Global Ag News For July 7.2025

TOP HEADLINES

Japan tariff negotiator held in-depth talks with Lutnick, Japanese government says

Japan’s tariff negotiator Ryosei Akazawa held “in-depth exchanges” over the phone with U.S. Commerce Secretary Howard Lutnick on Thursday and Saturday, the Japanese government said.

A pause on a 24% reciprocal tariff on imports from Japan expires on July 9, although U.S. President Donald Trump has suggested the rate could be even higher.

The Japanese government also said in a statement that it intends to continue actively coordinating with the U.S. side on the matter, as it worked to avert higher tariffs.

The White House declined to comment on the report, referring only to Trump’s recent comments on Japan.

Trump this week hammered Japan over what he said was Tokyo’s reluctance to import U.S.-grown rice, and accusing Japan of engaging in “unfair” autos trade.

Japan has in fact imported historically high volumes of U.S. rice in recent months as domestically grown rice has skyrocketed in price since last year.

It was unclear if Trump would make good his pledge to skip further trade negotiations with Japan and send it a letter with a specific tariff rate, on top of the 10% already in effect on most trading partners. On Friday he said he had signed letters to 12 countries and they would be going out on Monday, but did not identify them.

He expressed doubt that a deal could be reached with Japan on Tuesday, and suggested he could impose a tariff of 30% or 35% on imports from Japan – well above the 24% tariff rate he announced on April 2.

Japanese Prime Minster Shigeru Ishiba on Wednesday said he was determined to protect his country’s national interests as trade negotiations with the U.S. struggled, noting that his country was the largest investor in the United States.

Tokyo has yet to secure a trade deal after nearly three months of negotiations as it scrambles to find ways to get Washington to exempt Japan’s automakers from 25% automobile industry-specific tariffs, which are hurting the country’s manufacturing sector.

 

FUTURES & WEATHER

Wheat prices overnight are down 12 1/2 in SRW, down 12 1/4 in HRW, down 7 3/4 in HRS; Corn is down 12 1/2; Soybeans down 21 3/4; Soymeal down $5.00; Soyoil down 0.43.

Markets finished last week with wheat prices up 2 in SRW, down 10 in HRW, up 11 1/2 in HRS; Corn is down 5; Soybeans up 1 1/2; Soymeal down $1.60; Soyoil up 1.59.

For the month to date wheat prices are up 6 in SRW, down 3 in HRW, up 18 3/4 in HRS; Corn is down 1 1/2; Soybeans up 1/2; Soymeal down $2.10; Soyoil up 1.49.

Year-To-Date nearby futures are down 0.7% in SRW, down 7.4% in HRW, up 5.7% in HRS; Corn is down 8.6%; Soybeans up 4.1%; Soymeal down 12.4%; Soyoil up 36.2%.

Chinese Ag futures (SEP 25) Soybeans down 42 yuan; Soymeal down 14; Soyoil down 72; Palm oil down 46; Corn down 21 — Malaysian Palm is up 8.

Malaysian palm oil prices overnight were up 8 ringgit (+0.20%) at 4070.

 

There were changes in registrations (-1 SRW Wheat, 75 Soymeal). Registration total: 0 SRW Wheat contracts; 0 Oats; 78 Corn; 915 Soybeans; 863 Soyoil; 1,856 Soymeal; 419 HRW Wheat.

Preliminary changes in futures Open Interest as of July 3 were: SRW Wheat up 782 contracts, HRW Wheat up 1,199, Corn up 827, Soybeans down 4,429, Soymeal down 3,918, Soyoil up 285.

 

LARGELY MIXED WEATHER PATTERN AHEAD FOR NORTH AMERICA

What to Watch:

• High rainfall in many spring crop regions
• Shifting warmth ahead, with potential cool-down in the Midwest

 

Northern Plains: Scattered showers moved through over the long holiday weekend, but some areas were missed. Several disturbances and systems will move through this week and next, which keeps the region active. But only scattered showers are being forecast and areas of heavy rain will be contained to thunderstorms that develop. Some severe weather could be significant later this week though as well.

Central/Southern Plains: Scattered showers went through the region over the long holiday weekend, but some areas were missed. The rain may have delayed the winter wheat harvest some more, but continue to produce overall good conditions for corn and soybean areas. This is outside of the heavy rain that fell in Texas and caused devastating flooding, damage, and deaths. Multiple fronts are forecast to move through this week and next, which will keep the region busier than normal for summer as corn and soybeans head closer to or into pollination.

Midwest: Scattered showers and thunderstorms moved through the region over the long holiday weekend and continue across the south on Monday. Another system will slowly move through the region Monday through Wednesday, another will move through Friday and Saturday, and more are forecast to move through next week, keeping the region very busy. Some areas that are a bit dry could pick up some needed rain while others stay unfavorably wet. Temperatures remain generally mild to warm through next week but could trend warmer thereafter. Still, most areas are in good shape as corn and soybeans head toward or into pollination.

Delta Lower Mississippi: Some isolated showers moved through over the weekend, but many areas stayed favorably drier. However, a front will settle into northern areas on Monday and showers will increase from the Gulf for most of the week as well. Though some areas have had a chance to dry out a bit, the coming rainfall is going to keep some areas too wet.

Canadian Prairies: Multiple systems moved through the region over the long holiday weekend, but only produced scattered showers. They did occur over southern areas that were drier though, which may have helped soil moisture in these areas. Some areas across Manitoba were not as lucky, however. A couple of disturbances will move through this week, but a larger storm is likely to produce some heavier rain in Manitoba on Thursday and Friday, a favorable setup for getting some rainfall into areas that need it as wheat and canola head toward or into reproduction.

Brazil: Drier conditions over the last week have been favorable for the ongoing safrinha corn harvest and to drain some wet soils across the south from previous rainfall. Colder temperatures have also meant frost across some southern areas, which likely did not have an impact on maturing corn or vegetative wheat, but may have for specialty crops. Drier conditions are expected again this week with increasing temperatures.

Argentina: Cold temperatures again produced frosts and freezes over the weekend. Even so, no damage should be expected for mature corn and soybeans that are still in the midst of harvest, or winter wheat that is just being established. Temperatures will rise above normal this week, but a pair of fronts could produce some meaningful and welcome showers for southern and central areas that could use some rain.

Europe: A system brought scattered showers to the continent over the weekend and will continue eastward with the showers over the next couple of days, bringing through a relief in temperatures as well. Many areas have been very hot and dry, which has been favorable for maturing and harvest of winter wheat. But other areas need the rain for spring-sewn crops that may be heading into pollination.

Black Sea: Some isolated showers moved through over the weekend, but many areas stayed dry. A couple of systems will move into the western portions of the region this week, with the second one settling in for a few days and bringing more widespread showers. Southwestern Russia will see very little precipitation with heat building. That will be good for maturing and harvesting wheat, but not for vegetative corn and sunflowers as many areas have limited soil moisture and need some solid rains.

Australia: A few spots across the south caught a few showers over the weekend, but many areas saw little or no rainfall as drought continues to be a problem for much of the country. Though wheat and canola are still vegetative over the winter, they will need some solid rain soon when the crops head toward reproductive stages in another month or so.

China: Some showers went through portions of the central and northeast over the weekend, favorable for developing corn and soybeans, but possibly stalling the wheat and canola harvest. Showers will miss important areas of the North China Plain this week, though showers will probably fall just about everywhere else. Some spots in the country could be too hot and dry and may have some issues with crop damage should this occur and continue.

 

The player sheet for 7/3 had funds: net sellers of 1,500 contracts of SRW wheat, sellers of 500 corn, sellers of 500 soybeans, and sellers of 1,000 soyoil.

TENDERS

• CORN SALE: The U.S. Department of Agriculture confirmed private sales of 150,000 metric tons of U.S. corn to unknown destinations for delivery in the 2024/25 marketing year.
• SOYBEAN SALE: USDA confirmed private sales of 226,000 metric tons of U.S. soybeans to unknown destinations for delivery in the 2024/25 marketing year.
• SOYMEAL SALE: USDA confirmed private sales of 195,000 metric tons of soybean cake and meal for delivery to unknown destinations. Of the total, 45,000 tons were sold for delivery in the 2024/25 marketing year and the remaining 150,000 tons were for 2025/26.
• WHEAT TENDER: Jordan’s state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins.
• FEED BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley.
• NO PURCHASE IN CORN TENDER: Tunisian state grains agency ONF is believed to have rejected all offers and made no purchase in an international tender for 25,000 tonnes of animal feed corn on Thursday.

 PENDING TENDERS

• SOYMEAL TENDER: South Korean animal feed maker Major Feedmill Group, or MFG, issued an international tender to purchase up to 60,000 metric tons of soymeal sourced optionally from South America, the United States or China,
• CORN TENDER: Algerian state agency ONAB issued a new international tender to purchase up to 240,000 metric tons of animal feed corn sourced from optional origins.
• WHEAT TENDER: Bangladesh’s state grains buyer issued an international tender to purchase and import 50,000 metric tons of milling wheat.

 

 

 

 

TODAY

US Sold 701.4K Tons of Soybeans Last Week; 1.47M of Corn: USDA

USDA releases net export sales report on website for week ending June 26.

• Corn sales rose to 1,473k tons vs 1,047k in previous week
• Soybean sales rose to 701k tons vs 559k in previous week
• All wheat sales rose to 586k tons vs 255k in previous week

 

US Export Sales of Soybeans, Corn and Wheat by Country

The following shows US export sales of soybeans, corn and wheat by biggest net buyers for week ending June 26, according to data on the USDA’s website.

• Top buyer of soybeans: Unknown Buyers with 191k tons
• Top buyer of corn: Mexico with 829k tons
• Top buyer of wheat: Philippines with 162k tons

 

US Export Sales of Pork and Beef by Country

The following shows US export sales of pork and beef product by biggest net buyers for week ending June 26, according to data on the USDA’s website.

• Mexico bought 15.2k tons of the 27.1k tons of pork sold in the week
• South Korea led in beef purchases

 

Argentine Soy, Corn, Wheat Estimates July 3: Exchange

The Buenos Aires Grain Exchange releases weekly report on website.

• Harvest of 2024-25 soy crop is complete, with an average yield on farms of 2.97 metric tons/hectare
• 2025-26 wheat planting progress is delayed by rains and, at 78.2%, trails recent seasons

 

Argentina completes soybean harvest as cold spell boosts development of wheat

Argentina has completed its 2024/25 soybean harvest with a final output of 50.3 million metrics tons, up 100,000 tons from the previous season, the Buenos Aires Grains Exchange (BdeC) said in its weekly crop report on Thursday.

Argentina is the world’s largest exporter of soybean oil and meal.

The harvest concluded a season marked by drought and a heat wave during the Southern Hemisphere summer, followed by autumn rains that helped yields recover, the exchange said.

The country’s highest soybean output on record was 60.8 million tons, recorded 10 years ago, the exchange said.

For the 2024/25 corn crop, the exchange said that harvesting has progressed well due to mostly dry conditions, with 61.7% of the planted area harvested. Corn production is expected to reach 49 million tons, the agency said.

Argentina is the world’s third-largest corn exporter.

 

Global 2025-26 Grain Output Set for Record on Better Wheat: FAO

Global grain production is forecast at a record high for the 2025-26 season, with sufficient supplies to meet demand, according to a report from the UN’s Food and Agriculture Organization.

• FAO forecasts global grain production of 2.93b tons
• The stock-to-use ratio is forecast at 30.3%, “indicating sufficient supply prospects in the new season”
  • The increase is linked to wheat, with the forecast for global stocks lifted
• Wheat stockpiles are seen at 321.0m tons, 11m tons higher than June’s forecast
• Total grains stockpiles seen rising to 889.1m tons in 2025-26, from 869.5m tons a year earlier
• Forecasts for rice and coarse grain stockpiles were also raised

 

Brazil 2024/25 Soy Sales 69.8% Done as of July 4: Safras

Compares with 77.5% a year before and with 5-year average of 82.1%, consulting firm Safras & Mercado says in emailed report.

• Soy sales were at 64% in June 6 report
  • 2024/25 soy harvest is seen at 172.45m tons
• 2025/26 soy sales are 16.4% done, compared with 18.2% a year ago and 5-year average of 23.2%
  • Sales were at 10.8% in June 6 report
  • 2025/26 soy harvest is seen at 182.57m tons

 

SOYBEAN/CEPEA: Argentina raises export taxes; prices move up in the US and in Brazil

Soybean prices are moving up this month in the United States and in Brazil, due to the increase of export taxes (retenciones) in Argentina, since this scenario tends to redirect part of the international demand to the US and to Brazil.

Abroad, the optimism in soy oil sales in the US, especially for the biodiesel sector, and the dollar decrease reinforced price rises. In Brazil, the dollar devaluation ended up limiting increases, since it tends to discourage exports. From June 26 to July 3, the US dollar dropped 1.6%, at BRL 5.412 yesterday. In June, the average was at BRL 5.53, the lowest since June last year.

It is worth noting that Argentina finished the 2024/25 season this week, and the output is estimated by Bolsa de Cereales at 50.3 million tons. Now, the focus is on crops in the US, where the 2025/26 planting finished this week, and the productivity will be important to define prices in this second semester.

BRAZIL – Besides the expectation of higher processing, the demand to complete loads at ports boosted the liquidity in the spot market this week.

The CEPEA/ESALQ Index (Paranaguá) increased 0.7% from June 26 to July 3, closing at BRL 136.50 per 60-kg bag on July 3. The average in June was at BRL 134.56/bag, +1.1% compared to that in the month before. The CEPEA/ESALQ Index (Paraná) upped 0.4% over the last seven days, to close at BRL 130.26 per 60-kg bag. In June, the Index averaged BRL 129.14/bag, moving up 0.8% in relation to May.

On the average of the regions by Cepea, soybean prices in the over-the-counter market (paid to farmers) rose 0.2% and 0.3% in the wholesale market (deals between processors) between June 26 and July 3.

The Brazilian value of soy oil increased 0.7% between June 26 and July 3, at BRL 6.335.12 per ton (in São Paulo city with 12% ICMS) on July 3. On the average of the regions surveyed by Cepea, soybean meal prices moved down 2% between June 26 and July 3.

 

CORN/CEPEA: Corn prices are the lowest of this year

Quotations have been decreasing since April and are currently at the lowest levels of 2025 in many regions surveyed by Cepea.

Price drops are related to the high supply in the spot market. Sellers are more flexible about quotations. Although the pace of the harvesting is below that verified in the year before, there are already limitations in the storage capacity. The low export parity also reinforces the downward trend.

Purchasers, in turn, offer lower values in this scenario. Many of them purchase only to meet immediate needs, expecting new price decreases.

The ESALQ/BM&FBovespa Index (Campinas, SP) dropped 5.1% between June 26 and July 3, closing at BRL 64.15 per 60-kilo bag on July 3, the smallest level since September 2024, in nominal terms.

On the average of the regions surveyed by Cepea, from June 26 to July 3, corn values moved down 2.2% in the over-the-counter market (paid to farmers) and 3.4% in the wholesale market (deals between processors).

Corn quotations dropped 2.3% comparing June 26 and July 3 at the port of Paranaguá (PR). As for the US dollar, the decrease is by 1.6% in the same period, at BRL 5.421 on July 3, the smallest value of the year, in nominal terms.

 

China approves Ethiopian soymeal imports to diversify supply

China has approved the import of soybean meal from Ethiopia, a Chinese customs statement showed, as part of efforts to broaden its protein sources amid a trade war between Beijing and Washington.

Effective July 3, Ethiopian soymeal that meets China’s phytosanitary standards and is free of pests will be allowed into the country, the statement said.

“This is part of a broader strategy to diversify supply sources and reduce reliance on imported soybeans. The volume is not expected to be large,” said Rosa Wang, an analyst at Shanghai-based agro-consultancy JCI.

The approval follows Chinese feedmakers securing the first soymeal shipment from Argentina since imports were approved in 2019, an effort to mitigate potential disruptions from the U.S.-China trade war.

Although China mainly imports soybeans from Brazil and the U.S. to crush into soymeal domestically, direct imports of soymeal remains limited.

In June, China also approved soymeal imports from Uruguay, adding to an expanding list that includes Argentina, Brazil, Russia, and Belarus.

 

Russia’s Agriculture Ministry retains forecast for harvest of at least 135 mln tonnes of grain in 2025, including 90 mln tonnes

Russia’s Agriculture Ministry has retained the previously announced forecast for the harvest of at least 135 million tonnes of grain in 2025, including 90 million tonnes of wheat.

“We have announced our forecasts. We have retained the forecast for about 135 million tonnes of grain and we expect 90 million tonnes of wheat,” Agriculture Minister Oksana Lut told reporters during the All-Russia Field Day in the Volgograd Region on Friday.

The harvest has been complicated, Lut said. “We have harvested about 4 million tonnes of grain, though we had much more last year. Weather conditions are interfering, especially in the central area, in the Volga Federal District, where it has been raining. Many enterprises have not been able to enter the fields yet,” she said, adding that, “we hope that the weather changes.”

 

Early Monsoon Rains in India Raise Hopes of a Bumper Grain Crop

Early and widespread monsoon rains in India have accelerated the sowing of rice, oilseeds and pulses, boosting the country’s chances of record grain harvest this year, according to the farm ministry’s top bureaucrat.

With rains arriving ahead of schedule in many regions, farmers have been able to begin sowing earlier than usual, Farm Secretary Devesh Chaturvedi said. If that continues at a normal pace through the critical months to September, it could benefit both the current crops and the upcoming winter harvest, he said.

India, the world’s second-largest producer of rice, wheat, and sugarcane, depends heavily on the annual monsoon to irrigate more than half of its farmland — and those rains directly affect crop yields, rural incomes and inflation. Above-average precipitation not only supports food security for the nation’s 1.4 billion people but is also vital for lifting economic growth and stabilizing global agricultural markets.

Chaturvedi ruled out concerns about fertilizer shortages this season. Supplies of urea, di-ammonium phosphate and potash are sufficient, he said, despite India’s dependence on imports for part of its requirements. Seed availability is also being closely monitored to ensure that farmers receive certified, high-quality materials, he added.

“If the rains stay favorable through September, this could be a record year for Indian agriculture,” Chaturvedi said, referring to both monsoon and winter crops.

India is forecast to receive above-normal rainfall in July, the wettest month of the monsoon season, according to the India Meteorological Department. Rains were 9% above normal in June, it said.

Despite farmers’ preference for rice, encouraged by minimum support prices and additional state bonuses, the government is also eager to diversify production.

For pulses, such as pigeon pea, black gram and lentils, the government has guaranteed minimum support prices for four years, in order to stabilize supplies and support farmers, Chaturvedi said. The national ethanol blending program, meanwhile, is encouraging increased corn cultivation, he added.

Authorities are also promoting the cultivation of geographical indication-tagged specialty rice varieties, such as Kalanamak, which can command higher prices in overseas markets, Chaturvedi said.

 

Global Food Prices Saw Slight Increase in June, UN’s FAO Says

Global food prices ticked up slightly in June driven by higher meat, dairy and vegetable oil costs, according to an index of food-commodity prices from the United Nations’ Food and Agriculture Organization.

• The FAO food index rose 0.5% from a month earlier
• Vegetable oil costs rose by 2.3%, led by gains in palm, soy and rapeseed oils
  • Palm rose on strong global demand while soyoil gained on biofuel demand expectations
  • Rapeseed gained on tight global supplies
• Meat prices rose 2.1% reaching a new all-time high on higher bovine, pig and sheep meat costs
• Dairy prices also ticked up, driven by record high butter prices and an increase in cheese prices
• Sugar prices fell 5.2%; grain prices fell 1.5%

 

Russia Drops Wheat Export Duty to Zero in Bid to Boost Sales

Russia lowered its weekly wheat export duty to zero for the first time since it was introduced in June 2021 as it attempts to kick-start sluggish sales.

The Russian agricultural ministry set the duty at zero from July 9 to July 15, down from 56.3 rubles ($0.70) per ton in effect from July 2 through July 8.

Russia uses floating duties on exports of wheat, corn and barley, calculated weekly as the difference between base prices and export prices. Over the past six months Russia has drastically lowered the duty on wheat, from 4,769 rubles ($60) per ton in late December.

The move comes amid a decline in exports out of Russia, the world’s largest wheat exporter.

In June, Russia exported 1.12 million tons of wheat, a quarter of the level of a year ago, Interfax reported this week, citing the Russian Grain Union. According to Union’s preliminary data, wheat exports from July 2024 through June 2025 dropped by 28% to 41.5 million tons.

Deputy Premier Dmitry Patrushev in May acknowledged Russia’s significant decline in grain exports and said prompt measures were needed to fix the situation and retain market share, according to Interfax. At the end of May, the agriculture ministry announced that it plans to retain the export duty, but will adjust the base prices for its calculation.

 

Ukraine harvests 865,700 tons of grain from 2025 crop so far, minister says

Ukrainian farmers have harvested 331,900 hectares of early grain, threshing a total of 865,700 metric tons of various grains from the new 2025 harvest so far, agriculture minister Vitaliy Koval said on Friday.

Ukraine plans to harvest at least 51 million tons of grain in 2025, 10% less than in 2024.

“Ukraine’s harvest is about a week behind last year, amid worsening drought and contrasting temperature conditions in the regions,” ASAP Agri consultancy said in a report.

Another consultancy, Barva Invest, forecast that the pace of harvest would accelerate in the next two weeks. It noted that half of the barley area could be harvested by mid-July, and half of the wheat area by the start of August.

“Current data show that grain quality is predominantly good for both wheat and barley. The problem is the low yields, which were affected by numerous weather anomalies during the development period,” Barva Invest said.

The Ukrainian National Academy of Agrarian Sciences said this week that dry weather in southern Ukraine during sowing and plant growth stages had significantly reduced winter wheat and barley yields.

 

China releases plan to promote rural revitalization, CCTV reports

China on Monday released a plan outlining 14 specific tasks to promote the quality and expansion of the country’s domestic service industry and help promote rural revitalization, state broadcaster CCTV reported.

 

Russia’s fertilizer exports to Brazil up almost 30% in H1, RIA reports

Russia has increased exports of fertilizers to Brazil by almost 30% in the first six months of the year, RIA news agency reported on Sunday, citing Andrey Guryev, the head of the Russian Fertilizers Producers Association.

According to the group, Russia also hiked fertilizer exports to Brazil by 20% last year, to a record-high 11.4 million metric tons.

Guryev was cited by RIA as saying that Russia will continue raising exports of fertilizers to the BRICS countries.

Originally formed by Brazil, Russia, India and China, the BRICS group later added South Africa and has expanded to include other developing nations to increase its influence in global governance.

Rio de Janeiro is hosting a BRICS summit on Sunday and Monday.

 

India May Allow GM Animal-Feed Imports From US in Trade Deal

India may allow imports of some processed, genetically modified US farm products as it seeks to strike a trade deal with Washington, a potential concession after New Delhi opposed inflows of GM corn and soybeans.

Authorities may agree to inbound shipments of some products used in animal feeds, such as soybean meal and distillers dried grains with solubles, a byproduct of corn-based ethanol production, according to people familiar with the matter, who asked not be identified as the information isn’t public.

Indian and US officials have been engaged in intense negotiations over last few days to iron out differences in a bid to secure a deal before a July 9 deadline, when higher US tariffs are set to kick in. Earlier this week, Treasury Secretary Scott Bessent said the countries were “very close” to an agreement.

India’s Ministry of Commerce and Industry didn’t immediately respond to an email seeking comment for this story.

The world’s most populous country is opposed to imports of GM corn and soybeans, and does not permit local farmers to grow them for food. With a vast agricultural sector, and farmers representing a key voting bloc, India retains a cautious stance toward shipments that could compete with local production, reflecting concerns over rural livelihoods and food security.

At present, the government doesn’t allow cultivation GM food crops, even though varieties can aid yields. The commercial release of GM mustard has been stalled due to a legal challenge in the country’s top court, and in 2010, the government rejected a GM variety of brinjal, or eggplant.

Still, India already meets about 60% of vegetable-oil demand through imports, including soy and canola oils from GM crops. The country is also the second-largest cotton grower, with more than 90% of that crop genetically modified.

 

Indonesia Pledges to Buy More US Wheat in Bid for Trade Deal

Indonesia, the world’s second-biggest wheat buyer, plans to purchase more wheat from the US as it seeks to secure a trade deal ahead of the looming tariff deadline.

The Southeast Asian nation will sign a memorandum of understanding for wheat purchases during 2025-2030 with the US in Jakarta on Monday, Franciscus Welirang, the chairman of the Indonesian Flour Mills Association — known as Aptindo — said in a phone interview.

Read More: Indonesia Confident to Get Bold Deal With US Before Deadline

Indonesia may buy at least 800,000 tons of wheat from the US this year, up from 740,000 tons in 2024, and a minimum of 1 million tons annually from 2026, he said. The US last sold more than 1 million tons of wheat to Indonesia in 2020, when it shipped about 1.2 million tons, USDA figures show.

While the new pledge represents an increase, it still represents a fraction of Indonesia’s total wheat purchases. The USDA forecasts the country’s imports at 12 million tons in the 2025-26 season.

 

Ethanol producer Inpasa bought minority stake in Brazil’s Vibra, local media reports

Biofuels firm Inpasa has been buying shares of Brazilian fuel retailer Vibra VBBR3.SA, coming up to a 3% stake, local news outlet Brazil Journal reported on Thursday citing sources.

Inpasa, which was founded in Paraguay and is the largest producer of corn ethanol in Brazil, aims to further grow its stake in Vibra, Brazil Journal added.

 

US Miss. River Grain Shipments Fall, Barge Rates Decline: USDA

Barge shipments down the Mississippi river declined to 577k tons in the week ending June 28 from 760k tons the previous week, according to the USDA’s weekly grain transportation report.

• Barge shipments of corn fell 25% from the previous week
• Soybean shipments down 23.5% w/w
• St. Louis barge rates were $12.57 per short ton, a decline of $0.76 from the previous week

 

Black Sea Nitrogen Fertilizer Price Drops 8.84%

Nitrogen fertilizer, represented by Urea Ammonium Nitrate (UAN) on the Black Sea, fell 8.84% to $253 per metric ton in the week ended July 4, according to Green Markets data compiled by Bloomberg Intelligence.

• UAN Black Sea rose 2.43% during the last month and was up 1% during the last 3 months
• Major UAN nitrogen benchmark prices were mixed
• Shares of Yara International ASA were up in the latest week
• Major Urea nitrogen benchmark prices were mixed
• Major Ammonia nitrogen benchmark prices were unchanged
• Natural gas, which drives producer costs, has decreased 9.7% during the last week and was down 11% during the last month
• The price of corn, a driver of fertilizer purchases, increased 4% during the last week and was down 0.8% during the last month

 

 

 

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