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.
Surge in yields brings biggest U.S. soybean crop ever
The U.S. soybean hit parade, with record production in 2016, 2017, and 2018, will continue this year with the largest crop ever, the government forecast on Tuesday with the harvest in full swing. A late-summer surge in likely yields per acre prompted the USDA to say the crop will be 2 percent larger than its previous estimate.
Drought imperils Afghanistan grain and livestock
At the same time the Taliban are taking control of Afghanistan, its farmers and herders, the backbone of the nation's economy, are hit by an ever-worsening drought, said the UN Food and Agriculture Organization. The wheat crop is 15 percent below average while livestock herders may have to sell their animals because of high feed costs.
Drought scorches U.S. corn, soy, and wheat crops
U.S. farmers will reap two of their largest-ever corn and soybean crops, the first step to assuring an abundant food supply, the government said on Thursday, despite drought damage in the northern Plains and upper Midwest. The wheat crop, meanwhile, will be the smallest in 19 years.
USDA forecasts highest prices for U.S. crops in years amid global boom
U.S. farmers will reap two of their largest corn and soybean crops ever and sell them for the highest average prices since the commodity boom ended several years ago, said the government Wednesday in its first projections of the fall harvest. The USDA also said that global soybean king Brazil would increase its share of the world market at the expense of U.S. exports.
Unusually dry, or worse, in half of Midwest
Large swaths of Iowa, Wisconsin, Illinois, Indiana, and Ohio are abnormally dry and most of Michigan is in moderate drought due to limited spring precipitation, said the weekly Drought Monitor on Thursday. Arid conditions covered 48 percent of the Midwest, the heart of U.S. corn and soybean production.
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.