Global Ag News For April 14.2026

TOP HEADLINES

Russia Floats Creation of Food Reserves With BRICS Nations: IFX

Russia should create joint food reserves with members of BRICS and the Eurasian Economic Union due to the Middle East conflict, Interfax reported, citing a deputy secretary of the Russian Security Council.

• The current situation creates risks for Russia’s food security, but also opens long-term opportunities for the nation’s agricultural producers, the news service cited Alexander Maslennikov as saying

 

FUTURES & WEATHER

Wheat prices overnight are up 3/4 in SRW, up 3 1/4 in HRW, down 0 in HRS; Corn is up 2; Soybeans up 1 1/4; Soymeal up $2.20; Soyoil down 0.24.

For the week so far wheat prices are up 11 in SRW, up 14 in HRW, up 1/9 in HRS; Corn is up 2 1/4; Soybeans down 10 3/4; Soymeal up $3.00; Soyoil down 0.83.

For the month to date wheat prices are down 34 1/2 in SRW, down 29 in HRW, down 1/3 in HRS; Corn is down 15 1/4; Soybeans down 7 1/4; Soymeal up $16.80; Soyoil down 2.76.

Year-To-Date nearby futures are up 15.0% in SRW, up 17.6% in HRW, up 8.8% in HRS; Corn is up 0.6%; Soybeans up 13.1%; Soymeal up 14.0%; Soyoil up 38.0%.

Chinese Ag futures (MAY 26) Soybeans up 20 yuan; Soymeal down 6; Soyoil down 39; Palm oil down 121; Corn down 3 — Malaysian Palm is down 87.

Malaysian palm oil prices overnight were down 87 ringgit (-1.91%) at 4468.

There were changes in registrations (-11 Corn, -10 Soymeal). Registration total: 34 SRW Wheat contracts; 93 Oats; 597 Corn; 523 Soybeans; 1,536 Soyoil; 187 Soymeal; 108 HRW Wheat.

Preliminary changes in futures Open Interest as of April 13 were: SRW Wheat down 8,983 contracts, HRW Wheat up 2,513, Corn up 7,622, Soybeans down 5,830, Soymeal up 8,902, Soyoil up 4,071.

 

DAILY WEATHER HEADLINES: 14 APRIL 2026

• NORTH AMERICA: Mixed temperatures continue across much of the U.S., wet conditions persist in the Northwest, and dry weather is raising concerns in the Plains’ winter wheat areas.
• SOUTH AMERICA: Mixed temperatures with wet spells will persist across the southern/far northern Pampas corn and soybean regions, while Brazil’s Southeast/Center West turn dry, and wet spells remains confined to the far South and Northwest.
• EUROPE: Central Europe will be warmer over the next five days before turning cooler during days 6–15, with continued wet spells in Germany and the Alps and drier conditions elsewhere.
• ASIA: Wet spells may support China’s winter wheat growing regions but could delay sugarcane harvesting and corn planting, while dry conditions support India’s winter wheat harvest.
• TELECONNECTIONS: MJO Phase 7-8 is forecast to bring wet conditions across South America and Africa through late April.

 

Midwest – West: Isolated to scattered showers through Friday. Temperatures above to well above normal through Friday.

Midwest – East: Isolated to scattered showers through Friday. Temperatures above to well above normal through Friday. Outlook: Isolated to scattered showers Saturday-Sunday. Mostly dry Monday. Isolated to scattered showers Tuesday-Wednesday. Temperatures falling Saturday, below normal Sunday-Monday, near to above normal Tuesday-Wednesday.

Northern Plains: Isolated to scattered showers through Friday. Temperatures near to above normal through Wednesday, falling Thursday, below normal Friday. Outlook: Mostly dry Saturday-Monday. Isolated to scattered showers Tuesday-Wednesday. Temperatures below normal Saturday-Sunday, near to above normal Monday-Tuesday, near to below normal Wednesday.

Central/Southern Plains: Isolated to scattered showers through Friday. Temperatures above to well above normal through Thursday, falling Friday. Outlook: Isolated showers Saturday. Mostly dry Sunday-Monday. Isolated to scattered showers Tuesday-Wednesday. Temperatures below normal Saturday-Sunday, near to above normal Monday-Wednesday.

Argentina – Cordoba, Santa Fe, Northern Buenos Aires: Mostly dry Monday. Isolated to scattered showers Tuesday-Wednesday. Mostly dry Thursday-Friday. Temperatures above normal through Friday.

Argentina – La Pampa, Southern Buenos Aires: Mostly dry Monday. Isolated to scattered showers Tuesday. Mostly dry Wednesday-Friday. Temperatures above normal through Friday.

Brazil – Rio Grande do Sul and Parana: Isolated showers through Friday. Temperatures near to above normal through Friday.

Brazil – Mato Grosso, MGDS and southern Goias: Isolated showers through Friday, more consistent west. Temperatures near to above normal through Friday.

 

The player sheet for 4/13 had funds: net buyers of 5,000 contracts of SRW wheat, sellers of 4,000 corn, buyers of 7,000 soybeans, buyers of 3,000 soymeal, and sellers of 3,500 soyoil.

 

TENDERS

• WHEAT TENDER: Algeria’s state grains agency OAIC issued an international tender to purchase a nominal 50,000 metric tons of durum wheat, European traders said. The deadline for submissions of price offers is April 15, with offers having to remain valid until April 16, they said. The durum can be sourced from optional origins. Volumes in Algeria’s tenders are nominal and the country frequently purchases more than the volumes initially sought.

PENDING TENDERS

• SUNFLOWER OIL TENDER: Turkey’s state grain board TMO issued an international tender to purchase and import about 12,000 metric tons of crude sunflower oil, European traders said. The deadline for submission of price offers is April 16.
• RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp. issued an international tender to purchase an estimated 65,394 metric tons of rice, European traders said. The deadline for submissions of price offers is April 21.

 

 

 

 

TODAY

US Inspected 1.783m Tons of Corn for Export, 815k of Soybeans

In week ending April 9, according to the USDA’s weekly inspections report.

• Corn: 1,783k tons vs 2,052k the previous wk, 1,830k a yr ago
• Wheat: 321k tons vs 343k the previous wk, 612k a yr ago
• Soybeans: 815k tons vs 805k the previous wk, 555k a yr ago

 

US Corn, Soybean, Wheat Inspections by Country: April 9

Following is a summary of USDA inspections for week ending April 9 of corn, soybeans and wheat for export, from the Grain Inspection, Packers and Stockyards Administration, known as GIPSA.

• Soybeans for China-bound shipments made up 346k tons of the 815k total inspected
• Mexico was the top destination for corn inspections, and also led in wheat

 

Brazil 2025/26 Soy Harvest 87% Done as of Apr. 9: AgRural

Brazil’s 2025/26 soybean harvest reached 87% of planted area as of April 9, AgRural said in an emailed report.

• Pace compares to 81% in prior week, 91% a year ago: AgRural
• Rain slowed harvest at times in Rio Grande do Sul; moisture aids late fields
• Showers hit west/north Paraná, south Mato Grosso do Sul, south São Paulo, aiding stressed safrinha corn
• Rains elsewhere in Center-South continue to support crops with strong development
• Early corn harvest seen starting in Mato Grosso mid-north in 2H May

 

NOPA March US soybean crush estimated at record-high 229.978 million bushels

U.S. processors were estimated to have crushed more soybeans in March than in any previous month on record, while soyoil stocks likely grew to the largest in almost 13 years, according to analysts surveyed ahead of a National Oilseed Processors Association report due on Wednesday.

NOPA members, who represent more than 99% of all U.S. soybean processing capacity, were estimated to have crushed 229.978 million bushels last month, according to the average of estimates from 11 analysts surveyed by Reuters.

The estimate, if realized, suggests last month’s crush would be up 10.2% from the 208.785 million bushels processed in February and up 18.2% from the March 2025 crush of 194.511 million bushels.

The trade estimate indicates processors crushed an average of 7.419 million bushels a day in March, down slightly from a record rate in February but still the second-strongest pace ever.

U.S. crush capacity has expanded amid rising demand from biofuels makers for feedstocks such as soyoil. NOPA’s March report will also include a processing plant in Gibson City, Illinois, for the first time after it was acquired by NOPA member Bunge, according to NOPA CEO Devin Mogler.

Crush estimates for March ranged from 223.200 million to 235.600 million bushels, with a median of 229.546 million bushels.

The report is scheduled for release at 11 a.m. CDT (1600 GMT) on Wednesday.

Soyoil stocks held by NOPA members as of March 31 were forecast to rise to 2.173 billion pounds, based on estimates from eight analysts.

The total, if realized, would be up 4.5% from stocks totaling 2.080 billion pounds at the end of February and the largest supply since June 2013.

Oil stocks estimates ranged from 2.049 billion to 2.325 billion pounds, with a median of 2.174 billion pounds.

 

China’s March Agriculture Exports and Imports Data: Customs

China’s General Administration of Customs releases commodities data on its website.

• Soybean imports in March 4.019m tons; YTD fell 3.1% y/y to 16.584m tons
• Edible vegetable oil imports in March 605,000 tons; YTD rose 25.4% y/y to 1.941m tons
• Rubber imports in March 787,000 tons; YTD rose 0.4% y/y to 2.191m tons
• Meat (including offal) imports in March 503,000 tons；YTD fell 3.5% y/y to 1.587m tons
• Fertilizer exports in March 3.1m tons; YTD rose 14.1% y/y to 8.162m tons

 

China March soybean imports rise 15% y/y, lag expectations amid Brazil checks

China’s soybean imports rose 14.9% in March on the year, but kept well below analysts’ expectations, weighed down by delayed shipments from Brazil because of tougher inspections to rule out contamination.

Total imports stood at 4.02 million metric tons, up from 3.5 million a year earlier, data from the General Administration of Customs showed on Tuesday.

“March imports were well below our estimate of around 6.4 million metric tons, weighed down by delayed shipments from Brazil due to tightened phytosanitary checks,” said Rosa Wang, an analyst from Shanghai JC Intelligence Co.

“However, arrivals rose 14.9% from a year earlier, supported by a low base, as last year’s volumes were hit by crushers shying away from U.S. soybeans and delays to Brazil’s harvest.”

Trade sources have told Reuters the checks were prompted by Beijing’s repeated findings of pesticide- and fungicide-coated beans among the shipments, besides heat damage and live insects.

Over the period from January to March, soybean arrivals in the world’s biggest buyer totaled 16.58 million tons, down 3.1% from 17.11 million tons a year earlier, the data showed.

Imports are expected to recover in coming months as more U.S. shipments and Brazil’s record crop reach Chinese ports.

“From April to June, soybean arrivals are expected to average above 10 million metric tons per month,” said Liu Jinlu, an agricultural researcher at Guoyuan Futures.

“U.S. soybean planting weather and potential logistical disruptions bear watching, while steady demand from the livestock sector is expected to provide support, suggesting prices may remain range-bound with broad fluctuations.”

Traders await a May summit of U.S. President Donald Trump and Chinese counterpart Xi Jinping for further clues to China’s future demand for American soybeans.

Trade tension delayed Chinese purchases of the U.S. autumn soybean harvest until late October, after the two leaders met to ease ties.

China has imported roughly 12 million metric tons of U.S. soybeans since.

 

Argus Trims Ukraine’s 2026 Wheat Output Estimate on Lower Area

Ukraine’s 2026-27 wheat production is seen at 23.5m tons, down from the previous estimate of 23.9m tons, Argus says in an emailed statement, citing lower planted area.

• The total planted wheat area is seen at 5.1m hectares, down from the previous estimate of 5.2m hectares
• Still, wheat output is seen at the highest level since 2021-22 and above the average for the last four seasons
• Wheat yields seen at 4.6 tons/hectare, up from 4.55 tons/hectare in 2025-26
• Wheat conditions have improved since February thanks to warmer weather and fertilizer applications
• Some 20-30% of farmers failed to secure fertilizer supplies before winter and are now facing strong price increases. Most of those plan to skip fertilization, with a modest impact if the weather stays favorable
  • “Under stress, however, both yields and wheat quality may decline.”

 

Brazil fertilizer use to fall in 2026 versus 2025, Rabobank says

Brazil’s fertilizer consumption is expected to decline in 2026 due to higher costs and farmers’ financial conditions, Rabobank said on Monday.

Rabobank forecasts Brazil will use 47.2 million metric tons of fertilizers in 2026, down from 49.1 million metric tons in 2025.

 

US deputy farm secretary to meet with Mosaic amid high fertilizer prices

U.S. Deputy Secretary of Agriculture Stephen Vaden will meet with fertilizer company Mosaic MOS.N this week, he told journalists on Monday, as the U.S. and Israel’s war on Iran drives up fertilizer prices for farmers already facing a sagging farm economy.

Vaden criticized Mosaic’s announcement last week that it plans to idle two phosphate production facilities in Brazil as part of a cost-saving initiative. The company said the move would reduce its annual phosphate production by about 1 million tonnes.

• “What possible motivation other than further constraining supply, sowing uncertainty and padding their already sufficient profit margins could they possibly have?” Vaden said at a meeting of the North American Agricultural Journalists.
• Vaden has spoken with the Department of Justice and the Federal Trade Commission about fertilizer prices and met with fertilizer company Nutrien NTR.TO a few weeks ago, he said.
• President Donald Trump posted to Truth Social on April 11 that “the United States will not accept price gouging from the fertilizer monopoly” during the war with Iran, after which Mosaic posted to X that fertilizer prices are driven by supply and demand, weather, geopolitical conditions and other factors
• “So disappointed in this response,” Agriculture Secretary Brooke Rollins posted to X on Monday, referring to Mosaic’s post
• Mosaic did not immediately respond to a request for comment

 

El Niño Threatens Indian Monsoon, Raising Crop Output Risks

India is set to witness a below-normal monsoon this year as a likely El Niño weather pattern could reduce rainfall, adding pressure on farmers who are already facing higher input costs following the Middle East conflict.

Cumulative rain between June and September is likely to be 92% of the long-term average, M. Ravichandran, secretary at the Ministry of Earth Sciences, said at a news conference on Monday. The prediction carries a 5% margin of error.

The four-month season brings most of India’s annual precipitation and is vital for replenishing aquifers and supporting farm activity. It helps sustain millions of livelihoods and shapes food prices. This year is especially critical, as weaker rains in one of the world’s major producers of rice, wheat, sugar and cotton could raise irrigation costs just as the war has pushed up energy costs globally.

There is a possibility of El Niño developing during this year’s rainy season, Mrutyunjay Mohapatra, director general of the India Meteorological Department, said at the same event. Its adverse impact is likely to be felt mainly in August and September, he said. The weather phenomenon, triggered by warming waters in the equatorial Pacific, often brings dry conditions to parts of Asia.

Below-average rains are likely in many parts of the country, except in the northeastern, northwestern and southern peninsular regions where normal- to above-normal precipitation is likely to occur, Mohapatra said.

India received higher-than-usual rains over the past two years, after recording 94% of the long-term mean in 2023. A monsoon is considered normal when cumulative precipitation falls between 96% and 104% of the long-term national average, according to the IMD. Last year, India saw its strongest season in five years, with total rainfall 8% above usual levels.

Poor precipitation can lead to drinking water shortages, hit harvests and increase imports of staples such as edible oils. Global food prices are already elevated as the US-Israeli attacks on Iran disrupt shipping through key routes.

Deficient rains may force farmers to rely more heavily on diesel-powered irrigation, lifting fuel demand at a time when the Iran war has already affected energy supplies. Crude oil has surged on supply disruptions and tighter flows through the Strait of Hormuz, a key transit route for Middle East exports.

Earlier this month, private forecaster Skymet Weather Services Pvt. also projected below-normal rains. It forecast rainfall 94% of the average during the monsoon season.

 

 

 

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