U.S. farm exports to shrink by 12 percent over three years, says USDA
A global economic slowdown will combine with inflation, higher interest rates, and the strong dollar to erode U.S. food and agriculture exports by 12 percent through fiscal 2026, projected the USDA on Wednesday.
Biden says starvation will rise as Russia ends grain export deal
UN and European leaders called on Russia on Sunday to revive the international agreement for grain exports from Ukraine, calling it crucial for stabilizing grain prices and keeping food flowing to tens of millions of people.
U.S. survey indicates corn and soy crops will be smaller than expected
U.S. farmers will plant less corn and soybean land than expected this year, despite a surge in commodity prices, suggesting that tighter grain supplies will persist into 2022, said the USDA on Wednesday. Although with normal weather and yields, the corn and soybean harvests could be the second largest ever, they will not be quite as large as projected by traders and the government.
Frigid weather hits meat plants, ports, citrus, and livestock
Snow and bitter cold damaged the citrus crop in Texas, slowed meat production in the Plains, and threatened to snarl grain exports through the Gulf of Mexico. Some traders have claimed force majeure because of ice and cold weather in Houston and New Orleans, reported AgriCensus
Congress sends grain standards bill to Trump
The House gave final congressional approval to the Grain Standards Reauthorization Act on a voice vote on Wednesday and sent the bill to the White House for President Trump's signature.
Ten days in a row for soybean sales to China
Exporters sold nearly 2.7 million tonnes of U.S. soybeans in the first half of this month for delivery to China, said the USDA on Thursday. A "significant" sale was reported on each of the 10 business days beginning on Sept. 3, said the Foreign Agricultural Service.
China is an ag trade cheater, says chief U.S. negotiator
With President Trump ready to impose trade sanctions on China for hijacking U.S. technology, his chief agricultural negotiator told a farm conference that the administration is defending agriculture, too.
Russia is back as No. 1 wheat exporter
The United States rebounded to its longtime spot as the world’s largest wheat exporter last year, but Russia will be No. 1 by a long shot in the 2017/18 marketing year, says the monthly Grain: World Markets and Trade report.
U.S. files second WTO complaint against China grain aid
U.S. farmers lost as much as $3.5 billion in corn, wheat and rice sales to China last year because the world's most populous nation used its tariff system to unfairly limit imports, the Obama administration said in a complaint to the World Trade Organization. Separately, the U.S. asked WTO to appoint a dispute panel to investigate its complaint of excessive Chinese subsidies of corn, wheat and rice.
U.S. grain exports to expand in coming months, says ADM
The mammoth U.S. grain harvest and reduced competition from South America will set the stage for a rapid increase in exports over the next six months, the chief executive of ADM told analysts. Agrimoney quoted ADM leader Juan Luciano as saying, "Demand continues to be strong and the United States is competitive now for the future months."