Global Ag News For Jan 27.2026

TOP HEADLINES

Brazil’s Kepler Weber to install corn storage and processing facility in Venezuela

Brazilian grains silo maker Kepler Weber KEPL3.SA said on Monday it plans to install a corn storage and processing facility in Venezuela, confirming a media report, according to a securities filing.

The company made the announcement following a request from Brazil’s securities regulator over a report published last week in local newspaper Globo Rural about the firm’s plans.

Kepler Weber said it did not previously announce the move because it falls within the ordinary course of the company’s business and does not impact its economic and financial conditions.

 

FUTURES & WEATHER

Wheat prices overnight are unchanged in SRW, down 1 in HRW, down 0 in HRS; Corn is up 3/4; Soybeans up 1 3/4; Soymeal down $0.40; Soyoil up 0.22.

For the week so far wheat prices are down 8 3/4 in SRW, down 12 1/4 in HRW, down 0 in HRS; Corn is down 1 3/4; Soybeans down 4 1/2; Soymeal down $6.60; Soyoil up 0.23.

For the month to date wheat prices are up 15 1/2 in SRW, up 14 in HRW, down 0 in HRS; Corn is down 11 1/4; Soybeans up 16; Soymeal down $5.50; Soyoil up 5.55.

Chinese Ag futures (MAR 26) Soybeans down 44 yuan; Soymeal unchanged; Soyoil up 34; Palm oil up 136; Corn down 15 — Malaysian Palm is up 33.

Malaysian palm oil prices overnight were up 33 ringgit (+0.78%) at 4258.

There were no changes in registrations. Registration total: 34 SRW Wheat contracts; 120 Oats; 9 Corn; 446 Soybeans; 910 Soyoil; 163 Soymeal; 23 HRW Wheat.

Preliminary changes in futures Open Interest as of January 26 were: SRW Wheat up 695 contracts, HRW Wheat down 7,313, Corn down 2,400, Soybeans up 4,726, Soymeal down 5,143, Soyoil up 2,907.

 

WIDESPREAD SOUTH AMERICA RAINS INTO EARLY FEBRUARY WILL BE FAVORABLE FOR MOST CROPS

• Weather Anomaly Severity: Moderate (localized Argentina flooding)
• Crops impacted: corn, soybeans, coffee, sugar
• Preferred model for the next 5 days: EC Op
• Preferred model for the 6-15 day timeframe: EC AIFS (warmer for South Brazil)
• Forecast confidence: High through 10 days, lower after that with uncertainty about Argentina weather pattern.
• Model Change (from previous update): Drier for Southeast Brazil, wetter to the south.

 

Brazil – Rio Grande do Sul and Parana: Mostly dry through Tuesday. Isolated showers Wednesday-Friday. Temperatures above normal Monday-Wednesday, near normal Thursday-Friday.

Brazil – Mato Grosso, MGDS and southern Goias: Scattered showers through Friday. Temperatures near normal through Friday.

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

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

Northern Plains: Harsh cold air will be replaced by warmth throughout the week and warmer temperatures are forecast for this weekend and next week. A few clipper systems will move through, but precipitation will be rather limited overall. There may be some sneaky moderate snow on Thursday, however.

Central/Southern Plains: A massive winter storm left a trail of ice and snow across most of the region this weekend. Extremely cold air is left in the region as well. Temperatures will slowly rise this week, but areas with heavy snow cover will take a while, which may take until next week. Some wheat areas with heavy snow cover should have some protection from the cold while other areas will see some damage. The cold will stress cattle for a while longer yet, though.

Midwest: Extremely cold air settled over the region this weekend and a major winter storm brought heavy snow to the southern half as well. While the harshest cold should leave on Monday, clippers will continue to bring reinforcements of cold air throughout the week. Warmer temperatures are forecast to move in next week, but will take longer over areas with heavier snow cover.

Delta: A major winter storm pushed through the region over the weekend. Though there are issues with infrastructure, the precipitation will give a boost to local rivers. Extremely cold air in the region could lead to issues with ice jams on local rivers this week, however.

 

The player sheet for 1/26 had funds: net sellers of 4,500 contracts of SRW wheat, sellers of 1,500 corn, sellers of 3,000 soybeans, sellers of 4,500 soymeal, and sellers of 2,500 soyoil.

PENDING TENDERS

• WHEAT TENDER: Jordan’s state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat that can be sourced from optional origins, European traders said. The deadline for submission of price offers is January 27.
• BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said. The deadline for submission of price offers in the tender is January 28.

 

 

 

 

TODAY

US Inspected 1.51m Tons of Corn for Export, 1.324m of Soybeans

In week ending Jan. 22, according to the USDA’s weekly inspections report.

• Wheat: 351k tons vs 398k the previous wk, 485k a yr ago
• Corn: 1,510k tons vs 1,486k the previous wk, 1,251k a yr ago
• Soybeans: 1,324k tons vs 1,345k the previous wk, 738k a yr ago

 

US Corn, Soybean, Wheat Inspections by Country: Jan. 22

Following is a summary of USDA inspections for week ending Jan. 22 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 897k tons of the 1.32m total inspected
• Mexico was the top destination for corn inspections, Korea Rep led in wheat

 

Brazil 2025/26 Soy Harvest 4.9% Done as of Jan. 22: AgRural

Compares with 2% a week earlier and 3.9% a year before, consultancy firm AgRural says in emailed report.

• Soy output is seen at 181m tons in 2025/26 season, an increase of 600m tons over the estimate released in Dec.
• Winter corn seeding is at 4.7% in the Center-South region, compared to 1.1% a week before and 2.2% in the same period last year
• 2025/26 corn harvest is 5% complete in the Center-South, versus 1.6% a week earlier and 8.6% a year before
  • Total 2025/26 Brazil corn output is seen at 136.6m tons

 

China buys more Canadian canola after Mark Carney visit

• Chinese Canadian canola buys set to alleviate supply shortage
• Australian farmers had hoped to increase shipments

SINGAPORE/BEIJING, Jan 27 (Reuters) – Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney’s visit to Beijing earlier this month, two trade sources told Reuters, easing supply tightness and potentially displacing Australian exports.

Canadian canola is expected to be shipped between February and April, two traders with direct knowledge of the deals said. Each cargo is of around 65,000 metric tons. The traders asked not to be named because they were not authorised to speak publicly on the issue.

During Carney’s visit to Beijing, China and Canada reached an initial trade deal that would cut tariffs on Chinese electric vehicles in exchange for lower levies on Canadian canola.

Canola, or rapeseed, is crushed to produce cooking oil and other products. The protein-rich meal left behind in the crushing process is used as livestock feed.

CHINA’S CANOLA CRUSHING INDUSTRY CAME TO A HALT

China imposed preliminary anti-dumping duties on Canadian canola in August last year. It then resumed purchases of Australian canola that were halted after it imposed biosecurity curbs that derailed trade in 2020.

State-owned COFCO bought about 500,000 tons of Australian canola in recent months, raising the hopes of Australian farmers that more purchases would follow.

The two Australian cargoes that have reached China have yet to be processed, leaving China’s vast canola crushing industry at a halt for the first time in years. A trader at an international agricultural company speaking on condition of anonymity said it was unclear what was happening to the Australian canola.

 

China Turns to Cheaper Brazil Soybeans After Meeting US Pledge

China, the world’s largest soybean importer, has ramped up orders for Brazilian cargoes of the oilseed after meeting an initial shipment volume from the US as part of a trade truce with Washington.

In the past week, importers have booked at least 25 cargoes of the beans for loading mainly in March and April, driven by margins, according to traders with knowledge of the deals. At the same time, state-owned companies have appeared to refrain from taking US cargoes, said the people, who declined to be named as they were not authorized to talk to the media.

Soybeans emerged as a key point of contention in US-China trade relations, with Beijing initially shunning American cargoes as their ties soured, before agreeing to take shipments as part of a wider rapprochement. China has purchased about 12 million tons of US soybeans in the last three months, meeting a commitment outlined by the Trump administration in November.

“It makes complete sense to step up purchases of Brazilian soybeans after meeting the US pledge,” said Meng Zhangyu, an analyst at Wuchan Zhongda Futures Co. “Brazilian supplies are much cheaper.”

US soybeans delivered to China on a cost-and-freight basis are at steep premium over comparable Brazilian beans for February, according to the traders. That means crushing them would incur heavy losses, they said.

Read More: China Soy Deal Lifts US Farmers But Spotlights Trade Limitations

Over the longer term, the US said China has committed to buying at least 25 million tons of US soybeans annually through 2028, and the nation may come back for more American cargoes later this year.

“As long as the agreed trade-deal framework reached between China and the US gets implemented smoothly, China should be able to carry out the agreement and continue to buy US soybeans,” said Hanver Li, chief analyst at Shanghai JC Intelligence Co., a China-based commodity consultancy.

“Even if this means sacrificing some economic interests, China can meet its targets for the next three years,” through measures like managing reserves, Li added.

Beijing has not confirmed the soybean target, but it has reduced tariffs and lifted import bans on three American exporters. Still, US shipments still face levies of about 13%, according to traders, and a further reduction may be needed for private crushers to join the next possible wave of US bean-buying.

 

Russia Exported 41m Tons of Wheat in 2025: IFX Cites Minister

Russia exported 50m tons of grain last year, Russian Agriculture Minister Oksana Lut says, according to Interfax.

• Grain harvest in Russia in 2025 amounted to about 140m tons, including 91m tons of wheat
• Russia’s 2026 grain export potential is 55m tons

 

Russia’s Delo Sees Oman as Promising Grain Hub for Africa: Tass

(Bloomberg) — Russian ports operator Delo Group considers creating of a grain transshipment hub in Oman to serve African markets, Delo’s chairman Sergey Shishkarev says, according to Tass.

• Calls Oman a highly promising jurisdiction
• Grain hub in Oman could handle transshipment, possible processing, and trading operations with primary focus on trade with countries along the eastern coast of Africa, consumers of Russian grain

 

WHEAT/CEPEA: Trades in both domestic and international markets move at a slow pace

Cepea, 26 – The wheat market has been moving at a slow pace in this late January. Producers continue focused on the summer crop harvesting and on the planting of the second crop, while purchasers only close deals to replenish inventories. As for international trades, both exports and imports are lower than those registered in January/25.

In general, sellers close trades according to the need to make cash flow and/or open room in warehouses. In regard of the demand, players claim to be supplied.

Between January 16 and 23, in the wholesale market, prices rose 1.87% in Paraná, but downed 0.42% in Rio Grande do Sul, 0.76% in São Paulo and 3.48% in Santa Catarina. Prices paid to wheat farmers increased 0.17% in Rio Grande do Sul, but dropped 0.61% in SC and 0.12% in Paraná.

In January (up to Jan. 23), the monthly average of wheat prices in Paraná was BRL 1,180.07 per ton, downing 0.3% against December/25 and 15.1% in relation to that in January/25, in real terms (IGP-DI). In Rio Grande do Sul, the average was BRL 1,049.04/ton, 1.2% up in one month but -16.2% in one year. In São Paulo, prices averaged BRL 1.259.90/ton, +0.6% but -19.7% in the same comparisons. As for Santa Catarina, the average was BRL 1,168.32/ton in January, downing 0.8% compared to December/25 and 17.6% against that in January/25.

According to data from Secex, Brazil imported 293.88 thousand tons of wheat up to the third week of January – in January/25, the total was at 717.03 thousand tons. Exports, in turn, have amounted 172.48 thousand tons in 11 producing days, against 551.67 thousand tons in the entire same month last year.

 

Kazakhstan to boost corn plantings in northern regions

Jan 27- Kazakhstan plans to significantly expand areas under corn in the northern regions to ensure its supply to processing plants in the south of the country, the Agriculture Ministry told Interfax-Kazakhstan. The ministry said the expansion is needed to supply feedstock to Fufeng Group industrial park in Zhambyl region and KazKrakhmal LLP- owned starch…

ASTANA. Jan 27 (Interfax-Kazakhstan) – Kazakhstan plans to significantly expand areas under corn in the northern regions to ensure its supply to processing plants in the south of the country, the Agriculture Ministry told Interfax-Kazakhstan.

The government has instructed that corn plantings in Akmola, North Kazakhstan and Kostanay regions be increased by an average of 15,000 hectares each.

Corn areas currently stand at about 1,300 hectares in Akmola region, 3,600 hectares in Kostanay region and 2,800 hectares in North Kazakhstan region.

The ministry said the expansion is needed to supply feedstock to Fufeng Group industrial park in Zhambyl region and KazKrakhmal LLP-owned starch syrup plant in Turkestan region, as southern regions cannot fully meet demand for feedstock.

To support the northern regions, the National Agricultural Research and Education Center and the Crop Variety Testing Commission will provide methodological and technological assistance in selecting varieties and introducing adapted cultivation technologies.

As reported, Chinese corn processor Fufeng Group began construction of an industrial park in Kazakhstan’s Zhambyl region in 2025. The $800 million project will have a design processing capacity of 1 million tonnes of corn a year and is expected to become one of the largest in the country’s agro-industrial sector.

KazKrakhmal LLP is building a corn processing plant in Turkestan region with capacity to process 150,000 tonnes of corn grain a year. The project cost is 31 billion tenge.

As part of crop diversification, Kazakhstan’s plantings are expected to increase by 42,900 hectares in 2026 to 217,500 hectares.

The official exchange rate on January 27 is 501.79 tenge per $1.

 

China pledges policy support for beef and dairy sectors

China’s agriculture ministry vowed to speed up measures to help the beef and dairy sectors stabilise production capacity, according to a meeting readout released on Monday, as the industries grapple with a supply glut.

Supportive policies have helped the beef cattle farming industry return to profit and narrowed losses in the dairy cattle sector, but stabilising production remained an arduous task, the ministry said.

The ministry also vowed to help the sectors receive more credit support.

 

Biofuels firm Ecoceres running new Malaysia plant at near full capacity, CEO says

Ecoceres’ new plant in Malaysia that turns used cooking oil into sustainable aviation fuel is running at near-full capacity, the biofuel producer’s CEO said on Monday.

The plant, Malaysia’s first for SAF, is situated at Tanjung Langsat in Johor Bahru near Singapore’s border and can produce up to 420,000 metric tons per year of SAF, hydrotreated vegetable oil – also known as renewable diesel – as well as bio-naphtha.

The plant is running at around 95% of its nameplate capacity, Ecoceres CEO Matti Lievonen said at an inauguration event for the plant, which opened in October.

Ecoceres, jointly controlled by Hong Kong’s city gas company Towngas and U.S.-based Bain Capital, exported its first SAF cargo from the plant in December, to Europe, which Lievonen said accounted for the major part of demand.

It also has an eye on Asia as countries such as Singapore, South Korea and Japan start rolling out mandates for the green aviation fuel. Malaysia itself is exploring a possible 1% SAF blending mandate.

Ecoceres, which has operated a separate biofuel plant in east China since 2021, now directly supplies airlines such as Air New Zealand, Qantas, Air France and Lufthansa rather than going through traders, Lievonen said.

Feedstock has mostly been procured from China, Malaysia and elsewhere in Southeast Asia, he added.

Ecoceres’ Zhangjiagang plant, which can produce up to 350,000 tpy of SAF and HVO, won government export quotas last year as China began regulating its nascent SAF market, Lievonen said.

Ecoceres is making plans for a third plant, he added, without saying where it would be located.

 

 

 

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