Insights and Stories of Peter Hobson

Less rain, more wheat: How Australian farmers defied climate doom

Jul. 29, 2025 at 5:04 pm CDT

Australia's gains in wheat farm productivity have exceeded those in the United States, Canada and Europe and continue to rise while those of other developed markets slow or reverse.

Hind quarters of beef hanging in a cooler.

Trump says US will sell ‘so much’ beef to Australia

Jul. 25, 2025 at 9:46 am CDT

By Kanishka Singh Peter Hobson Reuters

Australia nears breakthrough canola deal with China, sources say

Jul. 16, 2025 at 8:54 am CDT

By Ella Cao Peter Hobson Reuters

Weak Chinese demand leaves Australia with too much wheat

May. 27, 2025 at 10:05 am CDT

By Naveen Thukral Peter Hobson Reuters

China buys Canadian, Australian wheat as heat hits crop, traders say

May. 9, 2025 at 10:32 am CDT

By Gus Trompiz Michael Hogan Peter Hobson Reuters

U.S. grains: Corn, soy, wheat futures sag on renewed U.S. tariff worries

Feb. 7, 2025 at 2:44 pm CST

Chicago Board of Trade corn, soybean and wheat futures weakened on Friday on renewed worries that trade disputes could hurt demand for U.S. farm products, analysts said.

By Gus Trompiz Peter Hobson Reuters Tom Polansek

U.S. grains: Wheat futures jump on Black Sea crop worries, short covering

Feb. 6, 2025 at 3:20 pm CST

Chicago Board of Trade wheat futures climbed to their highest level since October on Thursday as cold weather stoked concerns about potential crop damage in the Black Sea region, analysts said.

By Gus Trompiz Peter Hobson Reuters Tom Polansek

Australia, EU canola prices rally as adverse weather crushes supply

Nov. 26, 2024 at 10:19 am CST

Canola oilseed prices in Australia and Europe have risen by around 20 per cent since the start of March due to tight supply and a rally in vegetable oil markets, with further gains expected as buyers remain reluctant to switch to cheaper soybeans.

By Ed White Peter Hobson Reuters Sybille De La Hamaide

Wheat yields in Western Australia are better than expected, industry body says

Nov. 22, 2024 at 10:40 am CST

Western Australia should produce 420,000 tonnes more wheat this year than was projected a month ago, an industry group said Friday, adding to expectations that Australia's national crop will be larger than pre-harvest estimates.

By Peter Hobson Reuters

Australia cashes in on beef exports as US cattle herd shrinks

Oct. 17, 2024 at 10:54 am CDT

A slump in U.S. beef production has opened the door for Australia to export record amounts of meat, growing its market share in North America and Asia and channelling billions of dollars to cattle processors and farmers.