth from the initial estimate as government purchases have slowed down in the last few days after local prices jumped, government officials and traders told Reuters.
The European Union and French Development Agency (AFD) have agreed to provide a 60 million euro ($66 million) facility to expand silo capacity for grain storage in Egypt, the European Commission delegation in Cairo said.
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