World Farming Agriculture and Commodity news - Short update  24th March  2025

World Farming Agriculture and Commodity news - Short update 24th March 2025

User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
 

World Farming Agriculture Commodity news - Weekly Updated -  Exclusive and very popular - Delivering a Media service 365 days of the year.

Conflict and weather-related crises are fueling food insecurity globally, with Sudan facing an acute crisis where nearly 25 million people—half its population—experience severe food insecurity, worsened by mass displacement, economic collapse, and limited humanitarian access. Famine conditions (IPC Phase 5) are spreading across the country. Domestic food price inflation remains elevated, affecting 78.9% of low-income countries with rates above 5% between November 2024 and February 2025, though global agricultural, cereal, and export price indices dropped 8%, 4%, and 11% since February 2025, with maize, wheat, and rice prices declining 3%, 3%, and 7%, respectively.

The World Bank is tackling this through a portfolio spanning 90 countries, aiming to benefit 296 million people with short-term aid like social protection and long-term strategies like climate-smart agriculture. Examples include Honduras’ Rural Competitiveness Project, aiding 6,287 small-scale producers and creating 6,678 jobs; the $2.75 billion Food Systems Resilience Program in Eastern and Southern Africa; and emergency projects in Central African Republic and Guinea Bissau, supporting over 401,000 farmers with seeds, tools, and cash transfers. Other efforts, like the $766 million West Africa Food Systems Resilience Program and a $500 million project in Egypt, focus on resilience and access to essentials, addressing both immediate needs and systemic challenges.
The U.S. Department of Agriculture (USDA) is investing up to $100 million in research for therapies and potential vaccines to combat bird flu in poultry, part of a broader $1 billion strategy announced in February to address the outbreak and reduce soaring egg prices. The funding, revealed on Thursday, will support for-profit organizations, states, universities, and others. Since 2022, bird flu has killed nearly 170 million poultry, driving egg prices to record highs due to supply shortages, with infections also detected in humans and dairy cows. To ease prices, the U.S. will import more eggs from South Korea, joining Turkey and Brazil in this effort under the Trump administration.
Agriculture Secretary Brooke Rollins has discussed prevention with Health and Human Services Secretary Robert F. Kennedy Jr., a vaccine skeptic who opposes bird flu vaccination, favoring natural immunity through virus spread—a stance Rollins’ chief of staff claims they are "aligned" on, though specifics were not clarified. The USDA maintains its culling policy for infected flocks, supported by experts, and has not approved a vaccine but is exploring candidates matched to current strains. The U.S. egg industry, represented by Chad Gregory of the United Egg Producers, supports vaccinating hens, turkeys, and possibly dairy cows to mitigate the crisis.
Canada’s mustard acreage is set to drop significantly in 2025, with Statistics Canada forecasting 289,000 acres—less than half of last year’s 606,000. Scott Cunningham of Schluter & Maack Canada suggests this estimate, while low, may not be far off, though Rayglen Commodities called it “staggering,” expecting closer to 500,000 acres. Despite the sharp decline, prices haven’t surged yet, with yellow mustard at $0.45 per pound and brown/oriental at $0.35 as of March 20, while growers seek $0.50 and $0.40, respectively. Rayglen predicts the drop could support future price strength, noting increased seed sales since the March 12 report.The muted price response stems from European buyers avoiding Canadian mustard for 18 months, leaving the market with few bids and minimal contracting—Cunningham reports just one new crop contract versus a typically completed season by now. Canola’s tariff issues likely prevented an even steeper acreage cut. Price direction hinges on planted acres and yields, with improved but still deficient moisture conditions and July weather as key factors after recent heat-related losses. The market remains weighed down by oversupply from a 2021 drought-driven price spike ($2-$2.50 per pound), which spurred global overplanting, including in non-traditional Saskatchewan areas like Nipawin. Cunningham expects a record uncontracted crop this fall, with a standoff looming between growers and buyers.

US beef exports to Mexico were down slightly from a year ago, declining 2% in both volume (19,724 mt) and value ($110.1 million), according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Beef variety meat exports were a bright spot, however, as volume reached the highest level since 2016, climbing 16% to 11,871 mt, valued at $31.3 million (up 15%).  Mexico is the top export destination for US exports of beef tripe, intestines, hearts and lips.  In January, exports of US beef tripe to Mexico accounted for $8.14 per every head of fed cattle harvested, lips were $3.84, hearts were $2.34 and intestines were $0.49.

President Donald Trump’s plan to boost U.S. shipbuilding by imposing fees of up to $1.5 million on China-linked ships visiting American ports is disrupting exports, swelling U.S. coal inventories, and creating uncertainty in agriculture. The U.S. Trade Representative’s proposal includes a $1 million per-entry fee for Chinese operators (or $1,000 per net ton, typically hitting $1 million) and up to $1.5 million for operators with China-built ships in their fleets, scaled by fleet composition (e.g., $1 million for 50%+ Chinese-built, $750,000 for 25-50%, $500,000 for under 25%). Vessel owners are already refusing future coal shipments, per Xcoal Energy’s Ernie Thrasher, while agricultural exporters face limited shipping options.
U.S. farmers, already hit by retaliatory tariffs from China, Mexico, and Canada, struggle to secure freight for crops like corn, soybeans, and wheat, with exporters unsure of final costs. The American Farm Bureau estimates added annual transport costs of $372 million to $930 million, eroding competitiveness in penny-sensitive global markets. Analyst Jay O’Neil warns the fees—adding $16.67-$25 per metric ton to freight—will raise consumer prices and hurt farmers, boosting rivals in South America and the Black Sea by shrinking the pool of available ships and driving up freight rates, effectively undermining U.S. grain export viability.

 

DISCLAIMER

The views and opinions expressed in this program are those of the writers and do not necessarily reflect the views or positions of any entities they represent. The information contained in this website is for general information purposes only. The information is provided by CRA and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

 

Commodities March 23

Commodities Top Performers

Soybean Meal 0.81% 299.90 USD
Coal 0.77% 98.25 USD
Lumber 0.75% 676.00 USD
Oats 0.73% 3.80 USD
Rapeseed 0.71% 495.00 EUR

Commodity Prices

Precious Metals Price % +/- Unit Date
Gold
3,023.18
0.00%
0.00
USD per Troy Ounce
3/22/2025
Palladium
962.50
0.00%
0.00
USD per Troy Ounce
3/21/2025
Platinum
979.50
0.00%
0.00
USD per Troy Ounce
3/21/2025
Silver
33.04
0.00%
0.00
USD per Troy Ounce
3/21/2025
Energy Price % +/- Unit Date
Natural Gas (Henry Hub)
3.96
0.10%
0.00
USD per MMBtu
3/21/2025
Ethanol
2.16
0.05%
0.00
per Gallon
3/21/2025
Heating Oil
59.44
0.00%
0.00
USD per 100 Liter
3/21/2025
Coal
98.25
0.77%
0.75
per Ton
3/21/2025
RBOB Gasoline
2.19
-0.14%
0.00
per Gallone
3/21/2025
Oil (Brent)
72.11
-0.21%
-0.15
USD per Barrel
3/21/2025
Oil (WTI)
68.30
-0.10%
-0.07
USD per Barrel
3/21/2025
Industrial Metals Price % +/- Unit Date
Aluminium
2,622.65
-1.94%
-51.95
USD per Ton
3/21/2025
Lead
2,019.00
-1.03%
-21.05
USD per Ton
3/21/2025
Copper
9,813.48
-0.73%
-71.88
USD per Ton
3/21/2025
Nickel
15,915.00
-0.89%
-143.11
USD per Ton
3/21/2025
Zinc
2,906.40
0.26%
7.65
USD per Ton
3/21/2025
Tin
34,775.00
-1.18%
-413.50
USD per Ton
3/21/2025
Agriculture Price % +/- Unit Date
Cotton
0.65
-1.07%
-0.01
USc per lb.
3/21/2025
Oats
3.80
0.73%
0.03
USc per Bushel
3/21/2025
Lumber
676.00
0.75%
5.00
per 1.000 board feet
3/21/2025
Coffee
3.90
-0.48%
-0.02
USc per lb.
3/21/2025
Cocoa
6,259.00
0.37%
23.00
GBP per Ton
3/20/2025
Live Cattle
2.07
-0.67%
-0.01
USD per lb.
3/21/2025
Lean Hog
0.86
0.47%
0.00
USc per lb.
3/21/2025
Corn
4.63
-1.02%
-0.05
USc per Bushel
3/21/2025
Feeder Cattle
2.87
-0.36%
-0.01
USc per lb.
3/21/2025
Milk
18.53
0.05%
0.01
USD per cwt.sh.
3/21/2025
Orange Juice
2.73
0.55%
0.02
USc per lb.
3/21/2025
Palm Oil
4,651.00
-0.39%
-18.00
Ringgit per Ton
3/21/2025
Rapeseed
495.00
0.71%
3.50
EUR per Ton
3/21/2025
Rice
13.42
0.56%
0.08
per cwt.
3/21/2025
Soybean Meal
299.90
0.81%
2.40
USD per Ton
3/21/2025
Soybeans
10.10
-0.37%
-0.04
USc per Bushel
3/21/2025
Soybean Oil
0.42
-1.45%
-0.01
USD per lb.
3/21/2025
Wheat
226.25
-0.22%
-0.50
USc per Ton
3/21/2025
Sugar
0.20
-1.35%
0.00
USc per lb.
3/21/2025