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Food and agriculture face a time of unparalleled change, both in the heft of the systemic issues they’re working through and in the speed at which seismic shifts will likely occur.
Ukraine reported a major drop in grain exports, threatening food security for millions worldwide. Grain exports are down 64% so far in May compared to last year, the country’s agriculture ministry said Thursday.
The International Grains Council (IGC) cut its global corn production forecast by 13 MMT to 1.184 billion metric tons, reflecting a downward revision to the U.S. crop.
Some farmers are concerned about the possibility of losing farmland to energy projects like wind and solar. John Phipps points out some major misconceptions about the placement of solar projects.
Deere & Co reported a 17% rise in quarterly profit on Friday, boosted by higher sales for its tractors, combines and sprayers.
Thursday’s market closes ended mixed in the grains.
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