{"id":24061,"date":"2026-01-06T09:45:19","date_gmt":"2026-01-06T09:45:19","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=24061"},"modified":"2026-01-06T09:54:24","modified_gmt":"2026-01-06T09:54:24","slug":"with-president-gone-venezuela-stokes-international-grain-price-rally","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/06\/with-president-gone-venezuela-stokes-international-grain-price-rally\/","title":{"rendered":"With president gone, Venezuela stokes international grain price rally"},"content":{"rendered":"\n

Oil prominence in Venezuela has indirectly raised international grain prices<\/u><\/a> days after the United States ousted President Nicol\u00e1s Maduro on January 3. Maduro has since then pleaded not guilty for drug import charges at a New York court on January 5, 2026.<\/p>\n\n\n\n

Right after the ouster, oil gained a little after lackluster months amid expectations of a trade crisis for the oil-rich country.<\/p>\n\n\n\n

West Texas Intermediate crude for February 2026 delivery edged up US\u00a26 to $57.38\/barrel at the NY Mercantile Exchange. <\/p>\n\n\n\n

As a result, grain futures in New York rode a wave of possibilities that biofuel cereals could fill Venezuela-origin crude gap.<\/p>\n\n\n\n

Corn for March delivery rose by US\u00a20.5 day-on-day to $4.38 a bushel while soy for March improved by US\u00a25.25, to $10.51 a bushel.<\/p>\n\n\n\n

March soft red wheat also improved by US\u00a21.5 daily to $5.08, same as hard red winter by US\u00a22, to $5.17. <\/p>\n\n\n\n

Crude Affects International Biofuels & Grain Rates<\/strong><\/h3>\n\n\n\n

Unexpected geopolitical changes in crude trade affect international biofuel rates and in turn grain as the chief raw material.<\/p>\n\n\n\n

Although Venezuela produces just 1 million barrels of crude daily, it has huge untapped reserves at 303 billion barrels, per ProFarmer<\/u><\/a>. <\/p>\n\n\n\n

President Donald Trump has asserted interest to boost production in the Latin American country and sell the oil to \u201cglobal customers.\u201d This has stoked fears that current biofuel price highs could only be short-lived. <\/p>\n\n\n\n

The comeback of Venezuela\u2019s crude to a currently well-supplied world would indicate less demand for biofuels. <\/p>\n\n\n\n

Meantime, the cut supplies keep grain futures strong until such a time when law and order help return trade to normal.<\/p>\n\n\n\n

According to the New York Times, people were\u00a0rushing to buy food<\/u><\/a>\u00a0and other emergency supplies at supermarkets of the capital Caracas. As such, the grain sector of Venezuela forms the focus of the following stats.<\/p>\n\n\n\n

Venezuela Grain <\/strong>Statistics <\/strong><\/strong><\/h2>\n\n\n\n

Venezuela is a key producer of corn and rice in Latin America but still imports both cereals in diverse amounts. The U.S. Department of Agriculture (USDA<\/u><\/a>) puts corn production at par with imports: 1.26 million tonnes (production) and 1.15 million tonnes (imports) for 2025-26. The total consumption of the grain in the country is estimated at 2.8 million tonnes for 2025-26. <\/p>\n\n\n\n

All rice production on the other hand averaged 685,000 tonnes in 2025, versus 350,000 tonnes in imports. This is according to the the USDA\u2019s projection in September 2025.\u00a0<\/p>\n\n\n\n

Wheat is the odd grain for it enjoys virtually no home production, with Venezuela relying on imports. A July 2025 estimate by the USDA put 2025-26 imports at 1.5 million tonnes<\/u><\/a>.<\/p>\n\n\n\n

Historic cereal production details are per the below data courtesy of the FAOSTAT<\/u><\/a>:<\/p>\n\n\n\n

Year<\/strong><\/td> <\/strong>Corn [tonnes]<\/strong><\/td>Rice [tonnes]<\/strong><\/strong><\/td><\/tr>
2023<\/td>2,759,286<\/td>618,625<\/td><\/tr>
2022<\/td>2,601,191<\/td>610,975<\/td><\/tr>
2021<\/td>2,633,976<\/td>593,932<\/td><\/tr><\/tbody><\/table>
Fig: Corn and rice production in Venezuela, 2021-23<\/em><\/figcaption><\/figure>\n\n\n\n

How much do key grains cost in Venezuela?<\/strong><\/strong><\/p>\n\n\n\n

Rice retail in Venezuela averages\u00a0US$1.65<\/u><\/a>\u00a0a kg while yellow corn US<\/em>$440 a tonne as of 2025, according to the USDA. White maize costs more than its yellow equivalent at US$480 a tonne (2025). Some of the chaff from rice and corn go into the animal feed sector.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prominence in Venezuela has indirectly raised international grain prices days after the United States ousted President Nicol\u00e1s Maduro on January 3. Maduro has since then pleaded not guilty for drug import charges at a New York court on January 5, 2026. Right after the ouster, oil gained a little after lackluster months amid expectations of a…<\/p>\n","protected":false},"author":3,"featured_media":24063,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nWith president gone, Venezuela stokes international grain price rally - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/06\/with-president-gone-venezuela-stokes-international-grain-price-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With president gone, Venezuela stokes international grain price rally - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"Oil prominence in Venezuela has indirectly raised international grain prices days after the United States ousted President Nicol\u00e1s Maduro on January 3. 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