Global Ag News For Jan 9.2026

TOP HEADLINES

Global Food-Price Index Fell in December, Led by Dairy: FAO

Global food prices declined in December, according to an index of food-commodity prices from the United Nations’ Food and Agriculture Organization.

• The FAO food index fell 0.6% from a month earlier, marking a fourth consecutive decline
• Grains index rose
  • Wheat markets were buoyed by renewed concerns over exports from the Black Sea region
  • Corn and rice also gained
• Vegetable oil index fell to a six-month low, with declines for soy, rapeseed and sunflower oils offsetting an increase for palm
• Meat index dropped 1.3%, led by declines for bovine and poultry meat
  • Still, for the entirety of 2025, the meat index averaged 5.1% above its 2024 level, partly on strong global import demand
• Dairy index fell 4.4%, led by a sharp drop in butter prices amid seasonally higher cream availability in Europe
• Sugar index rose 2.4% as production in Brazil’s key southern growing regions dropped sharply

 

FUTURES & WEATHER

Wheat prices overnight are down 2 1/2 in SRW, down 3 1/2 in HRW, down 0 in HRS; Corn is down 1/2; Soybeans up 5; Soymeal up $1.30; Soyoil up 0.26.

For the week so far wheat prices are up 10 1/4 in SRW, up 13 1/2 in HRW, down 0 in HRS; Corn is up 7 1/2; Soybeans up 19 3/4; Soymeal up $8.80; Soyoil up 0.30.

For the month to date wheat prices are up 8 1/2 in SRW, up 12 in HRW, down 0 in HRS; Corn is up 5 1/4; Soybeans up 18 3/4; Soymeal up $5.50; Soyoil up 1.15.

Chinese Ag futures (MAR 26) Soybeans up 2 yuan; Soymeal down 18; Soyoil up 2; Palm oil up 14; Corn up 13 — Malaysian Palm is down 5.

Malaysian palm oil prices overnight were down 5 ringgit (-0.12%) at 4038.

There were changes in registrations (-50 Soybeans, 100 Soyoil, 52 Soymeal). Registration total: 34 SRW Wheat contracts; 120 Oats; 9 Corn; 613 Soybeans; 910 Soyoil; 204 Soymeal; 23 HRW Wheat.

Preliminary changes in futures Open Interest as of January 8 were: SRW Wheat up 429 contracts, HRW Wheat up 3,495, Corn down 2,656, Soybeans up 4,628, Soymeal up 3,982, Soyoil up 3,215.

 

DAILY WEATHER HEADLINES: 08 JANUARY 2026

• NORTH AMERICA: Cold risks will return to the U.S. toward late January, but any winterkill risks will be limited to the Upper Midwest and Northern Plains, minimizing the potential for damage to wheat
• SOUTH AMERICA: Brazil rains through the next couple weeks could be limited to far southern regions, increasing drought risks to corn/soybean development to the north
• EUROPE: A continuing cold snap, including some potential for winterkill temperatures to wheat, will impact Central/Eastern Europe through the next week with the most severe conditions in Poland
• SOUTHEAST ASIA: Dry weather along the Vietnam Central Highlands through the next couple weeks will facilitate the coffee harvest
• TELECONNECTIONS: The Trans-Atlantic Dipole (TAD) has moved into a negative phase event and is likely to remain there for months, which supports better rainfall prospects for Argentina through the rest of the season and for Brazil 2nd crop corn down the line

 

Brazil: Scattered showers in central Brazil were heavy over the last week, but are thinning out to end the week. The recent rain is helpful for soybeans as more and more of the crop is setting pods. That process accelerates throughout January, the most important month for rainfall in the country. But with soil moisture still running very low, the coverage of showers will be more important than normal over the next six weeks or so. Shower coverage may increase with time next week. Southern areas are still in much better shape. A front moving in on Thursday will produce some more beneficial rounds of rainfall into the weekend and may linger over Parana for next week.

Argentina: Rainfall has been running below-normal for a while across southern and central areas while northern areas have had much better coverage and amounts in recent weeks. The same is true with a front moving through over the next two days. Northern areas are getting better rainfall coverage and amounts, where conditions are largely favorable. Heat stress has been minimal so far this season however, allowing the water that is still in the soil more time to be beneficial for developing corn and soybeans across the south. But this is an area to watch for falling crop conditions.

Northern Plains: Temperatures continue to be largely above normal into early next week with little interruption. Some spotty showers may move through on occasion, but the main storm track will bypass the region. Clipper systems will be possible next week, though the track may be to the east. Significant uncertainty exists with regard to temperatures because of this, but there is a threat of cold air returning by late next week.

Central/Southern Plains: Temperatures continue to be above normal, which has reduced winter hardiness for winter wheat. A system is moving through early on Thursday with mostly rain followed by another on Friday, which will have access to some colder air and produce a mix of rain and snow. Temperatures should rise again next week. The shot of colder air is not a harsh one, but areas not covered in snow could see some issues with winterkill in the short-term. There is a much larger long-term risk for when significant cold air inevitably returns, maybe at the end of next week or just after.

Midwest: Temperatures continue above normal for the next few days. A pair of systems will move through over the next few days. The first will be largely rain for Thursday into Friday with some limited northern snow, but the second will have access to some colder air that should bring through a band of snow and a brief burst of lake-effect snow. Temperatures may drop for a day or so, but are forecast to rise again next week. Clipper systems moving through next week will eventually bring back some colder air, but maybe not until the end of the week.

Delta: Water levels along the Mississippi River are low and falling for the next few days. A pair of systems will bring widespread rain Thursday and especially Friday, and should provide a meaningful boost. But this is not a long-term solution to the low water levels and transportation concerns. The setup for that may have to wait until February, but is expected to arrive.

 

The player sheet for 1/8 had funds: net buyers of 1,500 contracts of SRW wheat, buyers of 2,500 corn, buyers of 3,000 soybeans, sellers of 1,500 soymeal, and buyers of 1,500 soyoil.

TENDERS

• SOYBEAN SALE: The U.S. Department of Agriculture confirmed private sales of 132,000 metric tons of U.S. soybeans to China for shipment in the 2025/26 marketing year.
• CORN TENDER: South Korea’s Major Feedmill Group (MFG) has issued an international tender to purchase up to 210,000 metric tons of animal feed corn.
• FEED BARLEY TENDER: Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley.

PENDING TENDERS

• SOYMEAL TENDER: South Korea’s Major Feedmill Group (MFG) has issued an international tender to purchase about 60,000 metric tons of animal feed soymeal
• RICE TENDER: Iranian firm Jahad Sabz Company issued a tender to purchase 10,000 tons of rice sourced from Pakistan, according to a copy of the tender sent to European traders. The deadline for submission of price offers was December 30.
• RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp issued an international tender to purchase an estimated 56,944 tons of rice to be sourced from China.
• RICE TENDER UPDATE: The lowest price offered in a tender from Bangladesh’s state grains buyer to purchase 50,000 tons of rice, which closed on December 22, was estimated at $359.77 a ton CIF liner out.
• WHEAT TENDER: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat sourced from optional origins.

 

 

TODAY

US Sold 877.9K Tons of Soybeans Week of Jan. 1; 390K of Corn

USDA releases net export sales report on website for week ending Jan. 1.

• Corn sales fell to 390k tons vs 756k in previous week
• All wheat sales rose to 109k tons vs 105k in previous week
• Soybean sales fell to 878k tons vs 1,244k in previous week

 

US Export Sales of Pork and Beef for Week Ending Jan. 1

The following shows US export sales of pork and beef product by biggest net buyers for week ending Jan. 1, according to data on the USDA’s website.

• Mexico bought 12.8k tons of the 28.4k tons of pork sold in the week
• South Korea led in beef purchases

 

US CROP EXPORTS: 132,000 Tons of Soybeans to China

The US Department of Agriculture on Thursday announces export sales activity on its website:

The sale is for the 2025-26 marketing year

 

China’s Sinograin to auction 1.1 million tons of soybeans on January 13

China’s state stockpiler Sinograin will auction 1.1 million metric tons of imported soybeans on January 13, the first such auction it has announced this year.

The sale, scheduled for 1:30 p.m. (0530 GMT), will offer soybeans produced between 2022 and 2025, the National Grain Trade Center said in a notice.

 

Ukraine Grain Exports Slumped in December as Strikes Intensified

Wheat exports from Ukraine — one of the world’s major grain exporters — tumbled almost 25% in December as Russia stepped up attacks on the country’s port infrastructure that serves as its main export conduit.

Corn exports also dropped about 13%, according to data from analysts at agri-market intelligence platform CM Navigator. Total grain exports from Ukraine in December fell by 16% year-on-year, according to Ukrainian consultancy UkrAgroConsult.

Although Ukrainian exports had lagged throughout the season, strikes on ports, processing facilities and logistics infrastructure significantly worsened the situation, said Donatas Jankauskas, CM Navigator’s market research analyst.

Russia and Ukraine have been targeting each other’s energy and infrastructure facilities, with attacks intensifying sharply in December.

Ports in Odesa, including Pivdennyi, were hit. A shipping terminal belonging to oilseed company Allseeds was attacked, and about 30 containers loaded with flour and vegetable oil were damaged and caught fire.

“Continued Russian attacks on port and logistics infrastructure, particularly near Odesa, diminished effective loading capacity and led to delays and rescheduling,” Jankauskas said. Exports were also weighed down by lower volumes available for export due to delayed corn harvests and increased competition from other low-priced suppliers, he added.

Ukraine also retaliated with strikes aimed at Russian infrastructure, including the Taman port on the Black Sea that handles oil, liquefied petroleum gas, grains, fertilizers and other cargo.

Attacks on Ukraine’s infrastructure have continued in January. Russia’s targeting of the country’s energy infrastructure causes severe rolling blackouts across the country, disrupting operations at various ports.

Still, the situation has improved recently after grain terminals in Odesa installed additional diesel generators, said Andrey Sizov, managing director of consultancy SovEcon.

 

Argentine Soy, Corn, Wheat Estimates Jan. 8: Exchange

The Buenos Aires Grain Exchange releases weekly report on website.

• 2025-26 soybean and corn planting estimates maintained
• 2025-26 wheat production estimate held at 27.8m tons, with 98.5% of the crop harvested

 

Dry weather hurts Argentine corn crop in key province, exchange says

Argentina’s Buenos Aires Grains Exchange said on Thursday that dry weather since last month has damaged 2025/26 corn crops in western Buenos Aires province, though significant rain is forecast in coming days in the critical agricultural province.

Argentina is the world’s third-largest corn exporter, and the exchange estimates the planted area for the grain at 7.8 million hectares, with a projected harvest of 58 million metric tons.

“The lack of rainfall in recent weeks in northern La Pampa and western Buenos Aires province is already impacting crops,” the exchange said Thursday in its weekly agriculture report.

On Wednesday, nonetheless, the exchange indicated that widespread rainfall is expected in Argentine agricultural areas in the coming days, with the western agricultural frontier receiving between 50 and 100 millimeters of precipitation.

The rainfall will also benefit 2025/26 soybeans, as early-planted fields in Argentina are already going through crucial yield development stages, the report noted.

According to the grains exchange, farmers have already planted 88.3% of the 17.6 million hectares estimated for soybeans, with a projected production of 48.5 million tons.

 

Russian Ports Load Wheat Destined for Turkey, Egypt and Sudan

Vessels have also been loaded during the past week with wheat for Tunisia and Kenya, according to data compiled by analytical platform Logistic OS.

 

US Miss. River Grain Shipments Fall, Barge Rates Increase: USDA

Barge shipments down the Mississippi river declined to 404k tons in the week ending Dec. 27 from 504k tons the previous week, according to the USDA’s weekly grain transportation report.

• Barge shipments of corn fell 14% from the previous week
• Soybean shipments down 26.5% w/w
• St. Louis barge rates were $19.95 per short ton, an increase of $0.08 from the previous week

 

Brazil 2025 eggs exports soar on strong US demand

Brazilian egg exports, including fresh and processed, hit a record 40,894 metric tons in 2025 on strong U.S. demand, according to data compiled by the Brazilian Association of Animal Protein (ABPA) on Thursday.

The figure represents a 121.4% rise from 2024, when 18,469 tons were shipped. Brazilian egg exporters generated a record $97.2 million in revenue last year, 147.5% more than in 2024, the data also showed.

The United States was Brazil’s biggest egg buyer last year, totaling 19,597 tons in purchases, a nearly 827% rise over 2024 totals. However, Washington’s tariffs on a range of Brazilian products, effective from last August, reduced shipments, ABPA said.

“The year was marked by strong growth in exports to the United States, a trend that slowed down after the imposition of tariffs,” Ricardo Santin, head of ABPA, said in a statement.

He said the tariffs led Brazilian companies to divert sales to new destinations, naming Japan specifically, where shipments gathered pace in the last months of the year. Other large importers of Brazilian eggs included Chile, Mexico, and the United Arab Emirates, ABPA said.

The group also said Brazilian egg exports exceeded the equivalent of 1% of domestic production, calling it a significant milestone for the sector.

 

 

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