Supply Chain - Drought

Rain Helps EU Crops But Spain And North Italy Stay Dry

Rainfall in the past month has benefitted cropland in much of the European Union but Spain and northern Italy remain affected by drought that could lead fa...

Drought In Spain Likely To Halve Its Olive Oil Output

Drought in Spain, the world's largest olive oil producer, is likely to halve the country's output this year compared with the previous year, official estim...

Italy To Cut Rice Output As Drought Looms For Second Year

Italian rice output is set to fall in 2023 as farmers facing a second year of drought reduce the land dedicated to the crop to the lowest for more than two...

French Sugar Beet Area To Shrink To 14-Year Low, Growers Say

The French sugar beet crop area is set to fall to a 14-year low this year despite high prices, with farmers deterred by potential crop damage because of pe...

Bunge Profit Beats Expectations On Strong Soy Crush Margins

Commodities trader Bunge has reported fourth-quarter profit above estimates, as robust soy crushing margins and global demand for crops bolstered its core...

Drought Threatens U.S. Wheat Production Despite Acreage Bump

U.S. farmers expanded plantings of winter wheat by 11% from a year ago to an eight-year peak, encouraged by high prices tied to concerns over food supplies...

US Beef Cow Herd Falls To Lowest Level Since 1962, USDA Says

The US beef cow herd dropped to its lowest level since 1962, US Department of Agriculture data showed, after a severe drought raised costs for livestock fe...

ADM's Earnings Top Forecasts On Strong Crush Margins, Buoyant Demand

Archer-Daniels-Midland Co said robust soy crushing margins and hefty global demand for crops had propelled the US grains merchant to a record fourth-q...