wheat crop
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.
Rebound in Europe to fuel largest-ever global wheat crop
World wheat production will rise for the third year in a row, with growers harvesting a record-large crop this year, say forecasts from the UN Food and Agriculture Organization and the International Grains Council. While they differ slightly on how large the new crop, months away from harvest, will be, they agree Europe will be key.
Farmers to plant more soybeans next year, stand pat on corn
Recent increases in market prices are making soybeans more attractive, and farmers will respond by expanding soybean acreage by nearly 5 percent in 2021 while holding steady on corn acreage, said Farm Futures on Wednesday.
‘Outstanding’ conditions point to bumper crops, huge corn and soy stockpiles
U.S. farmers are looking at their largest corn crop ever and a near-record soybean harvest, with huge stockpiles of both crops persisting into fall 2021, said the USDA on Wednesday. Some 2.8 billion bushels of corn would remain in the bin when next year's crop is mature, the largest carry-over since the Reagan era.
World soybean production to rise by 8 percent, says grains council
With a rebound in U.S. production, the world soybean crop will be a record 364 million tonnes in 2020/21, up 8 percent from this season, said the International Grains Council on Thursday. Record-setting corn and wheat crops were also forecast for 2020/21.
Record global corn and wheat crops on the way
World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests, said the International Grains Council on Thursday. The global inventory of all grains will rise for the first time in four years.
USDA payments on corn and wheat more likely with PLC
After looking at the latest USDA price projections for corn, wheat, and soybeans, and taking into account price patterns for the crops, five university economists say the Price Loss Coverage subsidy is a better choice for growers than the Agricultural Risk Coverage subsidy for corn and wheat grown this year.
Japan buys U.S. wheat, puts new GMO testing system in place
Japan's Ministry of Agriculture purchased $18 million worth of U.S. wheat last week, days after announcing it would not interrupt imports because of the discovery of GMO wheat in a fallow field in Washington State. The Japan Agricultural Times reported the ministry said on July 17 that it had adopted a new inspection method so there was no need to suspend purchases.
USDA identifies two Monsanto strains in rogue GMO wheat in Washington State
The GMO wheat discovered growing wild in a Washington State field this spring actually sprouted from two different strains developed by Monsanto, the USDA announced over the weekend. Genetically engineered wheat is not approved for cultivation anywhere in the world, yet "volunteer" herbicide-resistant plants have been confirmed four times in the U.S. Northwest more than a decade after field trials ended.
Rogue GE wheat found in U.S. Northwest for fourth time since 2013
The USDA has never approved cultivation of genetically engineered wheat, yet for the fourth time since April 2013 a wheat strain resistant to the weedkiller glyphosate was found growing wild in the northwestern United States. The discovery could disrupt wheat exports and it raises questions about USDA's ability to police agricultural biotechnology.
Sharply lower farm-gate prices forecast for U.S. crops
Farmers growing the three major U.S. crops — corn, soybeans and wheat — can expect a sizable decline in the average sales price for this year's harvest instead of the mild upturn that was forecast in late February, said the USDA. In its first projection of the fall harvest, the USDA said season-average prices for the three crops would be 8 to 10 percent lower than anticipated at its Outlook Forum.
UN: Global food prices are lowest in 30 months
Led by “much weaker” vegetable oil, dairy, and grain prices, the UN Food and Agriculture Organization’s index of global food prices fell to its lowest level since May 2016. The price of vegetable oil dropped to a 12-year low.
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.