wheat
‘God forbid we have a weather problem this year’
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.
‘Without fuel, they cannot do it,’ says Ukraine ag official
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.
High global wheat prices through 2023 — IFPRI analysts
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."
War to cut Ukraine and Russia wheat exports by 12 percent
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.
Lowest grain prices in weeks due to Hurricane Ida
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.
Wheat crop withers in northern Plains, Pacific Northwest
With better rains, Australia harvests twice as much wheat
World wheat production is headed for a record high this year, with a bumper crop in Australia providing the latest bump upward. Australia's crop forecasters, in an estimate adopted by the USDA on Tuesday, say the wheat harvest "is estimated to have increased by 120 percent in 2020-21 to 33.3 million tonnes."
Record-high world grain production for second year in a row
With production surging by 4.4 percent, corn will drive world cereal grain production to record levels in 2020/21, said the UN Food and Agriculture Organization in its first forecast of the new crops. It was the second forecast in a week of record global output as the planting season ends in the northern hemisphere.
Trade war limits outlet for smaller-than-usual U.S. corn and soy crops
U.S. farmers will harvest their smallest corn and soybean crops since 2013, but the trade war will constrain exports of America’s two major crops for the second year in a row, forecast the USDA on Monday. Soybeans would sell at the lowest average price at the farm gate in 13 years.
Asian wheat buyers aren’t phased by U.S. discovery of rogue GMO wheat
Unlike earlier incidents, Asian customers for wheat grown in the U.S. Northwest did not bat an eye at the USDA announcement that GMO wheat was found growing in the wild in Washignton state. "At this point there is no trade disruption and we do not expect any," said U.S. Wheat Associates, the export promotion arm of the wheat industry, on Monday.
Smallest U.S. ag exports in three years amid trade war
The trade war with China and low commodity prices will combine to slash U.S. farm exports by 4.5 percent this fiscal year, said the USDA on Thursday in a quarterly forecast. Exports of $137 billion would be the smallest since 2016, when exports bottomed out following the collapse of the commodity boom.
With eye on China, Canadians will plant more wheat, less canola
Canadian farmers plan to slash canola plantings by 7 percent this year because of a trade clash with China and to greatly expand their sowings of spring wheat, said Statistics Canada on Wednesday.
Brazil agrees to let some wheat enter duty-free, an opening for U.S. grain
U.S. losing market share in global corn and wheat sales
For decades, the United States was the super power of the grain world, holding one-third of the international trade in wheat and shipping roughly seven of every 10 bushels sold on the world market. The world market is growing in size, but USDA analysts say the United States is falling off the pace.
The global flood of grain begins to drain away
World grain supplies tighten, U.S. soy exports shrink
From the EU to the Urals, drought is hurting wheat and barley crops, said the International Grains Council, forecasting the smallest world grain crop in three years and the smallest “carry-over” supplies in four years.
Handful of GMO wheat plants found in southern Alberta
Canadian regulators are puzzled by the discovery of seven genetically modified wheat stalks in southern Alberta that contain herbicide-tolerant genes, said the Manitoba Cooperator, but they say there's no sign of GMO wheat in the country's seed or wheat supplies. No country has approved GMO wheat for commercial use. Japan suspended purchases of Canadian wheat on Friday until it is certain there are no GMOs in the grain, reported Global News.
In novel filing, U.S. says India grossly over-subsidizes wheat and rice production
It is clear that India violates WTO limits on trade-distorting farm subsidies, said the Trump administration on Wednesday in announcing a “counter-notification” that could be the first step to a formal challenge of India’s wheat and rice subsidies.
Winter wheat condition improves as harvest nears
Half of the U.S. winter wheat crop was in good or excellent condition at the start of the week, a vast improvement from the drought-scarred 2023 crop, said the USDA's Crop Progress report on Monday. The USDA will make its first forecast of the harvest on Friday. Winter wheat usually accounts for three-quarters of all U.S. wheat production.