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Recent Articles

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Canfor Southern Pine will invest US$25M to modernize its Hampton County facility in South Carolina; upgrades include new technology and equipment to help meet growing global demand for its wood products, are expected to be completed by end of 2022

Chicago Board of Trade corn, wheat and soybean futures fall on June 23 on good weather, investor fears of an economic recession, and improving confidence about US crops

Fitch forecasts China's rice production to grow 0.5% in 2021/2022, driven by government efforts to maintain self-sufficiency for staple grains, improve food security; China's rice surplus is decreasing at fast pace amid strong demand from livestock sector

Fitch lowers forecast for China's sugar production growth in 2021/2022 to 1.0% year-over-year as elevated corn prices have incentivized some farmers to switch to corn this season; however, sugar consumption on the rise, driven by popularity of snacks

Citigroup: Global commodity buyers on track to pay producers US$5.2B more in 2022 than in 2019 due to rising prices; increase is equivalent of 5% of global GDP, and such an impact would be on par with what world experienced during oil shock of early 1970s

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