Global Economy

Argentina’s farmers, who are harvesting a record soybean crop, would have to boost storage investments if torrential rain forecast for the second half of the year materializes. El Nino is always bad news for Argentine farmers as it causes drought in some areas will and heavier rain in other areas, requiring more protection for stored crops.

U.S. soybean production is projected at a record 3.390 billion bushels, up 375 million from the drought-reduced 2012 crop.

Soybean prices are weak and likely to get even weaker.

Downpours in EU’s No. 2 wheat grower may curb protein content.

Cheapest wheat offer was for Romanian wheat, followed by U.S.

Some farms may start wheat harvest 10 days later than normal.

Shipment shows competitiveness of U.S. wheat, analyst says.

Since 2005, Swedish-backed Black Earth Farming has emerged as a major landowner in southwest Russia, holding more than 600,000 acres (244,000 hectares) as of 2015. But yesterday, the company announced it has entered into an agreement to sell its Russian operations, distribute the proceeds to its shareholders, and initiate a voluntary liquidation of the company.

Inventories at post-Soviet high, but still only equal to half of U.S. output.

Iran is about to open for business, and the world’s grain traders are lining up.