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Safrinha corn in Brazil was 64% planted as of late last week compared to 73% in 2023 according to AgRural. This represents an advance of 28% for the week. Some of the safrinha corn is going to be planted in March, but not nearly as much as was feared several weeks ago. With another good

Spot basis bids for soybeans delivered by barge to the U.S. Gulf Coast were higher on Friday, while corn bids eased, as Trump administration said it will roll out a wave of new tariffs on Canada, Mexico and China next week, traders said. * Chicago Board of Trade grain and oilseed futures dipped on Friday, as worry about the longer-term impact of such tariffs on U.S. agricultural trade weighed heavy on the markets. * Meanwhile, improved weather in South America, which is allowing for rapid harvests in both Brazil and Argentina, is putting more inventory into the global market, market analysts said. * Cooler temperatures and rain forecasts throughout the U.S. Midwest next week should help river levels recover in some areas, traders said. * Barge availability along the Illinois River remains tight in some areas, which supported prices. * Chicago Board of Trade soyoil futures turned sharply lower on Friday, on an optimistic EU oilseed production forecast and heavier-than-expected ...

Saudi Arabia, one of the key grain markets in the Middle East, is likely to maintain steady domestic growth in 2025, supported by a positive demand outlook, Anis Alam, chief grain procurement officer at Arabian Agricultural Services Company (ARASCO) said in an interview with Platts Jan. 25. The country’s wheat and corn demand is poised to rise at 5% per year, Alam said. “Currently, Saudi Arabia imports around 3.5 million mt of wheat and 5 million mt of corn, which has a growth potential of 5% a year.” Saudi imports wheat, mostly from Europe and Black Sea as domestic wheat production is lower. Alam believes it should be around 500,000-600,000 mt though some statistics show more than 1 million mt. The country’s wheat output is unlikely to increase in the next few years due to water shortage. “I don’t see there is any room for improvement in the production,” he said. Corn, which is used as livestock feed, is imported, mostly from South America – Argentina and Brazil and partly ...