Ukraine’s corn harvest may slide 18 percent this year as farmers cut planting and use of inputs in the face of a falling currency and reduced access to credit, said French farm adviser Agritel, which has an office in Kiev.
South African wheat futures fell to the lowest level in almost six weeks in Johannesburg, after the U.S Department of Agriculture said stockpiles will be bigger than estimated. Yellow and white corn declined.
Bearish interpretations of iron-ore stockpiles in Chinese ports are overdone, Macquarie Group Ltd. wrote in a report today, citing an analysis of inventory data at steel mills, ore miners and in ports.
A disease damaging banana crops in Southeast Asia has spread to the Middle East and Africa, posing risks to world supply and trade totaling $8.9 billion, according to the United Nations’ Food & Agriculture Organization.