After a generation on the sidelines, the wheat industry may be on the cusp of joining the era of agricultural biotechnology. Crop developer Bioceres said on Monday that the FDA has determined during consultations that its HB4 wheat variety, genetically modified for drought- and herbicide-tolerance, was safe to eat.
The United States will build temporary grain silos on the border of Ukraine and Poland to help overcome a logistical barrier to exporting Ukrainian grain by rail, President Biden announced on Tuesday. "I'm working closely with our European partners to get 20 million tons of grains locked in Ukraine out onto the market to help bring down food prices," he said.
Nearly three of every 10 farmers with experience producing wheat and soybeans in one growing season say they will sow more winter wheat this fall, said a Purdue University poll on Tuesday. The practice, known as double-cropping wheat and soybeans, would mean larger wheat production in the United States and would help buffer the disruption in world food supplies created by Russia's invasion of Ukraine.
Electrified by Russia's invasion of Ukraine, commodity prices are sky high, with soybean futures topping $16.80 a bushel and the USDA forecasting the highest-ever farm-gate price for wheat. But high prices for corn, wheat and soybeans are far more likely to revert to their long-term averages than mark the dawn of a new era of permanently higher prices, said five university economists on Tuesday.
Republican senators slammed the Biden administration on Thursday for high inflation nationwide and said the USDA should free American farmers to plant as much land as they want to avert a potential food crisis. “We’re all hammered with” inflation, Senate Republican Leader Mitch McConnell told Agriculture Secretary Tom Vilsack.
The United States will export a record $191 billion worth of agricultural products this fiscal year as the world scrambles to replace the corn, wheat, and vegetable oil it would normally get from Russia and Ukraine, said the Agriculture Department on Thursday. It would be the second year in a row of record-high farm exports.
Aided by one of its largest crops ever, Russia will again be the world’s largest wheat exporter in the year ahead while neighboring Ukraine will ship only half as much wheat as this year, the result of the invasion by Russia, said the Agriculture Department on Thursday. The U.S. wheat crop will …
Jeff O’Connor gave President Biden a firsthand introduction to double-cropping on his 800-acre Illinois farm on Wednesday and agreed with the president that America can help fill the gap in global food supplies created by the war in Ukraine. “We have the ability to raise two crops in one growing season while simultaneously providing conservation benefits,” said O’Connor. “The farming community stands ready to maximize production, which we do so well, in this time of world need.”
President Biden will announce three steps to encourage American farmers “to boost production, lower food prices, and feed the world” during a visit to a family farm in northern Illinois on Wednesday afternoon, said the White House. Action by the USDA would be a response to Russia’s invasion of Ukraine and to high inflation at home.
Kansas grows one out of every six bushels of wheat harvested in the United States and often leads the nation in wheat production. But in several counties in the southwestern corner of the state, where the drought is at its worst, "very little wheat will make it to harvest," said the farmer-funded organization Kansas Wheat on Monday, pointing to arid conditions and "vicious" winter winds.
U.S. food prices will soar by an average of 6.8 percent this year, the highest annual rate since President Reagan's first year in office — and that's assuming price increases slow in coming months, said a University of Missouri think tank on Monday. Sky-high commodity prices are a factor, "but higher labor and energy costs and a range of other factors are much of the story," said the Food and Agricultural Policy Research Institute.
The world should create a fund of up to $25 billion to help poor nations deal with the surge in food prices caused by Russia’s invasion of Ukraine, said the head of the UN Food and Agriculture Organization on Wednesday. The FAO estimates that an additional 13 million people will face hunger in the near term because of warfare in the Black Sea region, ordinarily a major source of wheat and corn on the world market.
The Russian invasion of Ukraine will strain world grain supplies for months to come, driving up prices and inflation rates, said a panel of economists on Tuesday. "God forbid we have a weather problem this year," said Dan Basse, head of AgResource Co., who described war in the Black Sea region as the greatest supply shock since World War I.
Ukrainian farmers are woefully short of fuel ahead of the spring planting season and have lost around 10 percent of their land “to military effects,” such as bombing, said Dzoba Taras, the country’s deputy agriculture minister, during a webinar.
There are no overnight replacements for Ukraine and Russia in global wheat production, said five IFPRI analysts on Monday. "Even under the most optimistic assumptions, global wheat prices will remain high throughout 2022 and the trend is likely to persist through 2023, given limits on expanding production."
The Russian invasion of Ukraine will slash wheat exports from the countries by a combined 12 percent, said the Agriculture Department on Wednesday in an initial assessment of the short-term impact of the war. Nations from Europe to Asia and Africa will import somewhat less wheat in coming months in the face of higher prices and reduced supplies from the Black Sea region, it said.
With exports in doubt because of hurricane damage to grain elevators near New Orleans, prices for corn, soybeans and wheat, the most widely planted U.S. crops, fell to their lowest levels in several weeks in futures trading on Tuesday. The fall harvest will begin soon and could glut the U.S. market if foreign sales are disrupted.
The wheat harvest in the northern Plains and Pacific Northwest will be 40 percent smaller than last year due to severe drought, said the USDA on Monday. The declines in durum and spring wheat were so great they would reduce overall U.S. wheat production, dominated by winter wheat, by 8 percent …