Chairman of the Russian Grain Union: Frost affects 15% to 30% of winter grains depending on the region.

According to the data from the Buenos Aires Grain Exchange on May 24th, the soybean harvest completion rate in Argentina is 77.9%, and the corn harvest completion rate is 28.2%. The current soybean production estimate for this planting season in Argentina is 50.5 million tons, which is consistent with the previous estimate. The current corn production estimate for this planting season is 46.5 million tons, which is also consistent with the previous estimate.

On May 17th, according to sources, there was a drone attack in Novorossiysk, a Russian Black Sea port. The Importpischeprom oil products terminal and the Sheskharis oil port were hit. The port was closed shortly after the attack, but later resumed the oil shipments from Sheskharis oil port and the fuel oil terminal. The shipments from Importpischeprom oil products terminal are still suspended. Novorossiysk is the largest port in Russia's Black Sea region and serves as a major outlet for the export and transportation of crude oil and petroleum products in southern Russia. The port also handles grain, coal, mineral fertilizers, timber, containers, food, and chemical cargo. The Ministry of Energy of Kazakhstan stated on Friday that the facilities of the Caspian Pipeline Consortium (CPC) are operating normally. The CPC is responsible for exporting oil produced in Kazakhstan via the Black Sea. Earlier, the Russian port city of Novorossiysk was targeted in a drone attack during the night.

On May 9, the Information Office of the State Council held a series of press conferences on the theme of "Promoting High-quality Development", focusing on "cultivating new kinetic energy, shaping new advantages, and striving to be the first in the rise of the central region in the new era", and answered questions from reporters. Wang Kai, deputy secretary of the Henan Provincial Party Committee and governor, said that by 2025, it is certain that the grain production capacity will increase by 10 billion catties to 140 billion catties.

Golden Ten Data on May 6, the reporter learned from the State Administration of Financial Supervision and Administration today that as of the end of the first quarter, the balance of agriculture-related loans in the country totaled 60.19 trillion yuan, an rise of 13.5% year-on-year, an rise of 6.6% from the beginning of the year. Among them, the balance of loans for key areas of grain was 4.14 trillion yuan, an rise of 21.46 percent year-on-year, the balance of loans for agriculture, forestry, animal husbandry and fishery was 6.33 trillion yuan, an rise of 14.7 percent year-on-year, the balance of loans for rural infrastructure construction was 10.83 trillion yuan, an rise of 11.9 percent year-on-year, the balance of loans for farmland capital construction was 534.3 billion yuan, rise 29.8 percent year-on-year, the balance of loans for agricultural science and technology was 116.6 billion yuan, rise 16.7 percent year-on-year, and the balance of loans to rural households was 17.72 trillion yuan, rise 11.6 percent year-on-year.

金十数数据May 5 日讯,Hong Kong 特区政财正司长陈Maobo said today that Hong Kong 经济保持增长势头。 In the first quarter of the year, Hong Kong 生产总值按年实质增长2.7%,连续五个quarter增长,经季节性调整后按季增长速度also accelerated to 2.3%. He pointed out that the atmosphere in Hong Kong's market has also improved, Hong Kong stocks have risen by 9 square meters, the Hang Seng Index has risen by nearly 14%, and the average daily trading volume has exceeded 1280 Hong Kong dollars. After the withdrawal of the "spicy moves" in Hong Kong, the transaction was completed, and the company also returned to the grain. Hong Kong in the first quarter of this year 经济增长的动力,其中一个主要部分来自访港旅旅。 随着访港旅客数量进一步rise,服务输出继续录得显有增幅。 During this year's May Day holiday, nearly 65 visitors arrived in the first three days, an increase of 25% over the first three days of last year's Golden Week. 外部需求较预期理想,也支持整体货物出口今年首几个月有所有所改善。

1. Iraq and Kazakhstan have submitted plans for compensatory oil production cuts. 2. G7 energy ministers will work to gradually reduce gas imports from Russia. 3. Government of India: Reduced the windfall tax on crude oil from Rs 9,600 per tonne to Rs 8,400 per tonne with effect from May 1. 4. OPEC crude oil production fell by 50,000 b/d to 26.81 million b/d in April, and output remained stable, and the new production cut plan has not yet been completed. 5. Venezuelan President: Venezuela lost more than $2 billion in the first four months of this year due to renewed U.S. sanctions on the oil industry. 6. Bets that sticky inflation will keep raw material demand strong, with investors pouring into broad commodity ETF at their highest level in two long years. 7. Argentine industry officials: Argentine grain ports affected for the second day in a row due to strikes.

Golden ten data on April 30, the China Meteorological Administration held a press conference in May, Zhang Jiancheng, deputy director of the National Meteorological Center, said that according to the current situation, the overall situation this year is conducive to the crop summer grain industry, rape may have suffered frost damage in the early stage, but the impact of weather conditions in the later period is still relatively good, from the current growth point of view, the impact of frost damage is relatively small. It is expected that in the next 10 days, heavy precipitation and strong convective weather will occur longest in Jiangnan, Sichuan Basin and Guizhou, which will be unfavorable to the harvesting and play people for suckers of mature rapeseed, and will easily cause local rape and winter wheat lodging, increasing the difficulty of late harvesting; in mid-May, the risk of continuous rain in most parts of Sichuan Basin and Guizhou is low, which is conducive to the concentrated harvesting of winter wheat. In late May, southern Jiangsu, southern Anhui, southeastern Hubei, and Jiangxi have a high risk of continuous rain and waterlogging of low-lying farmland. In May, the eastern part of North China, the eastern part of Huanghuai and the northern part of Henan Province may have "hot and dry wind" weather, and it is necessary to do a good job of "one spray and three preventions" to prevent the harm of hot and dry wind; the western part of Shanxi and Guanzhong in Shaanxi Province have a high risk of continuous rain and waterlogging in wheat fields in late May, which is not conducive to wheat grain filling.

On April 29th, Jinshi Data reported that recently, the Communist Party of China Henan Provincial Committee and the People's Government of Henan Province issued an implementation opinion on learning from and applying the experience of the "Thousand Villages Demonstration, Ten Thousand Villages Improvement" project, which effectively promotes the comprehensive revitalization of rural areas. It is required to do a good job in the "agriculture, rural areas, and farmers" work in the province in 2024 and the future period, ensuring food security, preventing large-scale poverty reoccurrence, and accelerating the construction of a strong agricultural province. The implementation opinion requires making every effort to ensure food production. Resolutely shoulder the heavy responsibility of food security, ensure that the area of ​​grain sowing is stable at over 160 million mu, and the grain output is stable at over 130 billion catties, and build the "Henan Standard" system for the construction of high-standard farmland. By 2024, 4.5 million mu of high-standard farmland demonstration zones will be newly built.

On April 27th, Jin10 Data reported that on the morning of April 26th, Yu Jianhua, the Director-General of the General Administration of Customs, met with Janusz Wojciechowski, European Commissioner for Agriculture. The two sides exchanged views on deepening China-EU customs inspection and quarantine cooperation and promoting the healthy development of China-EU agricultural food trade. Yu Jianhua welcomed the visit of Janusz Wojciechowski and his delegation to the General Administration of Customs and emphasized that under the strategic guidance of the leaders of China and Europe, the economic and trade cooperation between the two sides is steadily developing. China is the largest developing country in the world, and the EU is the largest alliance of developed countries in the world. Both sides are among the largest producers, consumers, and traders of agricultural food products. They have common interests and responsibilities in ensuring food safety and the hygiene of consumer goods and grain products. It is necessary to strengthen technical cooperation, safeguard the bottom line of food safety, and on this premise, China is willing to import more high-quality agricultural food products from the EU.

On April 27, Muyuan Stock mentioned in a media communication event that, against the backdrop of a high decline in grain prices, the company's breeding costs have continued to decrease. The target cost for the whole year of 2024 will be reduced to 14.5 yuan/kg, and it is expected to reach below 14 yuan/kg by the end of the year. Muyuan believes that the pig breeding industry has already passed the most difficult stage, and the current industry stock of mother pigs has decreased to the green zone. The industry prices will continue to recover in the future.

CRV rose 20%, but it is likely that whale entities are behind the scenes CRV’s recent moves go against the grain as it has seen some sharp bullish momentum during a period when the industry’s largest coins like Bitcoin and Ethereum have struggled. With the latest uptrend, the price of Curve DAO token has risen above $0.52. CRV has gained more than 20% over the past week, making it the best-performing token among the top 100 cryptocurrencies by market capitalization. Its performance was also far ahead as many assets were in the red during this period. During its sharp rise a few days ago, the asset briefly breached the $0.56 level, but quickly returned to current levels. CRV has since traded sideways, indicating some moderation in buying pressure. While the asset continues to hold at current levels, some investors may be getting restless, like a certain whale. According to data, large-scale CRV transfers were discovered on the Ethereum blockchain in the past day. The transaction involved the transfer of approximately 33.3 million CRV, worth approximately $17.3 million when transferred on the network. Given the sheer scale of this move, it's likely that a whale entity was behind it. As for what the giant holder might be trying to accomplish with the transfer, full details might reveal some context. The sending address in this transaction appears to be an unknown wallet, meaning it is not connected to any known centralized platform and is most likely the whale’s personal self-hosted wallet. If this is indeed whales losing patience and taking profits at current price levels, the Curve DAO token may see at least a temporary pullback in the coming days. (Data source: Hououin Kyouma)