Value of U.S. corn, soy, and wheat crops slips
The farm-gate value of this year's U.S. corn, soybean, and wheat crops would be nearly 8 percent lower than the 2023 crops due to the continuing decline in commodity prices, according to USDA estimates of season-average prices.
U.S. farmers lean into soy but pull back on corn and wheat in 2024
Farmers are expected to plant an estimated 86.5 million acres of soybeans this year, up 3 percent from last year, and dial back their corn acreage by 5 percent and their wheat acreage by 4 percent, according to the USDA’s annual Prospective Plantings report, released Thursday.
India draws down wheat stockpile to fight food inflation
India's government-owned wheat stockpile was forecast to fall to its lowest level in 15 years as the result of the effort to squelch food inflation, said USDA analysts.
Drought eases and growers plant more winter wheat
Growers are expected to sow the largest amount of U.S. land to winter wheat in nine years, encouraged by strong market prices, in part a result of warfare in Ukraine, and forecasts of better growing conditions in the drought-hit central and southern Plains. Winter wheat accounts for roughly seven of every 10 bushels of wheat harvested in the nation.
Ukraine grain exports to suffer as Russia blockades Black Sea
The United States will work with allies to find new ways to get Ukrainian grain onto the world market following Russia's decision to effectively blockade its ports again, said an administration spokesman on Monday. Nonetheless, exports from Ukraine, a leading supplier of wheat, corn, and sunflower oil, are sure to decline with the demise of the year-old Black Sea grain agreement, he said.
Hot, dry, windy events on the rise in Kansas wheat fields
It’s been a record-breaking year for hot, dry, windy (HDW) events in the Midwest, with Kansas — the nation’s largest winter wheat producer — hit worse than any other state. The events, in which all three conditions occur simultaneously for a prolonged period, inevitably lead to drought and lowered grain yields. (No paywall)
U.S. farmers lean into corn, soy and wheat in 2023
American farmers will plant 7.6 million more acres of corn, soybeans and wheat, the "big three" crops of modern U.S. agriculture, this year than last, according to USDA estimates. With normal weather and trend-line yields, the result could be the largest soybean crop ever and the biggest corn crop since record production in 2016.
Bigger global corn crop this year, says IGC
World grain supplies will rise marginally in 2023/24, buoyed by larger corn harvests in the United States, the EU, and Argentina, said the International Grains Council on Thursday. The council’s monthly Grain Market Report said corn production would rise 4.5 percent, to reach 1.202 billion tonnes worldwide.
Brazil says farmers can grow and market GMO wheat
Brazil, one of the world's most populous nations, has joined neighboring Argentina in approval of the cultivation and sale of wheat that is genetically modified to resist drought — another milestone in the campaign to apply biotechnology to food directly consumed as part of the human diet.
Claim: War is poisoning Ukraine’s famously fertile soil
Ukrainian scientists say soil samples from the Kharkiv region show that “high concentrations of toxins such as mercury and arsenic from munitions and fuel are polluting the ground,” according to a Reuters report.
Cotton growers make room for more corn and wheat
Battered by drought and rising costs, U.S. cotton growers will devote more of their land to corn, wheat and soybeans — crops that promise higher revenue this year — while sharply reducing their cotton plantings, said a survey released on Sunday. The National Cotton Council said its survey of growers indicated 11.4 million acres will be planted to cotton this spring, 17 percent less than last year.
Growers to plant more wheat, pursuing war-boosted prices
With U.S. wheat selling for a record-high average of $9.10 a bushel, growers say they will sow the largest amount of land to wheat in seven years, enough to bump up production by 17 percent.
U.S. farm exports rise 14 percent to record high
Boosted by large increases in most sales categories, U.S. farm exports mushroomed to a record $196.4 billion in the fiscal year that ended Sept. 30, according to newly released Commerce Department data.
As war disrupts supply chains, U.S. wheat crop is smaller than expected
U.S. growers reaped their second-smallest wheat crop in 20 years due to drought in the Plains, said the Agriculture Department. The smaller-than-expected harvest would delay any American role in restoring grain flows disrupted by the Russian invasion of Ukraine.
As heat wave scorches India, global wheat outlook tightens
The world wheat crop is trending downward, due to a brutal heat wave in India and dry weather in Spain and France, said the Agriculture Department in its monthly WASDE report. Although Russia is expected to sharply increase its exports, more than 12 million tonnes of wheat would be liquidated from global stockpiles over the next year in the face of unrelenting demand for food.
GMO wheat approved for consumption in Australia and New Zealand
Food regulators approved a genetically modified wheat variety for human consumption in Australia and New Zealand, a victory in the rocky campaign to apply biotechnology to grains directly consumed as part of the diet. No GMO wheat is approved for sale in the United States.
Biden plan: Boost U.S. food production to fill in for Ukraine
The Biden administration said it would put $500 million into farm supports, boosting U.S. wheat production by up to 18 percent and expanding production of food grains and edible oils in an effort to fill the gap created by warfare in Ukraine.“ This funding is going to help ease rising food prices at home as well as abroad caused by Russia’s war in Ukraine,” said President Biden on Thursday.
USDA says no discussions about emergency crops in Conservation Reserve
The USDA is not considering suggestions that it open the land-idling Conservation Reserve for cropping this year to stabilize grain supplies following Russia’s invasion of Ukraine, said press secretary Kate Waters on Thursday.
Respond to Ukraine invasion with emergency crops on Conservation Reserve, says economist
If the Biden administration wants to boost U.S. grain production in the wake of Russia’s invasion of Ukraine, it should open the 22 million-acre Conservation Reserve for crop production this year, said a University of Illinois economist on Wednesday. Grain prices have soared on the possibility of Ukraine and Russia, major exporters of wheat and corn, being knocked out of the world market for months.