Drought

Argentina Set For Soy, Corn 'Super Harvest' As Estimates Keep Rising

Argentina is set for a corn and soy "super harvest" with production forecasts likely to keep climbing, a senior analyst at the Rosario grains exc...

Maersk To Use Rail To Bypass Panama Canal Amid Drought

A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water levels have c...

Canadian Wheat, Canola Harvests Expand, Rebound From Dry Conditions

Canadian farmers will harvest more wheat and canola than was expected several months ago, as crops rallied from dry conditions that threatened yields, a go...

Dry Soil To Curb Asia's Early 2024 Rice Output, Pressure Supply

Asian off-season rice production is poised to take a hit as dry planting conditions, shrinking reservoirs and forecasts for continued El Nino weather are s...

World Vegetable Oil Deficit Likely In 2024, Demand Remaining High, Analyst Says

A global vegetable oil supply deficit next year is still very likely due to the impact of the El Nino weather pattern, while demand growth is still very hi...

Spain's Deoleo Sees Olive Oil Prices Staying High Until June 2024

Olive oil prices in Spain will remain at record levels at least until June after a drought hit the south of the country for the second year in a row, ...

Spanish Drought Means Olive Oil Output Set To Be A Third Below Four-Year Average

A scorching drought that hit southern Spain for a second year in a row is likely to mean the country's 2023-24 olive oil production is a third below the fo...