High soybean harvest in Argentina could offset production decline in Brazil Gro’s AI forecasting model analyses and predicts agricultural market trends. According to its assumptions, Argentina’s soybean harvest will likely be high in the 2024 marketing year. Higher production in that country will be able to offset the decline in Brazil. For its analysis, Gro […]
Global wheat supplies will increase due to increased production Gro, a machine learning-based forecasting model, has analysed the global agricultural market. According to the analysis, wheat supplies will increase in 2024 after four years of decline. Wheat is the most in-demand crop on the global market and is strategically important to the food system. Grain […]
Rice production in South Korea is declining In 2023, South Korea’s rice production fell by 1.6% compared to 2022. According to the FAS report, the decline in crop yield was due to measures introduced by the government. In the most recent period, the authorities introduced incentives for farmers to reduce rice area. Korea’s final production […]
Benson Hill plans to expand its seed range in the coming years Benson Hill plans to introduce new soybean varieties in 2024. The biotechnology company is using an innovative artificial intelligence-based breeding platform. The company has made good progress in seed development and testing over the past year. As a result, analysts expect the company […]
Cereal and oilseed production are slightly affected by climate problems The Chinese Ministry of Science and Technology has comprehensively analysed the ecological environment and agricultural development. According to the document, the global production of cereals and oilseeds is increasing every year. The study covered several areas: — the impact of climate change on carbon sequestration […]
What factors influence the decline in corn and soybean yields The University of California has conducted a study on the impact of climate change on agriculture. The scientists published their findings in the journal Agricultural Systems. According to their findings, American farmers will see a decline in crop yields. The reason is that climate change […]
This season’s EU soybean harvest will be the largest in six years FAC has published a forecast for the EU agricultural market for the 2023-2024 marketing year. The forecast for the EU soybean harvest is for an increase in last season’s harvest. Last season was not very successful for the crop. Analysts predict a 6% […]
Brazil’s grain production to decline from record 2022-2023 season The last marketing year was extremely successful for Brazilian farmers. But they should prepare for lower yields in the 2023-2024 season. This is the conclusion reached by analysts at CONAB, who have assessed trends in the country’s agricultural industry. According to them, grain production in Brazil […]
Rice development in Africa as a tool to fight hunger African countries have long remained undervalued in the global agricultural market. But in recent years, their leaders have been working to demonstrate the region’s attractiveness. The development of rice farming deserves particular attention. A number of countries on the continent have all the conditions for […]
Corn yields in the US and other countries: predictions for MY 2023-2024 The USDA has revised its agricultural market forecasts for the 2023-2024 marketing year. According to the new estimate, the US corn yields will be just over 175 bushels per acre. Previous expectations were around 177.5 bushels. Total corn production will be 15.1 billion […]